Rank 1362
Add
Avg. Price
$ 8.120 USD
24hr Change
11.54%
Mkt. Cap
$ 0
Vol. 24H
OMG 448,484.628 ($ 3.54 M)
Low/High 24h
$ 7.170 / $ 8.250
Total Coins
$ 0
Last Trade
OMG 10.000 ( $ 81.227) / Bitfinex
OMG/USD Calculator = Buy OMG

Date Open High Low Close Volume
Buy live trades
Market Name OMG Rate Quantity Total
Loading Buy Live Trades...
Sell live trades
Market Name OMG Rate Quantity Total
Loading Sell Live Trades...
Socials

Description

OmiseGO is building a decentralized exchange, liquidity provider mechanism, clearinghouse messaging network, and asset-backed blockchain gateway. OmiseGO is not owned by any single one party. Instead, it is an open distributed network of validators which enforce behavior of all participants. It uses the mechanism of a protocol token to create a proof-of-stake blockchain to enable enforcement of market activity amongst participants.

Owning OMG tokens buys the right to validate this blockchain, within its consensus rules. Transaction fees on the network including payment, interchange, trading, and clearinghouse use, are given to non-faulty validators who enforce bonded contract states. The token will have value derived from the fees derived from this network, with the obligation/cost of providing validation to its users.