OmiseGO Review: Any Chance in 2023??

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⏰ Time Stamps ⏰

1:16 Introduction
3:58 Plasma
5:31 OmiseGO Solution
7:36 eWallet Suite
8:37 OMG Token
10:26 Team & Partnerships
11:57 Development
13:45 Markets for OMG
15:00 Conclusion

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⛓️ ? Helpful Links ? ⛓️

► Omise Website: https://www.omise.co/
► OmiseGO Website: https://omisego.co/
► GitHub: https://github.com/omisego
► Developer Portal: https://developer.omisego.co/
► Whitepaper: https://cdn.omise.co/omg/whitepaper.pdf
► Plasma Whitepaper: https://www.plasma.io/plasma.pdf
► Ledger Proof of Stake: https://www.ledger.com/academy/blockchain/what-is-proof-of-stake/

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?️ Socials ?

► Official Blog: https://omisego.co/blog
► Twitter: https://twitter.com/omise_go
► YouTube: https://www.youtube.com/channel/UC-NfGRxTkJfVbFgyJoOxzCQ

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? Project Overview ?

OmiseGO is a project that’s focused on decentralized banking that enables real-time peer-to-peer transactions available across applications, geographies, and asset classes.

This project was developed on Ethereum’s blockchain and wants to become a high-value exchange and settlement platform. By doing so, OmiseGo hopes to provide users a way to perform international transactions through a decentralized method.

⚙️ Technology ⚙️

The primary tech behind OmiseGO is plasma. As it stands, on the Plasma network, the OmiseGo network can perform up to 4,000 transactions each second.

Through the Plasma child chain, fees on the OMG network are 90% less than what a user would pay using Ethereum’s blockchain.

OmiseGO’s eWallet Suite is an open-source development toolkit created by OmiseGo, which it offers to merchants, users, and businesses for free.

The suite is made up of many different tools and components that make it useful to enterprise users. This includes software development kits for Android, iOS, and Ruby.

?️ Token ?

The OMG token is an ERC-20 token and when the OmiseGo mainnet launches, it will be Proof-of-Stake. Once the mainnet is available to everyone, validators on the platform will assist with settling plasma offchain transactions.

While OmiseGo has successfully performed a transaction on its mainnet, staking with the token is not yet available. However, OMG’s primary purpose is as a staking token.

Currently, the token ranks just inside the top 50 of all coins for market capitalization and has a total and circulating supply of a little over 140 million. Once the mainnet is launched and staking begins, there may be mild inflation from block rewards.

So, the OmiseGo ICO occurred in June of 2017, meeting its $25 million goal. During its coin offering, OmiseGo distributed 65% of its tokens to investors.

20% of the tokens were kept by Omise to cover expenses, 10% was sent over to the developers, and the remained 5% was set aside for a future airdrop for ETH holders.

?‍?️ Team, Partners & Development ?‍?

Omise is based in Thailand and was established in 2017. The project was initially founded by Jun Hasegawa. Hasegawa brings over a decade and a half of experience in the mobile payments and e-commerce industry to Omise and OmiseGo. He is still the director of both OmiseGo and Omise.

There are also a number of high profile partnerships that have been established with OmiseGO. In 2019 it was announced that Nomura Holdings had made an undisclosed investment into Omise Holdings. Another relationship is that of Mass Vehicle Ledger or MVL.

Development on OmiseGo has been slow altough the mainnet launch appears to be around the corner. At the end of last year the first mainnet transaction was successfully completed on the platform.

? Trading & Wallets ?

OMG has a pretty large range of exchange support and is listed on numerous different exchanges. The liquidity is also quite well spread out amoung these exchanges which means easier price discovery of OMG.

When it comes to storage, given that this is an ERC20 token, there are a large range of wallets that can be used – any that supports Ethereum. These include hardware wallets like Ledger and Trezor.

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? Disclaimer ?

The information contained herein is for informational purposes only. Nothing herein shall be construed to be financial legal or tax advice. The content of this video is solely the opinions of the speaker who is not a licensed financial advisor or registered investment advisor. Trading Forex, cryptocurrencies and CFDs poses considerable risk of loss. The speaker does not guarantee any particular outcome.

#OmiseGO #OMG #crypto #Ethereum #Review #ERC20 #Plasma #Fintech #blockchain #cryptocurrency #Exchange

OmiseGO Review: Any Chance in 2023??

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Kane Dane