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OMG Network

OMG Network

OMG
#746
$0.04545Up 2.92 percent($0.00)

Key Stats

Total Supply140.25M OMG
Max Supply∞
Circulating Supply140.25M OMG
Launch Date2017-07-06

OMG Network Information

Websites
omg.networkWhitepaper
Industries
Payment

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About OMG Network

OMG Network (OMG) is a decentralized, public network built to enable high throughput, low-cost peer-to-peer transactions. Leveraging Layer-2 Plasma architecture, it provides scalability and strong safety guarantees for building decentralized payment apps on Ethereum. $OMG is the native token used for transactions and paying fees on the network. The Community Points Engine (CPE) allows communities to create scalable points and rewards systems using the network in a trustless manner. The project was founded by Jun Hasegawa and Ezra Don Harinsut in 2013.

Frequently Asked Questions

OMG Network (OMG) is a decentralized, public network designed to facilitate high throughput, low-cost peer-to-peer transactions. Leveraging Layer-2 Plasma architecture, OMG Network enables scalable, secure, and decentralized payment applications on the Ethereum Network. It allows users to transact value across different geographies, asset classes, and applications while securely managing and accessing digital assets stored on the blockchain.

OMG Network was founded by Jun Hasegawa and Ezra Don Harinsut in June 2013. Ezra Don Harinsut currently serves as the CEO of Omise Payment, a subsidiary of Omise Holdings, which encompasses Omise Payment, OmiseGo, and GO Exchange.

$OMG is the native utility token of the OMG Network and serves various purposes within the ecosystem. Users can transact value on the network using $OMG, and it is used to pay transaction fees. The network supports a range of different tokens that users can use to pay fees, with the current fee structure linked to the gas price of ETH. The goal of the Community Points Engine (CPE) on the OMG Network is to enable communities to create scalable points and rewards systems in a trustless manner. The CPE utilizes the OMG Network as a high throughput settlement rail for community points transactions, enabling fast, fee-less, and secure ownership and transaction of community points with the security guarantee of the Ethereum blockchain.

OMG rebrand: OmiseGO Rebrands to OMG Network