OmiseGO (OMG) cryptocurrency
OmiseGO (OMG) cryptocurrency is a newcomer to the virtual coin market. Founded on the Ethereum base at the end of 2017 by the international company Omise, it is a universal platform for the decentralized exchange of one token for another. Here you can work with both virtual and fiat currencies.
Official website - omise.co
Description, goals and advantages of the OmiseGO (OMG) cryptocurrency
OmiseGO technology ( OMG) allows you to combine money exchange and payment services in real time. The buyer pays the invoice in a convenient format, and the recipient is credited with funds in the local centralized currency.
The payment unit of the system is the OMG token, which has its own blockchain that protects data transfer through the Proof-of-Stake algorithm. This allows not only to facilitate, but also to speed up the execution of transactions on the network.
The main advantages of the OmiseGO (OMG) blockchain are:
- decentralization;
- scalability;
- high performance;
- public availability;
- the presence of a mechanism responsible for the liquidity of the listed currencies;
- providing the possibility of asset management, etc.
The main idea of the project OmiseGO (OMG) – allows each user of the system to carry out transactions through the network without commission. In this case, a bank account is not required. The ultimate goal of OmiseGO (OMG) is to create perfect competition in the currency world:
"The OmiseGO network is internally agnostic between fiat and decentralized money: as far as adoption and usage go, the system is built so that the best currencies win" .
Where to store OMG cryptocurrency
The main feature of the project is the development of its own SDK-type wallet, working on an “all-in-one” system. This allows you to quickly exchange any decentralized token for local currency within the payment system itself.
The wallet developers claim that it will be flexible enough and most profitable for conducting financial transactions.
As of today, the currency does not yet have a branded wallet, so Exodus is ideal for storing OMG.
Where to buy OmiseGO (OMG) cryptocurrency
Cryptocurrency exchanges offer large volumes of OMG cryptocurrency Binance, Bittrex, Bitfinex, KuCoin, etc. However, storing coins here is not recommended.
It is better to choose a more reliable and secure option for saving tokens - an official wallet.
Conclusion
The prospects for the OmiseGO (OMG) cryptocurrency are high. And this is explained by several factors.
Firstly, the creator of this innovative cryptocurrency is a large international company. The first investors in OmiseGO include SBI Investment, AscendCapital, SMDV, etc.
Secondly, the development company’s activities are concentrated in the Asian region, so there is sufficient space for further development of the project.
Thirdly, the exchange of OmiseGO tokens is carried out in real time.
At the beginning of February 2018, the price of one OmiseGO (OMG) token reached almost $14. A review of the OmiseGO cryptocurrency indicates that the currency is very promising and suitable for long-term deposits. Analysts believe that investments in this project will be successful and justified.
