Last Update 2018.11.21 07:02 PM UTC

OmiseGo

OMG

USD Price

$ 1.98

$ -0.060  ( -2.94% )
Market Cap       24
$ 277.69 M
( $ 277,685,889 )

Change 1HR
-0.04%
Volume 24HR
$ 1,511,890.6
OMG 776,860.0
Change 24HR
-2.94%
24HR Low-High
$ 1.80 - $ 2.05
Change 7 Day
-31.01%

OMG / USD

8 Exchanges
  • Supply & Demand
    5,8,8,3,3,3,4,3,4,4,7,7
  • Mined
    140,245,398
  • Circulating Supply
    140,245,398
  • Total Supply
    140,245,398

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.

@omise_go