All about OMG Network (OMG) cryptocurrency

In the modern world, the phenomenon of cryptocurrencies has become a familiar part of every day. Cryptocurrency is talked about in the news, discussed on forums, argued on social networks and watched on exchanges.  Even the volatility of the exchange rate does not scare and does not repel the client from interest in bitcoin, litecoin and other cryptocurrencies. The popularity of a digital asset is growing every day, which in turn provokes the creation of new types of cryptocurrencies. One of these is OMG or otherwise OMG Network. What it is and what characteristics this new cryptocurrency has, you can find out by reading this article to the end.

What is OMG Network?

The company itself, according to the documents, was formalized around 2013 and was called OmiseGo (the founder and owner of the company, Jun Hasegawa). After almost 4 years of successful work, namely at the end of the summer of 2017, the company was able to raise more than 25 million dollars during the ICO campaign, and immediately after that, in order to prevent the phenomenon of the so-called "gold rush", it was decided to suspend and limit sale of tokens. During these successful years of work, the company has been very successful in the Asian market, namely in concluding more than a thousand offers and contracts with financial institutions. After 2017, the management decided to rebrand, which included a change in the name of the company, namely OMG Network.

Ways to use

The main idea of ​​omg coin is that currency exchanges and payment services are combined at the same time in real time. Accordingly, with the help of this product it will be possible to create processes in which money transfers to each other will be possible and real, without bothering and without indicating in which currency the funds are credited. Also, another advantage of omg is the reduction in the price of transactions due to the fact that intermediaries, whose role was played by banks, are removed. In addition, this moment is important because the operations will be carried out many times faster than usual. For example, you went on vacation abroad and decided to go shopping. After spending more than one hour in fitting rooms, you still find the desired product and when you come to the checkout, you find that you do not have local currency. And now you will either have to run and look for a local exchanger, or contact banks and overpay for the conversion. In these two cases, both time and money will be lost, as a rule, the loss will be from 3 to 10 percent.

With OMG Network you can now save time, money and nerves. Now you can easily pay and not worry about high commission percentages. Just use the application to make a financial transaction in real time, which will immediately include the conversion of the currency into the one you need and crediting to the account you need and specified by the client. Also, such payments can be made not only offline, but online, namely money transfers, online shopping, and so on.

The company offers to implement its products and services in the OMG Network, with the help of which you can exclude intermediaries and third parties in exchanges and making payments, namely, to connect and combine the currency exchange and your electronic wallet. Functions provided with variety:

• exchanges and payments, money transfers, as well as cryptocurrency transactions;
• assets: work and management;
• there is also a B2B format and commerce;
• financial transactions and orders directly from the manufacturer to the end user/customer;
• approval of deposits and loans, as well as their receipt;
• launching loyalty programs for various businesses;
• a variety of on-demand and individual services, including cashing out.

In other words, all this is created to make transfers and payments as convenient and simple as possible, namely, that the participant will be able to pay and pay for a product or service, regardless of the currency that he has, whether it is fiat money or digital absolutely no commission. In turn, the seller will win his money in the equivalent and in the currency that he needs. The nuance and advantage of this whole system is that you can make exchanges and payments even without having bank accounts.

Accordingly, OMG is a created platform that can completely replace the banking system, on the basis of which decentralization technologies are implemented thanks to the help of the Ethereum blockchain.

How to mine OMG. Where to buy and store OMG cryptocurrency?

Since the OMG Network cryptocurrency has been on the financial market for a long time, therefore it is very popular. Accordingly, it is possible to carry out various financial transactions with it on all major exchanges. As a rule, the largest percentage of transactions occur on the Binance exchange. On the same exchange, futures of this currency are traded.

Now we provide you with a rating of the most popular sites for working with OMG Network:

1. In the prize and first place is the Binance exchange, as it was written earlier.
2. Digifinex
3. HuobiGlobal ( This exchange among users has a huge trust weight.)
4. OKEx
5. VCC Exchange

Storage of this coin is possible on almost all electronic wallets that work with ERC-20. Among the possible cryptocurrency wallets are: MetaMask, Atomic Wallet, Trust Wallet and many others.

Omg coin Prospects

The financial world is not without scandals, unfortunately, and OMG Network has become a victim of black PR. The reason was slander and customized advertising news that the partnerships announced by management and press releases do not exist. In addition, the network itself is developing quite slowly and gradually. It took a lot of time to launch the mainnet. The reason for such discontent of the public and customers is that its creators left the project in the process of development. At the same time, the network has the support of experts such as Poon and Buterin.