Why did Vitalik support OMG?

The main reasons why Vitalik supports OMG are as follows:

First, the technical background and project positioning of OMG attracted Vitalik's attention. OMG, or OmiseGO, is a public financial technology based on Ethereum that can be used in mainstream digital wallets to achieve real-time peer-to-peer value exchange and payment services across jurisdictions and organizational islands. Its goal is to create a decentralized payment network that allows people to transfer and pay without banks, supports transactions of digital currencies and legal currencies, and transfers are almost instant. This decentralized payment solution is innovative and practical in the blockchain field, which is in line with Vitalik's pursuit and recognition of technology.

Secondly, the team strength of OMG and the support of the advisory team are also important reasons for Vitalik's support. Omise, the parent company of OMG, was founded in 2013 and received more than $17 million in Series B financing led by SBI in 2016. In the same year, it was named a "financial technology star" by Forbes magazine. In 2017, Omise and Alipay launched an e-wallet to help local Thai e-commerce merchants accept online payment transactions from Chinese tourists. In addition, the advisory team of OMG Coin includes Joseph Poon, the initiator of the Lightning Network, Gavin Wood, the founder of the Polkadot project, and Vitalik Buterin himself is also an advisor to the project‌12. Such a team background and advisory lineup undoubtedly increase Vitalik Buterin's confidence in OMG Coin.

Finally, Vitalik Buterin's recognition of OMG Coin is also reflected in his detailed analysis and positive evaluation of the project. Vitalik Buterin wrote a special article on Twitter, stating the three reasons for being optimistic about OMG Coin: it is not a medium of exchange, it has a clear valuation model, and it is necessary to run nodes to obtain income rather than passive income. These reasons show that Vitalik Buterin has a deep understanding and recognition of the technology and economic model of OMG Coin‌.

In summary, Vitalik Buterin supports OMG Coin because its technical background, team strength and in-depth understanding of the project are in line with Vitalik Buterin's investment philosophy and technical pursuits.