$OMG The global cryptocurrency market cap stands at $2.38 trillion, marking a 0.92% decrease within the last day. Over the past 24 hours, the total crypto market volume reached $85.02 billion, reflecting a 6.76% increase. DeFi contributes $6.19 billion to this volume, representing 7.28% of the total. Stablecoins account for $79.52 billion, constituting 93.53% of the 24-hour volume. Bitcoin dominance has risen by 0.18% to reach 53.43%.
$OMG OMG: OMG Network: OMG Network (formerly OmiseGO) is a layer-2 scaling solution for Ethereum that aims to improve transaction speeds and reduce fees. $BAMA | #Bitbama | #R2E.
$OMG Price of OMG today The live price of OMG Network is $ 0.712666 per (OMG / USD) with a current market cap of $ 99.95M USD. 24-hour trading volume is $ 14.05M USD. OMG to USD price is updated in real-time. OMG Network is -0.35% in the last 24 hours with a circulating supply of 140.25M. $BTC $ETH #BinanceLaunchpool #bitcoinhalving #Megadrop #BullorBear #Memecoins
$OMG NOTICE: replica.boba.network will be deprecated on July 31st. Anyone using it, please switch to mainnet.boba.network or endpoints of other RPC providers.
$OMG @BigBrainDefi is building what he has said to be a “poor man’s atropa” ecosystem. And it’s all backed by oranges 🍊 $boeing is the ticker. he’s airdropping holders. If you missed/fumbled opportunities like this retardio, don’t fade the next. It’s stupid early. 🤏🧢 $MIA $DXB $OMG
$OMG OMG Network Price Live Data The live OMG Network price today is $0.708458 USD with a 24-hour trading volume of $13,535,144 USD. We update our OMG to USD price in real-time. OMG Network is up 0.18% in the last 24 hours. The current CoinMarketCap ranking is #455, with a live market cap of $99,357,942 USD. It has a circulating supply of 140,245,398 OMG coins and a max. supply of 140,245,399 OMG coins.
$OMG Where Can You Buy OMG Network (OMG) Tokens? OMG tokens are highly liquid and can be purchased or traded on well over 200 different exchange platforms, including several top 10 exchanges — such as Coinbase Pro and Binance. Some of the most popular trading pairs include OMG/USDT, OMG/BTC and OMG/ETH.
OMG can also be traded against several fiat currencies, including U.S. dollars (USD), euros (EUR) and British pound sterling (GBP).
$OMG How Is OMG Network Secured? The OMG Network mainnet will eventually move to a proof-of-stake (POS) consensus system, which will allow users to stake their tokens to help secure the network and earn rewards.
Until then, OMG Network child chains are secured by a proof-of-authority (PoA) consensus mechanism, which is basically a simplified form of proof-of-stake which is controlled by a single block producer (OMG Network itself) for now — which essentially stakes its reputation on staying honest.
OMG Network plans to transition to proof-of-stake as soon as it’s ready, following which OMG holders will be able to become stakeholders in the success and security of the network, by delegating their stake to validators.
$OMG How Many OMG Network (OMG) Coins Are There in Circulation? Like most cryptocurrencies, OMG Network tokens have a fixed maximum supply. This is set at exactly 140,245,398 OMG and will never increase beyond this point. Unlike many other cryptocurrencies, this total supply has already been fully minted, with the majority already in active circulation.
Of the total supply, 65.1% of tokens were distributed to investors and 5% were distributed in an airdrop, whereas the last 29.9% is held by the project and team. Of this 29.9%, 20% is locked in the OMG Network reserve smart contract for funding future developments and network validation, and the remaining 9.9% is reserved for the founding team.
Both the OMG reserve and team allocation were locked for one year, but this has since elapsed
$OMG What Makes OMG Network Unique? OMG Network believes that Ethereum’s significant speed and cost barriers will need to be overcome before mainstream businesses will consider building their products and applications on the network.
As such, the OMG Network project is built to help make Ethereum more attractive to businesses and projects that want to scale while simultaneously cutting down on their carbon footprint. It achieves this with its plasma-based sidechain solution, which can help reduce electricity usage by up to 99% compared to Ethereum and cut fees by around two thirds, while ensuring assets remain secured by the underlying Ethereum network.
The platform itself is supported by $25 million in funding obtained during its 2017 initial coin offering (ICO). Moreover, OMG Network parent firm SYNQA recently raised a further $80 million in Series C funding — and was supported by several major investment firms, including Toyota Financial Services Corporation and Sumitomo Mitsui Banking Corporation.
$OMG Who Are the Founders of OMG Network? The OMG Network currently consists of a team of more than 50 employees scattered across the world. It was founded by Thai-born Vansa Chatikavanij and operates as a subsidiary of SYNQA — a Thailand-based fintech firm that was formerly known as Omise Holdings.
As the projector founder, Vansa Chatikavanij received a master’s degree in earth and environmental sciences at New York's Columbia University. Following this, Chatikavanij held several consulting roles at prominent financial institutions including the International Finance Corporation (IFC) and World Bank Group, before founding OMG Network (then OmiseGo) in 2017.
Chatikavanij held the role of managing director at the company until 2019, before transitioning to the role of CEO, which she still holds to this day. Beyond this, Stephen McNamara — former head of blockchain R&D strategy at Huawei Technologies — is OMG Network's COO, whereas Kasima Tharnpipitchai, a heavily experienced engineer and consultant, is its CTO.