BUY / EXCHANGE instantly
Max Supply Algorithm Proof Type Start Date Twitter Website
-1 2017-07-06 Array OMG Network
DifficultyAdj. BlockRR. BlockNo. Network H/s Current Supply Block Reward
0 0 140245398.24513 0
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What is OMG Network (OMG)?

OMG Network (OMG) is a decentralized, public network designed to facilitate high throughput, low-cost peer-to-peer transactions. Leveraging Layer-2 Plasma architecture, OMG Network enables scalable, secure, and decentralized payment applications on the Ethereum Network. It allows users to transact value across different geographies, asset classes, and applications while securely managing and accessing digital assets stored on the blockchain.

Who created OMG Network (OMG)?

OMG Network was founded by Jun Hasegawa and Ezra Don Harinsut in June 2013. Ezra Don Harinsut currently serves as the CEO of Omise Payment, a subsidiary of Omise Holdings, which encompasses Omise Payment, OmiseGo, and GO Exchange.

What is $OMG used for?

$OMG is the native utility token of the OMG Network and serves various purposes within the ecosystem. Users can transact value on the network using $OMG, and it is used to pay transaction fees. The network supports a range of different tokens that users can use to pay fees, with the current fee structure linked to the gas price of ETH. The goal of the Community Points Engine (CPE) on the OMG Network is to enable communities to create scalable points and rewards systems in a trustless manner. The CPE utilizes the OMG Network as a high throughput settlement rail for community points transactions, enabling fast, fee-less, and secure ownership and transaction of community points with the security guarantee of the Ethereum blockchain.

OMG rebrand: OmiseGO Rebrands to OMG Network

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