OmiseGo (OMG)

Information about the token OmiseGo (Ticker Code: OMG)

Asset Information

Asset Name: OmiseGo
Trade Ticker: OMG
Logo Icon:
Asset Type: Token
Subtype: ERC20
Token Type: ERC20
Asset ID: 0xd26114cd6EE289AccF82350c8d8487fedB8A0C07
Asset Decimals: 18
Total Supply: 140,245,398 OMG
Circulation: 140,245,398 OMG   (Updated: 2020-03-31 07:41:25)
Market Cap: $71,409,445 USD
Categories: Smart Contract Platform
Social Contacts: Twitter   Reddit   Facebook  
7 Day Sparkline:
Average Price:

altilly OMG (OmiseGo) Balance SheetWhat is this?  

Last Updated: 2020-03-31 07:56:05 UTC
Customer Funds on Deposit 157.66107412 OMG
Customer Funds Pending Deposit 0.00000000 OMG
Customer Funds Pending Withdrawals 0.00000000 OMG
Total Liabilities 157.66107412 OMG
In Deposit Wallets 0.87000000 OMG
In Transit Dep-->WD Wallet 0.00000000 OMG
In Withdrawal Wallets 214.38311956 OMG
In Safe Storage (0.00%) 0.00000000 OMG
Total Assets 215.25311956 OMG
Balance 57.59204544 OMG (136.529%)

Liabilities Est. USD Value $80.28
Assets Est. USD Value $109.60
Balance Est. USD Value $29.32 (136.522%)

OmiseGo (OMG) is trading in 4 markets at altilly.

The OMG network is a scaling solution for finance on Ethereum, enabling transparent, peer-to-peer transactions in real-time. The decentralized network facilitates self-sovereign financial services across geographies, asset classes and applications.

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. This high-performant distributed network enforces exchange across asset classes, from fiat-backed issuers to fully decentralized blockchain tokens (ERC-20 style and native cryptocurrencies). Unlike nearly all other decentralized exchange platforms, this allows for decentralized exchange of other blockchains and between multiple blockchains directly without a trusted gateway token. Markets may be able to significantly reduce spreads and encourage market assurance via decentralizing custody and increased transparency of market activity. This is achieved using smart contracts, protocol tokens enforcing correct market behavior of orderbook matching, a new construction of Ethereum bonded external enforcement of clearinghouse activity, and commitments to historical exchange data for use with Ethereum smart contracts.

OmiseGO allows for stakeholders, from individuals to issuers, to have significantly greater assurance in the financial mechanisms of society. With the emerging popularity of eWallet platforms, siloed networks are becoming a problem. This creates a unique opportunity for fiat tokens to interchange across a decentralized network, along with cross compatibility with cryptocurrencies. In order to build this decentralized interchange network, it requires not only a blockchain well-suited for payments and interchange of issued tokens, but also a decentralized exchange which supports these activities, as well as incentives around creating well-functioning liquidity pools.

Eventually, these issued tokens may asymptotically get closer and closer to full decentralization (including user-owned keys) which maximizes agency of the individual. This can be achieved by creating not only transparency in the business process of payment interchange, but also removing the ownership of the business process itself from a single trusted entity.

Powered by Plasma
OMG is designed to pioneer the Plasma architecture, the leading Ethereum Layer 2 scalability solution. The OMG network is a proof-of-stake and infinitely scalable Plasma blockchain with a decentralized exchange built into its core consensus layer. The Plasma construction allows for low-cost security, scalability, and settlement for all financial applications that will run on the OMG network.