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What is OmiseGO?
OmiseGo is an open payment platform based on cryptocurrency decentralised norms following the Ethereum ERC-20 standard. It is open source and the focus of the crypto is to help “unbank the banked” by providing a better financial service for a new digital age. The OMG is one of the most successful Ethereum crypto token projects. The project is backed by Vitalik Buterin, the founder of Ethereum, who also sits on OmiseGo’s advisory board.
Why the big fuss?
The blockchain is a massively-scalable decentralised exchange token-based blockchain that provides a useful gateway for payment systems. Here are some of the OmiseGo advantages:
- Proof of Stake ownership can help owners of OmiseGo coins to amass more tokens.
- It has the lowest transaction times of any Ethereum-based token project.
- It has one of the easiest ‘cash-out’ options within the ERC-20 framework.
- It has low user fees on exchanges worldwide.
- It is designed to help low cap users engage with crypto.
What can I buy with OmiseGO?
OmiseGo are working on helping ‘unbanked’ populations access crypto in Thailand, but the primary goal is to create a low-cap crypto gateway token. The company is partnering with low-cap banking services to help develop cross-border payment systems. However, these are still in early testing stages and as such there aren’t any real OmiseGo use case studies available.
Where can I buy, sell or trade OmiseGO?
We recommend you buy, sell or trade OmiseGO at a trusted broker. Our favourite is at the top of this page. You can read our reviews of the top brokers here.