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5 Karma

Review on OMG Network by Ferenhos Nicki

Revainrating 5 out of 5

OmiseGO has been around for some time, and some of the more senior…

OmiseGO has been around for some time, and some of the more senior cryptocurrency users and/or traders might remember OmiseGO as a project that was at some time relatively unknown, but actively promoted on various cryptocurrency-related communities and subreddits. OmiseGO promises an ecosystem through which currencies and other valuables could be exchanged among themselves directly and in a decentralized manner. This all would be supported by the Ethereum blockchain as OmiseGO is an ERC20-token. Ever since the initial hype surrounding OmiseGO a lot has changed in the cryptocurrency sphere.



Pros
  • OMG's parent company Omise is an experienced payment processor which is mostly active throughout South-East Asia. As such, parent company Omise is already equipped with a considerably large customer base. In essence, all of the payments currently processed by parent company Omise can instead be enacted on the OmiseGO blockchain
Cons
  • much of the long-term success of the OmiseGO platform depends on the OmiseGO team. Not many would deny that the OmiseGO team is doing a fantastic job not only in product development but also in marketing effort. But caution is advisable for the various marketing efforts of OmiseGO not to create unwarranted expectations

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