1 Level
11 Review
1 Karma
Review on OMG Network by TAN PHAM
OmiseGO also recently partnered with Dai to add the DAI stable coin to the OMG…
OmiseGO also recently partnered with Dai to add the DAI stable coin to the OMG DEX. OmiseGo OMG is one of the strongest tokens on the Ethereum network, sitting at fourth place behind only EOS, TRX, and VEN in total market cap as of this writing. It has the third highest trading volume among Ethereum tokens and has the 11th highest individual token price. Because it’s built on Ethereum, it would appear OmiseGo OMG has the same competition as ETH. This includes Cardano, and especially NEO/GAS, which is based in China and uses the Ontology blockchain network instead of OMG.
Pros
- OmiseGO is aimed at providing financial services to Southeast Asia’s unbanked population. The OmiseGO blockchain supplements the existing Omise payment gateway and mobile wallet infrastructure. OmiseGO will eventually utilize Plasma on Ethereum for fast transaction speeds and Proof-of-Stake verification model for decentralization. Omise is backed by several prominent Asian VC firms and has backing from Thailand’s Central Bank and Ministry of Finance. Ethereum’s founders are consulting on OmiseGO.
Cons
- This project has good prospects for the future, provided that the development team can successfully implement its plans on time. Some experts give an optimistic forecast for OmiseGO – about $100 per coin. If you decide to invest in this project, you should probably adjust to a long-term perspective, since the platform still requires a lot of improvements.
