OMG Network Live Price

What is OMG Network?

Formerly OmiseGO, OMG Network is a blockchain ecosystem based on Ethereum (ETH), providing investors different ways to earn income. It is a decentralized exchange (DEX), messaging network, liquidity provider mechanism, and digital asset blockchain gateway. It is known in the market for its digital commerce and financial tools that allow cross-chain transfers bypassing crypto exchange. OMG Network's initial coin offering or ICO took place in 2017 and was launched to solve ETH's speed and cost issues. Using the Plasma architecture, this protocol allows the verification of transactions by batch instead of individually. As a result, users can enjoy faster speeds and low-cost fees compared to transacting on Ethereum directly. The protocol aims for global fiscal inclusion, especially for people who lack access to banking services. It works directly with financial institutions such as banks to provide an open approach to monetary assistance. OMG is the network's utility token that developers and users can use as payment for services in OMG Network. The total supply of this coin is at 140.2 million, ensuring that its value is retained over the coming years. Of this, 5% were up for an airdrop distribution, and 65.1% were allocated for investors. The market cap is valued at $504.98 million.

Get OMG Network Price Change Alerts

Verdasi can notify you when OMG goes up or down. Get a text message or email when OMG Network changes in price.

How much is OMG Network worth?

OMG Network (OMG) is worth 3.95 USD as of March 15, 2022, 2:09 am UTC time. View the interactive graph to see how much OMG Network has changed in the last hour or historically. The OMG Network (formerly OmiseGO) is a value transfer network for Ethereum and any ERC-20 token. It describes itself as the first production-grade layer-2 Ethereum scaling solution and aims to let people move money and a variety of digital values on the blockchain faster, cheaper, and without compromising on security.