Name: OMG Network
Brand: Binance
Price: 0.08 BHD
Availability: InStock

Price of OMG Network Today

The live price of OMG Network is $0.079264 per (OMG / USD) with a current market cap of $11.12M USD. 24-hour trading volume is $1.80M USD. OMG to USD price is updated in real-time. OMG Network is -0.24% in the last 24 hours with a circulating supply of 140.25M.

OMG Price History USD

Date Comparison	Amount Change	% Change
Today	$-0.000193	-0.24%
30 Days	$0.000971	+1.24%
60 Days	$-0.01199	-13.14%
90 Days	$-0.057801	-42.17%

OMG Network Chart Performance

24h Low & High

Low: $0.078504

High: $0.084276

The highest and lowest price paid for this asset in 24 hours.

All Time High

$28.35

The highest price paid for this asset since it was launched or listed.

Price Change (1h)

+0.09%

The percentage change in price for this asset compared to 1 hour ago.

Price Change (24h)

-0.24%

The percentage change in price for this asset compared to 24 hours ago.

Price Change (7d)

-4.64%

The percentage change in price for this asset compared to 7 days ago.

24h Low & High

Low: $0.078504

High: $0.084276

All Time High

$28.35

Price Change (1h)

+0.09%

Price Change (24h)

-0.24%

Price Change (7d)

-4.64%

About OMG Network

OMG Network, formerly known as OmiseGO, is a decentralized project that seeks to enhancing digital payment systems by facilitating communication and interoperable functionality among various networks and digital assets.

The Thailand-based Omise Blockchain Lab was formed in 2015 to explore how blockchain technology could enhance the business model of Omise, the parent payment processor company established in 2013. The official project white paper was completed in 2017, with highly technical concepts describing the multi-faceted operations within the OMG Network (then OmiseGo).

After a great deal of development, e-wallets were created and introduced to facilitate interoperability. The OMG testnet was then launched in 2020.

While the OMG Network operates on its own independent blockchain in order to transfer and present assets to the decentralized environment for use or transfer in real time, it also runs on the Ethereum network. This means assets on the OMG network can be backed by native ERC20 cryptocurrency, Ether (ETH), in order to be traded.

OMG is the native cryptocurrency of the OMG Network. OMG price is updated and available in real time on Binance.

People Also Ask: Other Questions About OMG Network

What Does OMG Stand For?

OMG stands for OmiseGo, the original name of the cryptocurrency project. OmiseGo was rebranded as the OMG Network in June 2020.

What is the OMG Network Used For?

The OMG Network is used to enable both off-chain and on-chain networks to introduce assets through the network in order to establish, transfer and / or trade with assets from networks with which they would otherwise not be able to interact.

The OMG Network is therefore positioned as an intermediary through which multiple networks can interact with one another using the OMG cryptocurrency as their common point of communication and conversion. The network accomplishes this by establishing e-wallets for participating networks in order to facilitate interaction among them. This helps the OMG Network to fulfill its original vision of enhancing digital payment ability for its parent company, as well as other networks.

How Do Network Consensus and Validation Work on the OMG Network?

The OMG Network runs on of a proof–of-stake (PoS) consensus model in order to support the movement of assets to and from e-wallets without the need to grant permissions. Additionally, the OMG Network has a built-in trading engine that empowers e-wallet providers to match orders with others seeking to trade certain assets.

Who is the OMG Network Founder?

The OMG Network was founded by its parent company, the Thailand-based Omise Ltd, in 2015. The original name of the network was OmiseGo.

What is the Maximum Token Supply of OMG?

There are a total of 140,245,398 OMG tokens. The total supply is currently in active circulation.

What Makes the OMG Network Different From Others?

The OMG Network was able to secure prominent partnerships earlier in its history. Partnerships with the likes of McDonald’s and AliPay have led the network to attract the attention and participation of other major investors.

How To Buy OMG?

OMG can be purchased directly from Binance using a debit or credit card. It can also be traded for other cryptocurrencies on the Binance exchange. Live OMG price is updated in real time on Binance. OMG price and purchase instructions are available on Binance’s How to Buy OMG token page.