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OmiseGO Price

(OMG)

Note: This cryptocurrency has not yet been officially listed on KuCoin TR.

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    OMG(OMG) Profile

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    ATH
    28.3519001
    Price Change (1h)
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    Price Change (24h)
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    Price Change (7d)
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    Market Cap
    24h Volume
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    Circulating Supply
    140,245,398
    Max Supply
    140,245,399

    About OMG

    • How can I buy OmiseGO (OMG)?
      Buying OMG on KuCoin TR is fast and simple. Create an account, verify your identity, deposit funds, and start your trading. It's that simple! See How to Buy OmiseGO (OMG) for more information.
    • What Is OMG Network (OMG) Crypto?

      OMG Network (formerly OmiseGo) is a non-custodial, layer-2 scaling solution for Ethereum. It enables faster and more cost-effective transactions for ETH and ERC20 tokens. It addresses the scalability issues of Ethereum by allowing faster and more cost-effective transactions for both ETH and ERC20 tokens compared to direct transactions on the Ethereum network.

      OMG Network implements a groundbreaking scaling solution called MoreViable Plasma, utilizing a sidechain architecture. This innovative approach allows multiple transactions to be grouped off-chain into a batch, subsequently verified as a single transaction on the Ethereum root chain.

      By leveraging this technology, OMG Network aims to significantly enhance Ethereum's transaction processing capacity, potentially scaling it to thousands of transactions per second (TPS). This is a notable improvement over Ethereum 1.0, limited to 10 to 14 TPS.

      The utility token within the OMG Network ecosystem is $OMG. It is a payment method for network fees and can be staked to participate in the network's Proof-of-Stake (PoS) consensus mechanism.

    • How Does OMG Network Work?

      OMG Network, a layer-2 Ethereum scaling solution, offers faster, cost-effective transactions using MoreViable Plasma technology. Powered by the OMG utility token, users can stake and secure the network, earning rewards.

      This non-custodial platform addresses Ethereum's scalability challenges and improves digital asset transfers. Operating as a child chain, it utilizes smart contracts to interact with Ethereum.

      The core mechanism, known as "batching," increases throughput and reduces costs, processing thousands of transactions per second using Plasma technology.

    • History of OMG Network and OMG Coin

      The OMG Network, previously OmiseGo, was founded by entrepreneur Vansa Chatikavanij, an entrepreneur of Thai origin. It operates under SYNQA, a fintech firm formerly known as Omise Holdings.

      It secured $25 million in ICO funding in 2017 and later received $80 million in Series C funding from major firms. With its transformation and rebranding, OMG Network positions itself as a prominent layer-2 scaling solution for Ethereum, addressing scalability issues and fostering blockchain adoption by businesses.

    FAQ

    • Is OMG Network (OMG) a Good Investment?

      Considering adding $OMG to your crypto portfolio? Here are some compelling reasons to consider:

      OMG Network’s Layer-2 Scaling Technology

      OMG Network serves as a Layer-2 scaling solution for the Ethereum network. Its primary objective is to address Ethereum's scalability challenges by providing faster and more cost-effective transactions for both ETH and ERC-20 tokens. This can make it an attractive choice for investors looking for efficient blockchain solutions.

      Strategic Partnerships

      OMG Network has strategically partnered with other blockchain projects, including the Boba Network, an Ethereum Layer-2 optimistic roll-up platform. Collaborations like these can lead to enhanced capabilities and improved scalability, ultimately driving greater interest and adoption of the OMG Network. Partnerships often signal a project's potential for growth and development.

      Limited Supply of OMG Tokens

      OMG Network's native cryptocurrency, OMG, boasts a maximum supply limited to 140,245,399 coins. This limited supply can positively affect a cryptocurrency's long-term prospects. It may serve as a hedge against inflation and contribute to maintaining the OMG Network value over time, potentially making it an appealing investment.

    • What Is OMG Network Price Prediction?

      While making a precise OMG coin price prediction is challenging, several key factors can influence the price and volatility of the OMG cryptocurrency:

      Future Developments in the OMG Network Roadmap

      As a Layer-2 scaling solution for Ethereum, any advancements or updates to the OMG Network's technology can impact its price. Improvements in scalability, security, and user experience can attract more users and investors, positively affecting the value of OMG Network.

      Level of Adoption of OMG Network

      The level of adoption and real-world use cases for the OMG Network can significantly influence its token price. Increased usage for peer-to-peer asset transfers, payments, and financial applications can create demand for OMG tokens, potentially driving the OMG Network price.

      Level of Competition in Layer-2 Sector

      The cryptocurrency market is highly competitive, particularly in Ethereum scaling solutions. Competing projects with similar features can impact investor sentiment and the OMG to USD price.

      Overall Crypto Market Conditions

      Market sentiment plays a vital role in determining cryptocurrency prices, including OMG. Positive news, developments, and partnerships can create a bullish sentiment, increasing demand and the price of OMG. Conversely, negative news or regulatory concerns can lead to a bearish sentiment, causing a decline in OMG to USD price.

    • What Is OMG Token Used for?

      $OMG serves as the utility token for the OMG Network, offering several valuable use cases:

      Pay Transaction Fees on OMG Network

      When conducting transactions on the OMG Network, users must pay transaction fees. $OMG serves as the native currency within the OMG Network ecosystem.

      Enjoy a Gas Fee Subsidy

      The OMG Network is renowned for its reduced gas costs compared to the Ethereum network. To encourage wider adoption, the network employs a subsidy mechanism. Some of the transaction fees paid in OMG tokens are utilized to offset gas costs for users, alleviating the overall financial burden for network participants.

      Stake OMG Tokens

      Staking OMG tokens is a primary use case. Users can stake their $OMG tokens to become validator nodes on the OMG Network.

      Participate in the Governance of OMG Network

      OMG token holders can participate in critical decisions regarding network upgrades, protocol alterations, and other governance-related matters. Token holders play a role in shaping the network's evolution and future development.

      Trade or HODL OMG on KuCoin

      You can trade OMG Network cryptocurrency on the KuCoin Spot Market and other supported platforms. Whether you decide to buy, sell, or hold OMG tokens long-term depends on your assessment of the project's future potential. Prioritize conducting your research (DYOR) before making any crypto investment decisions.

    • What Is OMG Network Tokenomics?

      The OMG token (formerly OmiseGO) operates within a well-defined tokenomics model, encompassing its supply, initial coin offering (ICO), and unique mechanism to promote deflation and utility.

      OMG Total Supply

      The OMG token boasts a total supply of 140.2 million tokens. These tokens were initially released during the project's launch.

      OMG Network ICO

      The ICO for OMG occurred in June 2017. During this event, a substantial portion of the total supply—65% (140 million tokens)—was made available to investors at approximately 50 cents USD per token.

      Burn-and-Mint Equilibrium (BME) Model

      The OMG Network introduced the Burnt-and-Mint Equilibrium (BME) model to foster deflation and enhance utility. This innovative model allows artists to burn a specific quantity of OMG tokens. In return, they receive non-fungible work credits.

      These credits are subsequently distributed to node operators. This mechanism helps limit net emissions and contributes to the network's deflationary nature.

    • What is the all-time high price of OmiseGO (OMG)?

      The all-time high price of OmiseGO (OMG) is 28.35. The current price of OMG is down -- from its all-time high.

    • How much OmiseGO (OMG) is there in circulation?

      As of 8 23, 2025, there is currently 140,245,398 OMG in circulation. OMG has a maximum supply of 140,245,399.

    • How do I store OmiseGO (OMG)?

      You can store your OmiseGO in the custodial wallet of a cryptocurrency exchange without having to worry about managing your private keys. Other ways to store your OMG include using a self-custody wallet (on a web browser, mobile device, or desktop), a hardware wallet, a third-party crypto custody service, or a paper wallet.