OmiseGO (OMG)

cryptocurrency
platform
exchange
payments
eth token
#44

Marketcap Ranking

1.024826 (-0.99%) arrow_drop_down

Market Price (24h change)

143,727,172

Total Market Cap

3.2

3.3

info_outline What is OmiseGO

4.5

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Short Description

OmiseGO is building a decentralized exchange, liquidity provider mechanism, clearinghouse messaging network, and asset-backed blockchain gateway. OmiseGO is not owned by any single one party. Instead, it is an open distributed network of validators which enforce behavior of all participants

It uses the mechanism of a protocol token to create a proof-of-stake blockchain to enable enforcement of market activity amongst participants. This high-performant distributed network enforces exchange across asset classes, from . at-backed issuers to fully decentralized blockchain tokens (ERC-20 style and native cryptocurrencies). Unlike nearly all other decentralized exchange platforms, this allows for the decentralized exchange of other blockchains and between multiple blockchains directly without a trusted gateway token

Markets may be able to signi. cantly reduce spreads and encourage market assurance via decentralizing custody and increased transparency of market activity. This is achieved using smart contracts, protocol tokens enforcing correct market behavior of order book matching, a new construction of Ethereum bonded external enforcement of clearinghouse activity and commitments to historical exchange data for use with Ethereum smart contracts.

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Introduction Video

OmiseGo OMG Network | OMG Pool

OmiseGO is building a permissionless network of value: OMG Network. OMG Developer Program (ODP): https://developer.omisego.co Video by OMGPool (https://twitter.com/omg_pool) - Sign ...

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Screenshot from Website

omg.omise.co
OMG Websitemore_vert

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Website Informationclose

Organization: Omise Co., Ltd.
Name: Jun Hasegawa
Country:
City:
Zipcode:
Address:
Mail: abuse@namecheap.com
Creation date: 2013-05-21
Expiration date: 2020-05-20
Nameserver: venus.ns.cloudflare.com

attach_money Product Analysis

4.1

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Whitepaper

OmiseGO is building a decentralized exchange, liquidity provider mechanism, clearinghouse messaging network, and asset-backed blockchain gateway. OmiseGO is not owned by any single one party. Instead, it is an open distributed network of validators which enforce behavior of all participants.


The whitepaper of OmiseGO is 16 Pages long.

The most influencial keywords are: Network, Blockchains, Payments, Decentralized, Exchange, Execution, Contracts, Token, Activities, and Clearinghouse.

file_downloadOpen Whitepaper
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Close Competitors

  • 1.) eBitcoin

    eBitcoin Foundation is an unique cryptocurrency project driven by a global collaborative community with no private business agenda backing it.Know as the new kid on the block eBitcoin or eBTC token is the first of its kind. A Bitcoin ethereum hybrid that provides faster transactions with cheaper fees.

  • 2.) Bolenum

    Africa's largest crypto assets trading platform. Bridging the gap between traditional and digital assets. Offering trust, service & innovation.

  • 3.) NEM

    NEM is a cryptocurrency and blockchain platform for smart digital assets. Main new feature in NEM includes Proof of Importance (POI), new consensus algorithm, and smart asset system.

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Product analysis

OmiseGO was founded back in June 2017. Its source code was released publicly on github on November 2015 under the MIT License license.
Organization wise, OmiseGOs Development is Centralized and is being developed under the lead of Jeremy Lam.

The consensus on which the OmiseGO network is run is called PoS, while the underlying algorithm is called Ethash.
In the current state of OmiseGO currently is On-going development

group Community Analysis

4.1

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Communities & Events

At OmiseGO, we believe that having access to financial services can improve lives. OmiseGO is a technology first company whose mission is to enable people to securely access financial services, invest, exchange and spend digital assets anytime, anywhere through the OmiseGO platform. Our teams of experts offer tailored, technical consulting services and solutions to businesses seeking to transition into an increasingly digital economy.

view_list r/omise_go Subreddit
person 42,061 Subscribers
directions_run 226 Active Users
create 2 Daily Posts
speaker_notes 52 Daily Comments
linkOpen Subreddit

This is unofficial OmiseGo Telegram Group. https://omg.omise.co/

view_list Omise GO (Unofficial) Channel
person 7,578 Members
directions_run 322 Online
linkOpen in Telegram

Official Twitter account for OmiseGO

view_list @omise_go Channel
person 285,585 Followers
11.17.2019
11:30
.#OmiseGO is going to Jakarta for Indonesia Blockchain Week between Nov 18-24! You can also catch us speaking on blockchain for enterprise and representing #ETHBKK at #INBLOCKS2019 on 19-20. See you there 👋🏼 https://t.co/20Eb2mwbED 107 favorite
11.09.2019
11:38
Do you have a question for @MakerDAO and OmiseGO? For this month’s AMA we’re inviting MakerDAO to answer questions about (1) their partnership with OmiseGO, (2) their experience integrating on Samrong, (3) their November product launches and (4) what these mean for the ecosystem. 99 favorite
10.31.2019
05:58
What has changed in the #DeFi space since 2017? Is there much interest in this ecosystem anymore? Kasima answered these questions and more at the @OFFDevcon Dinner in #Osaka! https://t.co/jJ3Tw8aucu https://t.co/xKVnjAP4ZY 69 favorite
10.31.2019
00:47
"OmiseGO has added the Dai token to their test network, Samrong, and has enabled fee payments in #Dai." https://t.co/ROYgJATbhp 166 favorite
10.25.2019
09:39
Over the last week the OmiseGO team was busy strategizing, aligning, and preparing for implementation at our 2019 company workshop in Thailand. #Fintech #Blockchain #Plasma https://t.co/1tvArBQ3CU 129 favorite
10.24.2019
12:38
“As we upgrade Plasma, the #OmiseGO Network will be able to go beyond #P2P payments and transactions. An example would be the exchange functionality on the plasma chain.” - Pong C, Technical Product Manager, OmiseGO https://t.co/rQ8yNqxVok 129 favorite
10.18.2019
10:18
Over the past 2 weeks, we’ve continued to implement features for the #Ethereum & #Plasma integration. Deposit wallet pooling is now merged and two large pull requests, blockchain transaction refactor and #blockchain settings, are in the review phase. https://t.co/raxWM6O736 https://t.co/nQwQA7wS38 137 favorite
10.14.2019
06:51
"What is the status of Plasma and DEX?" Catch our CTO, Kasima, in an upfront interview conducted by @uptrennd here: https://t.co/dS89CxtnOQ #omisego #blockchain https://t.co/fKptUBz7DK 98 favorite
10.13.2019
01:51
#Blockchain Team Update #30. Here’s to integration, integration, integration! https://t.co/JJDsiqEVtg 88 favorite
10.12.2019
13:09
With #OmiseGO you're building on an unstoppable financial infrastructure that's fast, fair, and secure. Create #DeFi (decentralized finance) technology on the OmiseGO Network and leverage the power of our plasma architecture. https://t.co/xLkJLg2NAo 240 favorite

There are no events for OmiseGO in the next 3 Months

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Google Trends Analysis


The Google Trends chart displays the search interest on google in OmiseGO relative to its peak over the last year. A rising chart shows growing interest int he project.

code Development Analysis

2.0

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Github Analysis

Code Updates (Commits)


Every change to the codebase of OmiseGO is registered as a commit. More active projects have many commits, dead projects nearly none.

Code line changes (+/-)


Extending a project results in many new lines of code. Changing existing code results in nearly the same amount of additions and deletions. Projects that are growing show a large number of code additions with relatively few deletions.

Programming languages

Repository Numbers

star 154 Stars
remove_red_eye 66 Watchers
usb 37 Forks
sync_problem 2 Open Issues
border_color 0.2 % Comment Coverage
lock_open MIT License License

attach_money Price Analysis

4.2

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Price Prediction

$ 1.060352 (2.95%) arrow_drop_up

Predicted USD Market Price in 24h

$ 1.088977 (5.73%) arrow_drop_up

Predicted USD Market Price in 14d

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Converter OMG - USD

Convert between OMG and USD with the live OmiseGO prices, aggregated from all big exchanges that trade OmiseGO.


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Market insights

Volume from exchanges is considered untrusted if the exchange has little reputation and no License but reports suspiciously high trading volume in particular coins.

account_circle Team Analysis

4.8

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Team

Lead

Unknown -
It is not exactly clear who is the main driving force behind OmiseGO.


supervisor_accountSocial Network Links

Members (48)

launch

Jeremy Lam

Product lead at omisego

Frederico Araujo

Cio

launch

Jun Hasegawa

Ceo / founder

launch

Donnie Harinsut

Coo / co-founder

Wendell Davis

Product development lead

Thomas Greco

Special advisor

launch

Vansa Chatikavanij

Managing director

launch

Piotr Dobaczewski

Software engineer

launch

Paweł Peregud

Software engineer

remove_red_eye Product Review by Coinpaper

3.4

How things stand

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No scandal, but the Plasma network is not developed yet. This would be the key feature.
Possibly as a consequence they’ve hired a new CEO, called Vansa. There is almost no information available about her.
Vitalik Buterin (Ethereum) has helped developing the Plasma Technology. [1]

3.5

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Mainnet is still not available after two years. There are not many daily commits and a lot of these are one-line changes or refactoring (renaming of a word). [1]

2.5

Product description

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OmiseGo’s purpose is to build a user-friendly platform that interconnects payment platforms. Multiple Cryptocurrency companies have that goal but OmiseGo is in the making of a new technology called MinimalViable Plasma (a Blockchain on top of the Ethereum Blockchain), that would multiply the available throughput of transactions per second. [1]

3.5

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The technology is not fully developed yet and there are big obstacles to overcome. OmiseGo started the initial test of the alpha version on the testnet in February 2019.

3.4

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OmiseGo is part of the Omise company that was founded by Jun Hasegawa and Donnie Harinsut. A prominent advisor is Vitalik Buterin (Ethereum founder). [1]
Omise provides a payment gateway system in East Asia. [2]

4.3

Pro-Contra

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Decentralization Decentralized ERC-20 Token.
Exchange availability The coin is available on the major trusted exchanges.
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Security Bound to the Ethereum network or the Plasma technology, that’s not developed yet.
Adoption No known merchants or platforms use the utility token yet.
Transactions per second Bound to the Ethereum network or the Plasma technology, that’s not developed yet.
Transaction speed Bound to the Ethereum network or the Plasma technology, that’s not developed yet
Transaction cost Bound to the Ethereum network or the Plasma technology, that’s not developed yet.
Enery consumption Bound to the Ethereum network or the Plasma technology, that’s not developed yet.
Product availability Not available yet, and there seems not to be too much progress lately.
Privacy Bound to the Ethereum network or the Plasma technology, that’s not developed yet.

remove_red_eye Market Review by Coinpaper

3.4

Foresight

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The whole project depends on whether OmiseGo can finish the Plasma technology in time. It doesn’t look like the team will accomplish this task before another Cryptocurrency technology finishes it first.

3.0

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MinimalViable Plasma technology that makes cross-payment platform transfers available.
There’s also an exchange platform planned, called GO.Exchange.

3.0

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If the team builds the needed technology before other teams build theirs, they could potentially connect bank- and online transfers and work as a middleman platform.

4.8

Business

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Banking the unbanked is a purpose that very many Cryptocurrency Companies try to fulfill.

2.5

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OmiseGo might have an advantage through connections of the Omise company.

3.5

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The community of OmiseGo is big, as OMG was a hyped coin when it launched in September 2017.

3.8

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The best-known contributor to the MinimalViable Plasma Technology is/was Vitalik Buterin who founded Ethereum. CEO Jun Hasegawa was currently replaced by Vansa Chatikavanij. There is not much information available.

3.4

compare_arrows Exchanges

Markets

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# Exchange Pair Price 24h Volume Trusted
# 1 Binance OMG/BTC $ 1.023480 $ 531,069 check
# 2 Bitfinex OMG/USD $ 1.016300 $ 232,971 check
# 3 Binance OMG/USDT $ 1.022045 $ 193,042 check
# 4 Bitfinex OMG/BTC $ 1.025278 $ 186,319 check
# 5 Binance OMG/ETH $ 1.023657 $ 32,508 check
# 6 Bittrex OMG/BTC $ 1.029475 $ 9,334 check
# 7 Bittrex OMG/ETH $ 1.037553 $ 5,681 check
# 8 Binance OMG/BNB $ 1.023064 $ 3,915 check
# 9 Poloniex OMG/BTC $ 1.018255 $ 3,362 check
# 10 Bittrex OMG/USDT $ 1.017824 $ 2,645 check

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