All about OMG, the utility token of OMG Network
Jun 07, 2023
OMG Network statistics
The OMG Network was developed with the aim of facilitating Ethereum network token transactions quickly and at a reduced cost compared to the fees charged by Ethe...
More about OMG, its price, and how to buy it
What is the meaning of the acronym OMG?
Launched in 2017, based on the Omise payment gateway, OmiseGO was created to be a liquidity provider network in decentralized finance. Its purpose was, and still is, to facilitate transfers of cryptoassets linked to the Ethereum network. The token was named OMG Coin. In June 2020, OmiseGO changed its name to OMG Network, keeping the acronym for its token as OMG.
What is the price/value of OMG token?
As of June 2022, the price of an OMG unit was approximately 2.01 USD, subject to market variations. The maximum token supply is approximately 140 billion OMG units and all of them have already been issued and are in circulation.
What are the future prospects for OMG?
The OMG token is linked to the OMG Network platform. Thus, in addition to traditional market factors such as supply and demand, the asset's performance relies on the network's functionalities and performance. The network has been expanding its services and creating new infrastructures that aim to further boost Ethereum token transactions by promoting greater scalability and reduced cost. For this, the token may appreciate in the future.
Where to buy and sell OMG?
OMG can be purchased on exchanges like Bitso. At Bitso, you can purchase OMG on our website or app. Just register on any of our platforms, make an initial deposit of 5 USD and convert it to OMG. Enjoy and check out other cryptoassets we offer. If you have any questions, our team of experts is here to help with whatever you need.