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OMG Network (OMG)

OMG Network (OMG)

The price of OMG Network is $0.00, a 0.00% change over the last 7 days. Learn more about OMG Network’s price history, how it works, and how to invest.

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Updated: May 17, 2023
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Overview
Markets
Historical Data
Price Statistics
OMG Network price today
24h Change $0
24h Low $0
24h High $0
Market Cap $0
Trading Volume (24h) $0
Market Dominance 0%
Market Rank #
Circulating Supply 0
Max Supply -

OMG Network markets

Spot Derivatives OTC
# Source Pairs Price +2% Depth -2% Depth Volume Updated
1
BYDFi BYDFi
OMG/USDT $1.02 $20,087.50 $24,626.55 329,789 Recently
2
Tapbit Tapbit
OMG/USDT $1.02 $17,673.19 $17,965.29 599,438 Recently
3
Bibox Bibox
OMG/BTC $1.02 $56,999.49 $50,002.32 434,069 Recently
4
Bibox Bibox
OMG/USDT $1.02 $123,548.62 $124,843.85 1,334,190 Recently
5
HitBTC HitBTC
OMG/USDT $1.02 $403,090.09 $3,352.54 36,701 Recently
6
zondacrypto zondacrypto
OMG/PLN $1.04 - - 3,114 Recently
7
Bitay Bitay
OMG/USDT $1.02 $739.78 $1,095.91 81,423 Recently
8
HitBTC HitBTC
OMG/BTC $0.97349 $142,544.03 $735.56 0 Recently
9
OceanEx OceanEx
OMG/USDT $1.02 $37.03 $39.83 181,127 Recently
10
HitBTC HitBTC
OMG/ETH $1.04 $158,447.92 $684.46 0 Recently
1
CoinTiger CoinTiger
OMG/USDT $0.61790 - - 1,078,509 Recently
2
ZOOMEX ZOOMEX
OMG/USDT $1.02 - - 1,734,989 Recently
3
FameEX FameEX
OMG/USDT $1.02 - - 575,000 Recently
4
AlphaX AlphaX
OMG/USDT $1.02 - - 31,758 Recently
5
Hotcoin Global Hotcoin Global
OMG/USDT $1.02 - - 1,114,496 Recently
6
CoinCatch CoinCatch
OMG/USDT $1.02 - - 495,837 Recently
7
WEEX WEEX
OMG/USDT $1.02 - - 40,285 Recently
8
BYDFi BYDFi
OMG/USDT $1.02 - - 169,869 Recently
9
Flipster Flipster
OMG/USDT $1.02 - - 23,654 Recently
10
CoinEx CoinEx
OMG/USDT $1.02 - - 84,934 Recently
No data found
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About OMG Network

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Resources

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What is the OMG Network price today?

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The OMG price is currently $0.00. The price of OMG Network is 0.00% over the last 30 days. You can use the live OMG Network chart to track the OMG/USD price in real time above, or compare the OMG Network value today to its past performance using the OMG Network price history tab at the top of this page.

What is the total supply of OMG?

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The circulating supply is 0.00 OMG, out of a total maximum supply of 0.00 OMG.

What is the price prediction for OMG Network?

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The average OMG Network price prediction values the coin at $0.59 by the end of 2023. Things like the economic climate, and the crypto market as a whole can all have an impact on the price.

It’s best to take predictions with a grain of salt but you can use expert estimates to help you understand the weight of opinion about a coin.

What is OMG Network?

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The OMG Network is a platform for transferring money and assets online. It’s like Paypal built on the blockchain, somewhere you can send money seamlessly anywhere in the world.

Holders of the OMG cryptocurrency have the right to vote on governance issues and earn a percentage of the transaction fees.

How does OMG Network work?

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It works by batching transactions together and sending them all to be added to the blockchain simultaneously. It’s like a carpooling service, where combining these transactions into one batch reduces congestion, cost, and energy needed to perform them.

How is the OMG Network network secured?

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OMG is closely linked to the Ethereum network and uses a framework known as ‘Plasma’ to do much of the necessary work before adding the transactions to the main Ethereum blockchain.

It uses a proof of authority (PoA) consensus algorithm, which means a small group of trusted validators make the network efficient and secure by verifying transactions before adding them to the blockchain. OMG is planning to move to a proof of stake mechanism in the future.

What is OMG Network used for?

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Besides transferring funds easily on the blockchain, some of the other uses for OMG are things like offering financial services to the ‘unbanked’, and allowing them to send and receive money without needing one.

Why does OMG have value?

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The OMG network has value for several reasons, and its speed and cost are two of its most important features. The platform increases the number of transactions per second from 14 on Ethereum to up to 4000 using OMG, they cost 3x less, and the electricity demands are reduced by as much as 99%.

Who created OMG Network?

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Formed in 2017, the company behind it is OmiseGO, whose developers have been active in the Ethereum community from the very beginning. Its current CEO is Vansa Chatikavanij and its COO is Stephen McNamara, previously at Huawei Technologies as the head of blockchain research and development

Where can I buy OMG Network?

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You can buy OMG Network on a crypto exchange. An exchange is a marketplace that allows you to sign up, deposit your money, and buy some crypto, just as you would with a stock platform.

Most cryptocurrency brokers allow you to keep the coins you buy in your account. However, you may want to sign up for a dedicated crypto wallet for some extra security.

Are there any other ways to invest in OMG Network?

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The simplest way to invest in OMG Network is to buy it outright. However, another option is to simply open a crypto account. Crypto accounts are like regular bank accounts and allow you to store a variety of currencies, send and receive payments, earn interest on savings, and spend freely with a credit card.

You can also invest in crypto more generally through a crypto ETF or a crypto fund. These are financial instruments that give you exposure to a group of leading cryptocurrencies, more suited to high net worth individuals.

Are there any OMG Network alternatives?

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There are lots of OMG Network alternatives and you can find a selection of the best options below.

  • Ethereum. Ethereum is the second most popular cryptocurrency. 
  • Polkadot. Polkadot uses both proof of stake and proof of authority algorithms.
  • Polygon. Polygon lets users connect Ethereum-compatible blockchain networks.

More crypto guides

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FAQs

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Is OMG Network safe?
Has OMG Network been hacked?
James Knight
Editor of Education
James is the lead editor of education for Invezz. He's an avid trader and golfer, who spends an inordinate amount of time watching Leicester City and… read more.

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September 10, 2022

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