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OMG Network price

(OMG)

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$9.39
+7.15%

Market stats

$1.3B

$598.2M

140.2M OMG

86 days

37% buy
63% sell

#41

About OMG Network

The OMG Network (formerly OmiseGO) is a value transfer network for Ethereum and any ERC-20 token. It describes itself as the first production-grade layer-2 Ethereum scaling solution and aims to let people move money and a variety of digital values on the blockchain faster, cheaper, and without compromising on security.

How it works

Formally known as OmiseGo, OMG is a layer-2 Ethereum scaling solution designed to be integrated into mainstream wallets. It works on top of the Ethereum blockchain to allow users to transfer Ethereum tokens faster and more cheaply than transferring them on the Ethereum blockchain directly.

OMG holders can also stake some of their tokens, which helps the network stay secure. When you stake some OMG, you earn a percentage of the overall fees that the OMG Network generates from end users.

Keep in mind

OMG claims to be “currency agnostic.” Fees remain the same no matter which currencies are and blockchains are involved in a given transaction. This feature could be particularly useful for payment processors and financial institutions.

Released: July 2017

OMG Network is on the rise this week.

The price of OMG Network has risen by 2.42% in the past 7 days. The price increased by 7.15% in the last 24 hours. In just the past hour, the price grew by 1.54%. The current price is $9.3922 per OMG. OMG Network is 66.87% below the all time high of $28.35.The current circulating supply is 140,245,398.245 OMG.

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