OMG Network is a layer-2 scaling solution built for the Ethereum network. Formerly known as OmiseGo. Thanks to the OMG Network, users can perform faster and more cost-effective transactions on the Ethereum network with ETH and ERC20-based tokens. The native cryptocurrency of the platform is the OMG token. Detailed information about the what is OMG Network coin OMG and how does it work, how to buy it, what is the price, etc. is in the continuation of the article. You can browse here for information about CELO coin.
What is OMG Network coin (OMG) and how does it work?
OMG Network was founded by Thai-born Vansa Chatikavanij. OMG Network operates as a subsidiary of SYNQA, a Thailand-based financial technology company formerly known as Omise Holdings. OMG Network, formerly known as OmiseGo, is a no-custodial, layer two scaling solution built on the Ethereum blockchain. As an Ethereum scaling solution, OMG Network is designed to allow users to transfer ETH and ERC20 tokens significantly faster and cheaper than transferring directly on the Ethereum network.
The native cryptocurrency of the platform is the OMG token. OMG token raised $25 million with the ICO that took place in 2017. SYNQA has recently raised an additional $80 million in a series for OMG, in which major investors such as Toyota have participated. The maximum supply for OMG is set at 140 million 245 thousand 398 and all of this supply is in circulation.
How to get OMG Network Token? How much does OMG cost?
OMG Network Token can be purchased from listed cryptocurrency exchanges. However, the point to be noted here is; The exchange you trade in is reliable. It will be in the interest of investors to do a meticulous research on this subject.
As for the price of OMG, like every other cryptocurrency, the price of OMG shows ups and downs. As of 30.06.2021, the value of 1 OMG is around $4.24.
For information about crypto currency: https://en.wikipedia.org/wiki/Cryptocurrency