OmiseGO enables financial inclusion and interoperability through the public, decentralized OMG network.
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 fiat-backed issuers to fully decentralized blockchain tokens.
OmiseGO provides a next-generation value transfer service operating across currencies and asset types, and across national borders and corporate ledgers. Through the OmiseGO network, anyone will be able to conduct financial transactions such as payments, remittances, payroll deposit, B2B commerce, supplychain finance, loyalty programs, asset management and trading, and other on-demand services, in a completely decentralized and inexpensive way.
There is a fundamental coordination problem amongst payment processors, gateways, and financial institutions.
For instance, a customer of a bank wishes to pay a merchant on another network. Traditionally, there have been significant efforts in engineering around payment systems which are compatible across payment networks and financial institutions. These are usually constructed by creating a clearinghouse which manages the interchange, usually via a messaging network with either a central counterparty clearinghouse or nostro/vostro accounts. Examples include FedWire, CHIPS, SWIFT, consumer card payment networks, NSCC/DTCC, OCC, and ACH.
These networks service different roles and functions, including local/national payments, international payments, credit, equities/asset exchange, and derivatives. These centralized networks allow for the controlling entity to arbitrarily change the mechanisms, which result in significant amount of transaction costs via information costs, due diligence, and contractual enforcement between all parties.
The OMG network is a scaling solution for finance on Ethereum, enabling transparent, peer-to-peer transactions in real-time. The decentralized network facilitates self-sovereign financial services across geographies, asset classes and applications.
Build an app with our SDK to enable wallet-to-wallet transactions of crypto and fiat currencies, loyalty points, game credits and more.
Digital Asset Gateway
Use the OMG network to access, manage, and transact with digital assets that are kept securely on chain.
Offer a decentralized exchange mechanism to provide multi-asset and cross-chain interoperability, that is scalable and secure via proof-of-stake.
Secure and rapid transaction clearing with the use of Ethereum smart contracts and protocol consensus.
Through the open source, white-label SDK, digital wallet providers can connect to the public OMG network to enable users to transact any digital assets, including crypto and fiat currencies.
Bonding to the Ethereum blockchain creates secure token custody, decentralized exchange of all Ethereum assets, and ultra-secure transaction validation.
The Plasma architecture allows for unlimited scalability with unprecedented transaction speed: millions, and potentially billions of transactions per second.
Financial applications, such as wallets, will be able to interact seamlessly with one another via the OMG network. Users will also be able to trade assets from different blockchains protocols, like Bitcoin.
OMG is not owned by any central authority; it is controlled by users and validators (stakers) on the network. Through staking, token holders can validate transactions and earn fees. As the network gains value, so does the token.
|Round||Token Price||Bonus||Min / Max Purchase||Soft Cap||Hard Cap|
Public sale —
23 Jun 00:00 UTC
23 Jun 00:00 UTC
|0.35 USD||No||-||Uncapped||25,000,000 USD|
The implementation of the decentralized exchange is split across two phases.This phase will maintain a centralized service to provide order matching, but users will have custody of their funds with non-custodial order settlement on the OMG Plasma chain.
In the second phase we will fully decentralize the exchange by moving the order book and order matching into the Plasma chains and decentralizing the order matching process.