OMG Network is a unique financial system based which allows ordinary digital wallets to enable instant, peer-to-peer transactions in real-time and facilitate financial services across geographies.Create OMG Wallet
What is OMG Network?
OMG Network works with many companies in different industries including banking, food, beverage, video games and allows them and individuals to securely offer, get access to a wide range of financial services, exchange, spend digital assets anywhere, anytime. Ethereum blockchain is the basis of the OMG Network, OMG token has been launched on the ERC-20 standard. OMG Network was created with a simple goal - to become a direct competitor to the traditional banks and payment systems such as Paypal.
OMG Network History
OMG Network was launched by Jun Hasegawa and Donnie Harinsut. It is one of the few projects built on the Ethereum blockchain that is openly supported by Ethereum founder Vitalik Buterin, Ethereum co-founder Gavin Wood, Vlad Zamfir (Ethereum developer) and Bitcoin.com founder Roger Ver, who participates in its development. The OMG team has decided to conduct an ICO and raised $25 million. This task was successfully achieved - the first $19 million was raised at the pre-ICO stage with the help of investors included such giants as SBI Investment, SMBC, and https://500.co. 65% of OMG tokens were sold at the ICO stage, another 5% were distributed during the Airdrop program, 20% reserved for the costs of implementing the roadmap, and the last 10% was reserved for team members and active project participants for 1 year.
OMG Network features
The OMG Network is a non-custodial, two-layer scaling solution for transferring value on Ethereum. It allows users to reduce the cost of transactions between entities by leveraging blockchain-based digital values, issue and manage loyalty points and rewards across partner networks and create digital financial services with third-party providers. The OMG Network allows users to access and manage, their digital assets that are supported by a decentralized watcher network and smart contract adjudicators. It also ensures to build apps, dApps, developer tools and much more. eWallet Suite OMG Network provides the ability to exchange any asset (fiat currency or digital token), regardless of its type or the blockchain it is based on. It is possible with the official eWallet Suite, where developers can easily create new digital wallets and integrate them into online stores. eWallet Suite is designed to integrate solutions and connect customers to a digital marketplace, its toolkit allows to track digital assets, manage fiat money and loyalty points, pay for goods and services. Companies can accept payments from customers within seconds, eWallet toolkit makes it possible to add and customize a variety of functions and services in accordance with the needs of a particular business sphere. It offers a convenient interface for integration with service providers such as Guarda Wallet using API to connect to an existing application or SDK to create a new one (wallet). Both server and mobile applications are supported on iOS, Android, and Ruby. eWallet Suite gives independent developers the opportunity for easy customization, account creation, token issuance, activity logs and much more.
Online OMG Wallet
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OMG Network for B2B
OMG Network opens up great opportunities for B2B. Businesses from different countries can transfer money in their local currency, no need to convert a national currency into the currency of other countries. Just imagine, that your partner sent Euros and you automatically receive US dollars on your account and no more conversion fees.
Decentralized exchange (DEX) is an important component of the platform’s ecosystem, which acts as a highly liquid market. DEX uses a special settlement system, which also facilitates the trading of various assets.
OMG Network usage
OMG Network blockchain has several advantages: Cryptocurrencies and fiat money exchanging without government financial system participation. Assets can be managed within the network, which can be used to send SMS in parallel with a transaction. Anyone can use the blockchain, since it does not require additional permissions. OMG Network blockchain is compatible with the Ethereum blockchain and Bitcoin blockchain. Its maximum throughput is not limited, users can expect to pay up to 90% lower fees than on Ethereum network. OMG Network technology is extensible for many use-cases, and interoperable to other infrastructures, with great UI/UX which makes integrations easy, allowing users to focus on optimizing application instead of spending time integrating it.
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