Swap OMG Network (OMG) Instantly

OMG Network began trading in July 2017 at less than a dollar. In parallel to the market rally, OMG Network price also climbed up the same year. On 08 January 2018, OMG Network price peaked at $28.35, but the celebrations didn’t last long as bears hit the market right after the all-time high. OMG Network price closed 2018 at $1.37 and in the next year, OMG price dropped further to $0.621. Though Q1 2020 took OMG Network price below 50 cents, OMG recovered in the second quarter. By July 2020, OMG Network price reached $1.51.

OMG Network price predictions for the long-term show a bullish trend. We may see OMG Network price to be anywhere between $17 - $28 by 2025. OMG Network price will be hitting new heights in 2030, still, it's too early to quote accurate figures. As more and more people use Decentralised exchanges to swap cryptocurrencies, OMG Network price will continue to rise.

OMG Network is a decentralized payment protocol developed by Omise, a popular payment services company in Asia. OMG Network was set up to provide access to financial services for the unbanked through cheaper and faster transactions. OMG Network is built on the Ethereum network and uses the Plasma architecture to achieve the scaling. OMG also built ODEX, a decentralized exchange for conducting crypto exchanges without any intermediaries.

Proof-of-Stake (PoS) is used as a consensus mechanism in OMG Network. OMG Network trades with the ticker OMG. The supply of OMG is limited to 140 million and issued through an ICO in 2017. OMG fuels the chain through transaction fees. OMG can be traded against other cryptocurrencies and also Burger King accepts OMG as a means of payment in Thailand.