You can use our OMG calculator to check the exact amount of coins you will get after the exchange is complete.
OMG Foundation (OMG ) Crypto Exchange
Access the best OMG exchange rate on ChangeNOW and perform an instant conversion. No limits, accounts, or worries. Spend your time and energy on what matters — we’ll handle the rest.
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OMG market information
OMG Network Price for today is $1.75. Its current circulating supply is omg 140,245,398 with a market cap of $246,039,691.81.
PRICE
$ 1.75
MARKET CAP
$ 246,039,691.81
24h % PRICE
-1.88 %
24H VOLUME
$ 18,755,491.42
7d % PRICE
-3.82 %
COIN SUPPLY
140,245,398 OMG
What is OMG Foundation (OMG)
The OMG Foundation, previously known as OMG Network and OmiseGo, is a layer-2 scaling solution for Ethereum. It was founded in 2017 by, a Thailand-based fintech enthusiast, Vansa Chatikavanij. Currently, there is a team of over 50 people behind the project.
The core mechanism behind the project is called MoreViable Plasma (MoreVP): it groups several transactions off the Ethereum network to get them processed as one and then returns them for final validation. It helps decrease transactions’ duration and costs. In this case, OMG Foundation handles thousands of transactions per second and managed to reduce their cost by one-third. The cost is lower due to gas fees being paid for a group of transactions rather than each transaction separately. MoreVP also utilises the UTXO-based transaction model which helps prevent the double spending issue.
The decentralized security of the network is achieved with the help of the “Watchers” — a network of computers, supervising the block that produces nodes, an Operator. Any user can become a watcher monitoring the network. Currently, the OMG Foundation uses a Proof of Authority algorithm, however, it is planning to move to the Proof of Stake algorithm. Once that happens, the OMG token will not only be used for paying transaction fees but also as a staking mechanism.
The OMG Foundation is planning to launch a new token, BOBA, in November 2021. The said token will be used for governance and rewards on the Boba network, a layer-2 scaling solution for Ethereum.
How to Buy OMG
You can buy OMG on ChangeNOW with one of the 450+ crypto or 50+ fiat currencies by following the steps below:
Pick OMG as the “You get” currency above.
Choose crypto or fiat currency to buy OMG with.
Enter your OMG wallet address.
Send your deposit to a one-time address.
Receive your exchanged coins in approximately 5 mins!
How to Sell OMG
Swap OMG coins for one of the assets in our rich crypto selection by following the steps below:
Pick OMG as the “You Send” currency above.
Choose the asset you’d like to get for your OMG.
Enter the wallet address of the coin you’d like to get.
Send your deposit to a one-time address.
Receive your exchanged coins in approximately 5 mins!
OMG – USD Exchange
ChangeNOW provides for all your exchanging needs, even beyond crypto to crypto transactions, allowing you to buy or sell OMG with a bank account or a Visa/Mastercard credit card. This service also does not require registration even in the case of cashing out. With ChangeNOW you will get the best possible exchange rates, and only the required minimum amount of fees, such as network fees.
Why exchange OMG with ChangeNOW
- ChangeNOW is a non-custodial service, and we never control, store, or hold your funds in any way.
- Once you deposit your OMG at the address, your exchange is complete within minutes.
- We offer OMG Foundation exchange options along with a versatile range of other cryptocurrency assets to choose from.
- We don’t require you to sign up, remember passwords, or go through elaborate procedures to get what’s legitimately yours.
- We don’t believe in limiting you, your money, or your earning potential. Swap as much as you like – limits are not our thing.
OMG FAQ
You can use our services to exchange OMG for any of the 450+ cryptocurrencies available on our website. We do not require registration, have no limits for exchanges, and do not store your funds.
We offer two rate flows to purchase OMG with classic rate and fixed rate. Classic exchange rates may vary depending upon network fees, market rates, and other conditions, while fixed rate protects you from market fluctuations.
