What Is OMG Network: How to Buy and Sell OmiseGo?

OmiseGo (OMG), an Ethereum-based project launched in 2017, is not just another cryptocurrency but an innovative financial technology platform aiming to revolutionize the way transactions occur. It’s distinguished by its open-source eWallet software development kit (SDK), which allows businesses to create customized payment and wallet applications. As such, OMG token becomes a universal digital asset gateway, supporting transactions of various crypto and fiat currencies.

Moreover, Its unique advantage lies in its mission to democratize financial transactions, making them more accessible, faster, and cheaper for all, especially the underbanked populations. Furthermore, OMG’s interoperability and scalability, supported by Ethereum’s advanced smart contract infrastructure and its own proprietary layer-2 scaling solution, ensure it can handle significantly larger transactions per second than traditional blockchain networks. The token operates under a fixed-supply model, with 140,245,398 OMG tokens minted at its inception. The article also provides straightforward steps to buy, sell, deposit, and withdraw OMG tokens. Overall, the OMG token is a digital asset and an inclusive, interoperable, and scalable platform, transforming the perspective on financial transactions and inclusion.

What’s the OMG token?

In the ever-evolving world of cryptocurrencies, OmiseGo (OMG) stands out. Launched in 2017 by the Omise company, OMG is an Ethereum-based project designed to facilitate fast, secure, and low-cost transactions. But there’s a twist: it aims to achieve these goals across traditional financial and decentralized networks. OmiseGo is more than just a cryptocurrency; it’s a groundbreaking financial technology platform.

What distinguishes OMG from others is its open-source, white-label eWallet software development kit (SDK). This kit allows businesses to build their customized payment and wallet applications, thus providing an entry point to the OmiseGo network. With such an integration, businesses can facilitate multiple transaction types, be it crypto or fiat currencies, making OmiseGo a universal digital asset gateway.

Notably, OmiseGo utilizes the Ethereum network to run its operations. It underscores the use of Ethereum’s advanced smart contract infrastructure to enable a decentralized exchange (DEX) mechanism. This infrastructure and its proprietary layer-2 scaling solution, the OMG Network, create a promising platform for seamless digital asset transactions.


The primary advantage of OmiseGo is its mission to “unbank the banked.” It strives to make financial transactions more accessible, faster, and cheaper, even for individuals without access to traditional banking services. This democratizing financial access is a significant leap towards financial inclusion, particularly for unbanked and underbanked populations globally.

Moreover, OmiseGo’s interoperability presents a unique advantage. As a universal transaction gateway, it supports crypto and fiat currencies. This broad-based compatibility allows businesses to accept various payment types, enhancing their global reach.

Another strength of OmiseGo lies in its scalability. Leveraging Plasma architecture, a layer-2 scaling solution, OmiseGo can handle a significantly larger number of transactions per second than traditional blockchain networks. This means faster, cheaper transactions, a definite win in any financial setting.

Total Supply

As for the total supply, OMG operates under a fixed-supply token model. When it was launched, 140,245,398 OMG tokens were minted, and no more will ever be created. This fixed supply can appeal to investors, as scarcity could lead to an increase in value over time.

However, it’s essential to note that not all of these tokens are in circulation. The founders and the team behind OmiseGo retained a portion of the tokens. Still, the transparency of blockchain technology allows anyone to verify the total supply and circulation at any time.

In conclusion, OMG is a unique crypto project, designed with inclusivity, interoperability, and scalability in mind. It’s not just another digital asset; it’s a whole new perspective on financial transactions and inclusion.

How to buy OMG?

You can purchase OMG Network tokens for ETH in three simple steps:

  1. Fund your account with ETH. You can purchase ETH with a bank card in a few minutes.
  2. Open OMG/ETH and place your trade order to buy. Use this instruction if you don’t know how to place a trade order.
  3. Withdraw OMG to your personal Ethereum wallet or hold.

How to sell OMG?

To sell OMG Network tokens for ETH, follow three steps:

  1. Deposit $OMG on your account.
  2. Open OMG/ETH order book, and place your trade order to sell. Read the instruction if you don’t know how to place a trade order.
  3. Withdraw ETH to your personal Ethereum wallet or hold them on your account.

How to deposit OMG?

To deposit OMG Network tokens to your Tokpie account at no cost, follow this guide. Note: Tokpie doesn’t charge any fees for depositing.

How to withdraw OMG?

To withdraw OMG Network tokens from your Tokpie account, use this instruction. Also, you must have an eth compatible wallet address to withdraw $OMG. Additionally, check the withdrawal commission.

Useful Links

Block Explorer: https://etherscan.io/token/0xd26114cd6EE289AccF82350c8d8487fedB8A0C0.

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