Omisego(OMG) - A Decentralized Bank, Exchange, and Asset-backed blockchain gateway.
- ERC20 Token
- Powered by Plasma
- Not Mineable
- Uses a proof-of-stake methodology for verifying transactions and adding blocks to the blockchain
- Backed by Omise, a payment service company (asset-backed)
- Plans to provide banking services to the unbanked (as a bank)
- Plans to facilitate unprecedented interchangeability between the many siloed legacy rails and decentralized blockchains ie. ability to send funds across networks (as an exchange)
- Ultimate goal to become a preeminent high-value exchange and settlement platform
- Proposed Use of OMG coin is for the development of the platform and to pay the transaction fee
- Partnership with McDonald's and Thai Government