OmiseGO (OMG) Reaches One Day Trading Volume of $46.53 Million

OmiseGO (CURRENCY:OMG) traded down 2.5% against the U.S. dollar during the 1 day period ending at 13:00 PM E.T. on January 29th. During the last seven days, OmiseGO has traded 7.8% higher against the U.S. dollar. One OmiseGO token can currently be bought for $16.51 or 0.00147314 BTC on popular exchanges including EtherDelta, Kucoin, Huobi and Coinnest. OmiseGO has a market capitalization of $1.69 billion and approximately $46.53 million worth of OmiseGO was traded on exchanges in the last day.

Here is how related cryptocurrencies have performed during the last day:

  • Ardor (ARDR) traded 5.8% lower against the dollar and now trades at $0.95 or 0.00008437 BTC.
  • Raiden Network Token (RDN) traded 9% lower against the dollar and now trades at $4.71 or 0.00042012 BTC.
  • Quantum Resistant Ledger (QRL) traded 4.4% lower against the dollar and now trades at $2.15 or 0.00019142 BTC.
  • ION (ION) traded 11.1% lower against the dollar and now trades at $5.02 or 0.00044800 BTC.
  • DECENT (DCT) traded 7% lower against the dollar and now trades at $1.68 or 0.00014996 BTC.
  • DigiCube (CUBE) traded 14.2% higher against the dollar and now trades at $0.0004 or 0.00000004 BTC.
  • PostCoin (POST) traded down 10.7% against the dollar and now trades at $0.0437 or 0.00000389 BTC.

OmiseGO Profile

OmiseGO uses the hashing algorithm. It was first traded on July 6th, 2017. OmiseGO’s total supply is 140,245,398 tokens and its circulating supply is 102,042,552 tokens. OmiseGO’s official Twitter account is @omise_go. The official website for OmiseGO is omg.omise.co. The Reddit community for OmiseGO is /r/omise_go and the currency’s Github account can be viewed here.

According to CryptoCompare, “OmiseGO is building a decentralized exchange, liquidity provider mechanism, clearinghouse messaging network, and asset-backed blockchain gateway. OmiseGO is not owned by any single one party. Instead, it is an open distributed network of validators which enforce behavior of all participants. It uses the mechanism of a protocol token to create a proof-of-stake blockchain to enable enforcement of market activity amongst participants. Owning OMG tokens buys the right to validate this blockchain, within its consensus rules. Transaction fees on the network including payment, interchange, trading, and clearinghouse use, are given to non-faulty validators who enforce bonded contract states. The token will have value derived from the fees derived from this network, with the obligation/cost of providing validation to its users. “

Buying and Selling OmiseGO

OmiseGO can be traded on the following cryptocurrency exchanges: BigONE, Bit-Z, Coinbene, BX Thailand, HitBTC, Liqui, EtherDelta, Upbit, Poloniex, Bancor Network, Kucoin, Bitfinex, ChaoEX, Exrates, Cobinhood, TDAX, Coinrail, Mercatox, Cryptopia, OKEx, Livecoin, Binance, Bittrex, Radar Relay, AEX, COSS, Huobi, Gate.io and Coinnest. It is not presently possible to purchase OmiseGO directly using US dollars. Investors seeking to trade OmiseGO must first purchase Ethereum or Bitcoin using an exchange that deals in US dollars such as Coinbase, Gemini or GDAX. Investors can then use their newly-acquired Ethereum or Bitcoin to purchase OmiseGO using one of the aforementioned exchanges.

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