OMG Network (OMG) 1-Day Volume Tops $74.22 Million

OMG Network (OMG) traded up 6.6% against the U.S. dollar during the 1 day period ending at 9:00 AM ET on May 22nd. One OMG Network coin can now be bought for approximately $2.62 or 0.00008710 BTC on popular exchanges. During the last week, OMG Network has traded 2.5% higher against the U.S. dollar. OMG Network has a market capitalization of $368.11 million and $74.22 million worth of OMG Network was traded on exchanges in the last day.

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

  • Thunder Token (TT) traded down 4.4% against the dollar and now trades at $0.0079 or 0.00000018 BTC.
  • ThunderCore (TT) traded up 6.4% against the dollar and now trades at $0.0064 or 0.00000021 BTC.
  • Harvest Finance (FARM) traded up 0.1% against the dollar and now trades at $51.74 or 0.00171701 BTC.
  • Mithril (MITH) traded 4.2% higher against the dollar and now trades at $0.0176 or 0.00000059 BTC.
  • The Force Protocol (FOR) traded flat against the dollar and now trades at $0.0238 or 0.00000126 BTC.
  • Raiden Network Token (RDN) traded 2.4% lower against the dollar and now trades at $0.11 or 0.00000353 BTC.
  • ROOBEE (ROOBEE) traded up 0.8% against the dollar and now trades at $0.0018 or 0.00000006 BTC.
  • BOX Token (BOX) traded flat against the dollar and now trades at $0.0349 or 0.00000121 BTC.
  • ContentBox (BOX) traded 2.9% higher against the dollar and now trades at $0.0011 or 0.00000004 BTC.
  • CrowdWiz (WIZ) traded flat against the dollar and now trades at $0.34 or 0.00000745 BTC.

OMG Network Profile

OMG Network (CRYPTO:OMG) is a proof-of-stake (PoS) coin that uses the ETH Token hashing algorithm. Its genesis date was June 23rd, 2017. OMG Network’s total supply is 140,245,398 coins. The official website for OMG Network is omg.network. OMG Network’s official Twitter account is @omise_go and its Facebook page is accessible here. The Reddit community for OMG Network is https://reddit.com/r/OMGnetwork 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 that enforce the 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. OMG rebrand: OmiseGO Rebrands to OMG Network “

Buying and Selling OMG Network

It is usually not presently possible to purchase alternative cryptocurrencies such as OMG Network directly using US dollars. Investors seeking to acquire OMG Network should first purchase Bitcoin or Ethereum using an exchange that deals in US dollars such as Changelly, Gemini or GDAX. Investors can then use their newly-acquired Bitcoin or Ethereum to purchase OMG Network using one of the aforementioned exchanges.

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