OMG Network (OMG) Trading Down 1.2% Over Last 7 Days

OMG Network (OMG) traded 6.9% higher against the US dollar during the 24 hour period ending at 20:00 PM Eastern on August 5th. One OMG Network coin can now be bought for about $2.35 or 0.00010095 BTC on popular exchanges. OMG Network has a total market cap of $329.62 million and $52.01 million worth of OMG Network was traded on exchanges in the last 24 hours. During the last week, OMG Network has traded 1.2% lower against the US dollar.

Here is how other cryptocurrencies have performed during the last 24 hours:

  • TDEX Token (TT) traded 1.2% lower against the dollar and now trades at $1.77 or 0.00007623 BTC.
  • Thunder Token (TT) traded 4.4% lower against the dollar and now trades at $0.0079 or 0.00000018 BTC.
  • ThunderCore (TT) traded 1.1% higher against the dollar and now trades at $0.0058 or 0.00000025 BTC.
  • Harvest Finance (FARM) traded 4.7% higher against the dollar and now trades at $56.17 or 0.00241278 BTC.
  • Mithril (MITH) traded up 1.1% against the dollar and now trades at $0.0293 or 0.00000126 BTC.
  • Raiden Network Token (RDN) traded up 9.3% against the dollar and now trades at $0.0707 or 0.00000304 BTC.
  • BOX (BOX) traded up 4.6% against the dollar and now trades at $0.0442 or 0.00000222 BTC.
  • BOX Token (BOX) traded flat against the dollar and now trades at $0.0349 or 0.00000121 BTC.
  • ROOBEE (ROOBEE) traded up 0.8% against the dollar and now trades at $0.0009 or 0.00000004 BTC.
  • Trillium (TT) traded down 4.6% against the dollar and now trades at $0.0001 or 0.00000001 BTC.

OMG Network Coin Profile

OMG Network is a proof-of-stake (PoS) coin that uses the ETH Token hashing algorithm. It launched on June 23rd, 2017. OMG Network’s total supply is 140,245,398 coins. OMG Network’s official website is omg.network. The Reddit community for OMG Network is https://reddit.com/r/OMGnetwork and the currency’s Github account can be viewed here. OMG Network’s official Twitter account is @omise_go and its Facebook page is accessible 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 buy alternative cryptocurrencies such as OMG Network directly using US dollars. Investors seeking to acquire OMG Network should first buy Bitcoin or Ethereum using an exchange that deals in US dollars such as Coinbase, Changelly or Gemini. Investors can then use their newly-acquired Bitcoin or Ethereum to buy OMG Network using one of the exchanges listed above.

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