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Alternate cryptocurrencies => Altcoin Discussion => Topic started by: puremage111 on September 28, 2017, 02:44:19 PM



Title: What is omisego actually about?
Post by: puremage111 on September 28, 2017, 02:44:19 PM
As the hype is just goes real as they have several partnership time by time

But what does Omisego actually provide? Can i call it a "Payment service provider?"

Then, whats the benefit of Omisego token holder?


Title: Re: What is omisego actually about?
Post by: PowerfulGuerilla on September 28, 2017, 03:37:27 PM
As the hype is just goes real as they have several partnership time by time

But what does Omisego actually provide? Can i call it a "Payment service provider?"

Then, whats the benefit of Omisego token holder?

I'd say Omise could partially be called as a payment provider, but OmiseGO is more a blockchain-based financial management technology.
The benefit of being OmiseGO token holder comes from managing its PoS network in the form of rewards, meaning the more financial operations will be on the OmiseGO blockchain, the more rewards the OMG token holders will get. Besides, the major share of OMG tokens will be distributed to investors.



Title: Re: What is omisego actually about?
Post by: fatlever on September 28, 2017, 04:08:20 PM
As the hype is just goes real as they have several partnership time by time

But what does Omisego actually provide? Can i call it a "Payment service provider?"

Then, whats the benefit of Omisego token holder?

Staking your tokens to validate on a hopefully huge financial services network with tons of transactions, eventually coins on their own chain.  I think the coins are required to be at the address for a certain time to qualify for staking and they have yet to release how long and how many coins minimum are required for staking.  They have to move to their own chain, have a platform, etc.  

Aged and large OMG so most people won't qualify.  The price is pumped and will continue to pump because it's an real financial services company with an real use case.  But made 4X what I paid for it, sold, I am sure it'll pump a lot but can't be sure when people will wise up, I myself can't justify those valuations.