[OMG] OmiseGO - Speculation & Discussion

[bct_ail]

I like the concept of OMG Network. Transaction with no fees. That is great. But you have to deposit ETH or ERC-20 Token before the Gas prices went up to the sky. So if you do it at the right time or have enough time for a deposit, you are well prepared avoiding high gas fees.

[Cyplyakox]

A post with instructions on how exchanges can integrate with the OMG network and how this integration can improve their performance and interaction with customers https://omg.network/how-to-integrate-with-omg-network/

[Shasha80]

One of the old coins that I still hold, because I believe in the potential of OMG. Indeed, after reaching an all time high in 2018
the price continued to fall. But entering 2020 the performance of OMG began to improve, even in August 2020 the price of OMG
can be pumped up to $ 6. Although now it's back down to $ 3. But I am still optimistic that in the near future the OMG price will
rise again, I even predict that the OMG price by the end of this year could reach $ 10.

[bct_ail]

I like the concept of OMG Network. Transaction with no fees. That is great. But you have to deposit ETH or ERC-20 Token before the Gas prices went up to the sky. So if you do it at the right time or have enough time for a deposit, you are well prepared avoiding high gas fees.

There are gas fees for all ERC-20 Tokens not just OMISEGO.

I mean there are no gas fees if you do one or more transaction "in" the OMG network. You have to pay a gas fee for depositing ERC20 into the OMG Network and you have to pay gas fee for withdrawal ERC20 out from the OMG Network, of course. At least that is how I understood it. Correct me if it is not right.

[Kopiev]

Video fragment of the webinar explaining how the OMG Network engine appeared Reddit community glasses
https://www.youtube.com/watch?v=njF1xEUsJM0&feature=youtu.be

[theskillzdatklls]

We've syndicated one of our OMG articles across our network to spread some more awareness Ever since the USDT partnership, things have looked really promising.

https://www.publish0x.com/bitcoin-news-blog-bitcoin-dice-casino-news/a-101-guide-to-omisego-omg-xnlmyjk

[mich]

It makes most sense for OMG to integrate with USDT becuase of all the transfers to the exchanges.

With most of these fees coming from ETH network, OMG is helping ETH network by lowering fees.

[theskillzdatklls]

It makes most sense for OMG to integrate with USDT becuase of all the transfers to the exchanges.

With most of these fees coming from ETH network, OMG is helping ETH network by lowering fees.

This seemed to help price action a lot and then it's since been forgotten about. But if the USDT partnership stays consistent, the fundamental value is the same. So what that ultimately means, I guess only time will tell.

[umityesil]

Omisego Coin Analysis.

https://bitcoinheat.com/2020/11/06/omisego-coin-analysis-omg-coin-price-omisego-chart-2020-omisego-value-omg-coin-news/

[Kopiev]

The OMG Network CBDC webinar will take place on November 12, discussing the topics of blockchain, central banks and cryptocurrencies https://twitter.com/omgnetworkhq/status/1326827717854187521?s=20

[krisnajsadrak]

just want to remind everyone who have Omisego on Stex exchange, because i got an email if this coin will be removed from stex

Dear STEX Trader,
We would like to inform you that the following projects will be totally removed from STEX.com Please, withdraw your funds before 10 December, 2020.

and Omisego in the lists of delisting coins from stex
thanks

[Branko]

If it can't shine during times like these, that fit exactly it's white paper, I guess it will never get attention

[jesselui]

At first, I thought it was a good project and wanted to enter 6.5 levels. I am glad I did not enter, the price has dropped a lot according to my expectation. It may be a good purchase price right now.

[Branko]

I guess they're not aggressive enough promoting it to exchanges...or maybe exchanges are actually happy with high gas fees (for more than one reason)

[bct_ail]

or maybe exchanges are actually happy with high gas fees (for more than one reason)

Why should exchanges be happy? They have less more income as long as they don't increase the withdrawl fees.

[Branko]

or maybe exchanges are actually happy with high gas fees (for more than one reason)

Why should exchanges be happy? They have less more income as long as they don't increase the withdrawl fees.

1st, there are less chances users will move coins off exchange to their own wallets, unless its huge amounts
so fees are actually negligible compared to overall amount of tokens. Most exchanges like it when you keep coins on
their wallet instead your own

2nd, many actually increased their own fees, hiding it behind "network congestion". Case in point, ETH withdrawal fee
is currently around 16USD (0.0093ETH) on one exchange, while USDT fee is 33 USDT on same exchange (and same
exchange could use USDT on OMG to lower fee...which it maybe do, and keep that money for themselves)