Question 1

What is OMG Network (OMG)?

Accepted Answer

OMG Network (OMG) is a decentralized, public network designed to facilitate high throughput, low-cost peer-to-peer transactions. Leveraging Layer-2 Plasma architecture, OMG Network enables scalable, secure, and decentralized payment applications on the Ethereum Network. It allows users to transact value across different geographies, asset classes, and applications while securely managing and accessing digital assets stored on the blockchain.

Question 2

Who created OMG Network (OMG)?

Accepted Answer

OMG Network was founded by Jun Hasegawa and Ezra Don Harinsut in June 2013. Ezra Don Harinsut currently serves as the CEO of Omise Payment, a subsidiary of Omise Holdings, which encompasses Omise Payment, OmiseGo, and GO Exchange.

Question 3

What is $OMG used for?

Accepted Answer

$OMG is the native utility token of the OMG Network and serves various purposes within the ecosystem. Users can transact value on the network using $OMG, and it is used to pay transaction fees. The network supports a range of different tokens that users can use to pay fees, with the current fee structure linked to the gas price of ETH. The goal of the Community Points Engine (CPE) on the OMG Network is to enable communities to create scalable points and rewards systems in a trustless manner. The CPE utilizes the OMG Network as a high throughput settlement rail for community points transactions, enabling fast, fee-less, and secure ownership and transaction of community points with the security guarantee of the Ethereum blockchain.

**OMG rebrand:** [OmiseGO Rebrands to OMG Network](https://omg.network/omisego-omg-network-rebrand/)

#	Instrument	Exchange	Benchmark Score	Price	24h Change	24h Volume	24h Trades	24h Open	24h High
1	OMG-USD OMGUSD	kraken	AA	0.04761USD	-3.65%	96,823.48OMG	78	0.04941USD	0.05170USD
2	OMG-EUR OMGEUR	kraken	AA	0.04218EUR	-2.49%	4,760.57OMG	7	0.04326EUR	0.04326EUR
3	OMG-TRY OMGTRY	btcturk	E	2.38TRY	-5.06%	7,369,430.89OMG	1,713	2.51TRY	2.64TRY
4	OMG-USDT OMGUSDT	mexc	C	0.04856USDT	-3.32%	1,212,445.47OMG	3,138	0.05023USDT	0.05322USDT
5	OMG-USDT OMGUSDT	btcturk	E	0.04810USDT	-3.99%	816,477.62OMG	159	0.05010USDT	0.05320USDT
6	OMG-BTC OMGBTC	mexc	C	0.0₆5931BTC	-0.62%	219,088.84OMG	1,444	0.0₆5968BTC	0.0₆6451BTC
7	OMG-JPY omg_jpy	bitbank	C	7.33JPY	-8.26%	100,317.90OMG	146	7.99JPY	8.41JPY
8	OMG-EUR OMGEUR	bit2me	B	0.04218EUR	-2.49%	4,760.57OMG	7	0.04326EUR	0.04326EUR
9	OMG-AUD OMG-AUD	btcmarkets	C	0.07000AUD	0.00%	0OMG	0	0.07000AUD	0.07000AUD
10	OMG-USDT OMGUSDT	latoken	D	0.1041USDT	0.00%	0OMG	0	0.1041USDT	0.1041USDT
11	OMG-INR OMGINR	bitbns	-	10.00INR	0.00%	0OMG	0	10.00INR	10.00INR
12	OMG-USDT OMG_USDT	poloniex	C	0.04110USDT	0.00%	0OMG	0	0.04110USDT	0.04110USDT
13	OMG-USDT OMGUSDT	hitbtc	E	0.03800USDT	0.00%	0OMG	0	0.03800USDT	0.03800USDT
14	OMG-USDT OMGUSDT	bequant	C	0.03800USDT	0.00%	0OMG	0	0.03800USDT	0.03800USDT
15	OMG-INR OMG_INR	unocoin	-	3.00INR	0.00%	0OMG	0	3.00INR	3.00INR
16	OMG-BTC OMGBTC	hitbtc	E	0.0₆3700BTC	0.00%	0OMG	0	0.0₆3700BTC	0.0₆3700BTC
17	OMG-BTC OMGBTC	bequant	C	0.0₆3700BTC	0.00%	0OMG	0	0.0₆3700BTC	0.0₆3700BTC
18	OMG-USDC OMGUSDC	hitbtc	E	0.001000USDC	0.00%	0OMG	0	0.001000USDC	0.001000USDC
19	OMG-USDT OMGUSDT	bitbns	-	0.7500USDT	0.00%	0OMG	0	0.7500USDT	0.7500USDT