We are beyond excited to announce that you can now trade OmiseGO (OMG) on CoinMetro’s GO! Platform.
The ERC-20 token, meaning that it is Ethereum-based, will be used to power OmiseGO’s ecosystem for peer-to-peer (P2P) transactions. Backed by crypto legend and Ethereum creator Vitalik Buterin, who was one of the project’s official advisors, the project made big waves in the crypto world since launching their ICO in July 2017.
But before diving into any coin stats or trading info, let’s take a look at what OMG does and why our team is over the moon about making this incredible asset available to the CoinMetro community.
Simply put, but not so simply executed, OmiseGO’s founders wanted to create a decentralized exchange ecosystem. The network would not only accommodate the exchange of digital assets and fiat currencies, but it would offer instant and low-cost transactions.
The OmiseGO ecosystem hinges on the success of their Plasma proof-of-stake network, which was recently made available to the public for Alpha testing. While still in the early stages, the OmiseGO network was able to accommodate a peak volume of 2,700 transactions per second.
If that sounds impressive to you, it’s because it is.
*Last updated: June 17, 2019
The concept and Alpha version of OmiseGO is promising. User-friendly payment services are a niche in high demand, and the network’s pending partnerships with government bodies and financial institutions, including Mitsubishi UFJ Financial Group (MUFG), are likely to contribute to the long-term stability of the OMG token.
You can trade OMG on one of CoinMetro’s three exchange modes depending on how comfortable you are with crypto trading. For newbies, we recommend our Simplex trading mode, which guides you through the easy 5-step process buying or selling OMG.
Seasoned crypto asset holders can use our Intermediate or Trade modes, which give you more detailed stats should you need them. For day traders or data enthusiasts who want to dig candles and indicators, these are right up your alley.
In addition to offering one of the lowest exchange fees in the industry, CoinMetro is a fully licensed financial institution based in the European Union. Moving crypto forward is our motto, which is why we take a proactive approach to compliance and industry regulations, including KYC/AML procedures.
Serious stuff aside, there’s also plenty in it for you in the short term.
Not only is CoinMetro free, but you’ll get 20 XCM as soon as you complete our KYC check. In case you didn’t know, XCM or COIN is the utility token used to power trades within the CoinMetro ecosystem. Holders also get discounted exchange fees, which you can read more about here.
Free tokens and these reasons aside, CoinMetro offers a solid Ambassador Program which is, objectively speaking, is the best we’ve seen in the crypto sphere. CoinMetro Ambassadors collect not only from direct referrals but also from their referrals’ referrals twice over. There is also an Ambassador-exclusive monthly raffle, so plenty of incentives to keep your wallet healthy.
Sign up now and check it out for yourself.
The CoinMetro Team