Omise will offer the sale of OMG (OmiseGO) tokens, allowing token holders the rights to earn fees for validating transactions on a special kind of Proof-of-Stake (PoS) network: one with a decentralized exchange built into the blockchain, consensus rules allowing deep interoperability with most other blockchains, including Ethereum and Bitcoin, and a novel way of providing network economic security.
0 USD (15,000 ETH)
Sale ends in: 78 days
OmiseGO is a public Ethereum-based financial technology for use in mainstream digital wallets, that enables real-time, peer-to-peer value exchange and payment services agnostically across jurisdictions and organizational silos, and across both fiat money and decentralized currencies. Designed to enable financial inclusion and disrupt existing institutions, access will be made available to everyone via the OmiseGO network and digital wallet framework, starting in Q4 2017.
No Bank Account Needed
Nationally-Licensed Full Reserves
Decentralized Fiat Token Custody
At OmiseGO, we believe that tokens are most useful when they are as widely distributed as possible. In the case of a permissionless proof-of-stake (PoS) network, especially one running a very economically valuable decentralized exchange trading both cryptocurrency and real-world money, a wide distribution is also critically important for network security. Unfortunately, not everyone has the time, opportunity, and technical proficiency necessary to get into the earliest moments of a token generating event. How then can a given token find its way into more hands?
In OMG’s case, 5% has already been set aside from the total issuance (see sale doc), ready to be distributed by an automatic airdrop. That is, today every address on the Ethereum blockchain that has a balance over a minimum threshold of 0.1 ETH will receive a share of this 5% that is proportionate to their share of ETH.
Token sales do take significant value out of ETH, often (but not always) without giving much back; a number of token projects present this problem in a significant way. Even though OmiseGO doesn’t, due to its unique economic construction, with this airdrop gesture we also wish to underline the topic of incentive alignment with the entire Ethereum community.
Through our history with Ethereum, we have done our best to encourage an approach of simultaneous generosity and conservativism. This approach has worked well for us, but it is by no means perfect for everyone. We acknowledge that many people who have wanted to be involved with our projects have been unable due to one reason or another.
Still, we believe that introducing to a few hundred thousand account holders the possibility of being PoS validators will ultimately make the network stronger, and we hope it will create interest in OmiseGO and its underlying mechanisms as a new, complimentary construction to Ethereum for chain scaling and interoperability.]
OmiseGO is the answer to a fundamental coordination problem amongst payment processors, gateways and financial institutions. By enabling decentralized exchange on a public blockchain at high volume and low cost, OmiseGO provides a next-generation value transfer service operating across currencies and asset types. Through the OmiseGO network connected to the Ethereum mainnet, anyone will be able to conduct financial transactions such as payments, remittances, payroll deposit, B2B commerce, supply-chain finance, loyalty programs, asset management and trading, and other on-demand services, in a completely decentralized and inexpensive way. Further, millions of mainstream users in the largest growing economies in the world will be enabled to make the transition from using fiat money to using decentralized currencies such as ETH, BTC, and others. The OmiseGO network is intrinsically agnostic between fiat and decentralized money: as far as adoption and usage go, the system is constructed so that the best currencies will win.
The OmiseGO Blockchain comprises a decentralized exchange, liquidity provider mechanism, clearinghouse messaging network, and asset-backed blockchain gateway. It is a scalable and totally public (permissionless) blockchain whose Proof-of-Stake consensus is bonded by the activities of the chain itself. The network is designed as a highly performant system leveraging interlinked blockchain construction: while clearing and settlement occurs over the OmiseGO blockchain, the costs of protecting transaction value is externalized to other chains in ways that directly promote the value of those chains.
The OmiseGO White-label Wallet SDK will allow a diversity of payment solutions to be easily deployed on the robust OmiseGO network. Digital wallet providers have the flexibility to enhance, add, and customize payment solutions for various industries and vertical markets. All transactions across digital wallet providers will be conducted on the OmiseGO network, and decentralized currencies can be traded freely alongside fiat money by all network users.
Omise has been a big believer in Ethereum and its family of technologies, contributing funding to the foundation's DEVGRANTS initiative in 2015, as well as funding the development of Raiden, the Ethereum version of Lightning Network. Our team also collaborated with many other exciting blockchain technologies including Hydrachain, Golem, Tendermint, and Cosmos. With OmiseGO, we look forward to continuing to give back in whatever way we can, so that we can all take best advantage of these new developments.
Founded in 2013, Omise is a venture-backed payments company operating in Thailand, Japan, Singapore, and Indonesia, with rapid expansion plans to neighboring countries across Asia-Pacific. In November 2016, Omise was featured on Forbes as Fintech Rockstar.
The secret behind the building of Omise’s success is our focus on understanding and addressing real business needs in an easy, integrated and secure manner. Leveraging our in-house expertise in the payment market and experience in implementation and commercialization of financial products, we believe OmiseGO has the potential to be a global standard for exchange and payments.
CEO / Founder
COO / Co-Founder
Lightning Network Co-Author
OmiseGO Principal Author
Founder of Ethereum
Proof-of-Stake Research: Scalability, Safety, Privacy
Dr. Gavin Wood
Co-Founder of Ethereum, Founder of Parity & Polkadot
Consensus Technology Research, Development and Utilization
Creator of Tendermint, and Cosmos Network
Proof-of-Stake Research - BFT Consensus, Speed, Interoperability
Casper (Ethereum) Research Lead
Proof-of-Stake Research: Economic Security, Consensus Protocols, Correct-by-Construction Protocols
eWASM (Ethereum Web Assembly) creator
Scalability research: eWASM, VM’s, microkernels
Founder of Golem
Decentralised Economics Enthusiast
Prof. David Lee Kuo Chuen
Professor of Quantitative Finance, Singapore University of Social Sciences
Financial Inclusion, Microfinance
Founder of LinkTime
Community Relations, Crypto-Business Advisor
CEO of bitcoin.com, First Major Backer of Earliest Crypto Startups
Decentralization Advisor, Human Rights Advocate