Fellow Coinstorers,
Coinstore will list OMG (OMG Network) and open OMG/USDT trading pair.
Details are as follows：
Total Supply: 140,245,399
Circulation Supply: 140,245,398
Official Website: https://omg.network/
Block Explorer: https://etherscan.io/token/0xd26114cd6EE289AccF82350c8d8487fedB8A0C07
Whitepaper Link: https://docs.omg.network/
Introduction:
OMG Network, formerly known as OmiseGo, is a non-custodial, layer-2 scaling solution built for the Ethereum blockchain. As an Ethereum scaling solution, OMG Network is designed to allow users to transfer ETH and ERC20 tokens significantly faster and cheaper than when transacting directly on the Ethereum network.
The network is based on a novel scaling solution called MoreViable Plasma, which uses a sidechain architecture to group several transactions off-chain into a batch, which can then be verified as a single transaction on the Ethereum root chain. According to OMG Network, this technology has the potential to scale Ethereum to thousands of transactions per second (TPS) — instead of the 10 to 14 tps Ethereum 1.0 is currently capable of.
The network is powered by the OMG utility token, which can be used as one of the payment methods for fees on the OMG Network, and will eventually be stakable — helping to secure the network in return for rewards.
Risk warning: Cryptocurrency trading is subject to high market risk. Please make your trades cautiously. Coinstore will make best efforts to choose high-quality coins, but will not be responsible for your trading losses.
Coinstore Team,
30 May, 2023
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