What is OmniseGO? | Beginner's Guide
OmiseGO is an Ethereum-based financial technology company offering a decentralized exchange (a blockchain) and a payments platform (a wallet).
What is OmniseGO? | Beginner's Guide
Website: https://omisego.network/Github: https://github.com/omise/omise-go
OmiseGO builds a decentralized stock exchange, financial technology for use in mainstream digital wallets. That technology allows for real-time payments. It promises to work “agnostically” across jurisdictions and organizational silos, and across both fiat money and decentralized currencies. The project itself is set up in a rather interesting way. OmiseGO uses public Ethereum-based financial technology so it can be used in traditional digital wallets. The team aims to enable real-time P2P value exchanges and payment services.
OmiseGO carried out their ICO on June 23, 2017, sold tokens for the equivalent of $ 25 million. Their price therefore reached USD 0.23 per piece. The ICO has been divided into public and private parts. In the public part, all interested parties could acquire 65.1% of OMG tokens, and 5% were distributed through airdrop to Ethereum holders. In the private part, 20% of tokens were placed as a financial reserve for future operations of the Omisego team. In addition, project developers received 9.9% of all tokens, which were, however, available to them only after one year from ICO (June 24, 2018).
The following graphic shows the structure of expenses and their percentage share in the total project costs. As we can see, almost three-quarters of the funds are allocated to employee payments.
