What is OM Coin (OMG Coin)?

According to the OKEx market data, what is OM Coin? OM is the token name of the

What is OM Coin (OMG Coin)?

According to the OKEx market data, what is OM Coin? OM is the token name of the Omise Network. Om has two main characteristics: first, it uses blockchain technology to facilitate the interaction between consensus protocols and smart contracts (operating on Bitcoin); second, it utilizes smart contracts to achieve decentralization in transactions. It also includes the omPay, a blockchain-based payment settlement system. As blockchain technology is publicly transparent, it allows for the collection of management fees to support payment services. The distribution of these fees is designed to make the operation more widely accepted.

What is OMG Coin?

OMG Coin is a cryptocurrency created using Bitcoin’s blockchain technology. According to coinmarketcap data, the price of OMG Coin has increased by over 1300% in the past week, rising from $0.01 to $0.049. According to bitinfocharts data, on January 8, 2017, the price of OMG was 0.055 USDT, a decrease of nearly 20% compared to its highest price of $0.077 in 2017. Since then, the price of OMG has risen by more than 30%. It is reported that this project has attracted global attention since 2019.

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