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OmiseGo (OMG)
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OmiseGo ICO summary information

Conceptual Model

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.

Project Description

OmiseGO is building a decentralized exchange, liquidity provider mechanism, clearinghouse messaging network, and asset-backed blockchain gateway. OmiseGO is not owned by any single one party. Instead, it is an open distributed network of validators which enforce behavior of all participants. It uses the mechanism of a protocol token to create a proof-of-stake blockchain to enable enforcement of market activity amongst participants.Owning OMG tokens buys the right to validate this blockchain, within its consensus rules. Transaction fees on the network including payment, interchange, trading, and clearinghouse use, are given to non-faulty validators who enforce bonded contract states. The token will have value derived from the fees derived from this network, with the obligation/cost of providing validation to its users.Team:Jun Hasegawa: CEO, Founder. (Twitter);Donnie Harinsut: COO, Co-Founder. (Twitter);Wendell Davis: Product Design.Thomas Greco: Special Advisor.Vansa Chatikavanij: Managing Director.OmiseGO held its Pre-Sale on June 23, 2017, and raised $25,000,000 reaching the maximum cap in the first, and only day of the sale. A total of 91,299,754 OMG tokens were sold in the ICO. Below you can see the token reserve split.Token Reserve Split:5% Airdrop;20% Reserve;9.9% Team;There was no escrow, no bonuses or bounties. 

Founders and Associates

Jun Hasegawa -CEO / Founder

Donnie Harinsut -COO / Co-Founder

Wendell Davis -Product Development Lead

Thomas Greco -Special Advisor

Vansa Chatikavanij -Managing Director

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*Disclaimer: This data should not be taken as, and is not intended to provide, investment advice. Please conduct your own thorough research before investing in any cryptocurrency/cryptotoken or ICO.
OMG Latest Updates
February 17, 2017 08:22

Announcing the Omise GO ewallet platform

Omise GO is an ewallet platform for payments, cross-border remittances, rewards points, and much more. Powered by Ethereum, an advanced blockchain and smart contracts platform.

https://omg.omise.co/