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What is OmiseGo (OMG) in a Nutshell

104 901 views | 21 Aug. 2017

OmiseGo OMG Summary:

OmiseGo OMG Summary: http://boxmining.com/omisego/

OmiseGo is a decentralized exchange and wallet blockchain focused on banking for the unbanked.

0:23 Who is behind Omise

1:35 What is OmiseGo

3:25 Examples of use

5:43 Omise Go (OMG) Token

6:02 Current State of Omise Go

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Doc Mojo

Great video as always Michael! I found this older video of yours while doing some research into OMG after it's jumped 20% in the last 24 hours due to the new exchange they've announced. Do you have any updated opinions on this? Are they still uncommunicative and not delivering as much as they should be in your opinion? Many thanks in advance!

taranvir singh dhillon

what is difference between xlm and omg?.in the sense that both allow u to transfer funds and also act as a decentralised exchange


this government collusion/dependence is a big backdraw for this coin. its against the spirit of an autonomous system

Andy Peterson

Where / how do I buy this new fancy pantsy coin?

Marlon Licup

can blockchain be hacked?? Can bit connect be hacked??

Rudy Geiger

Hi fantastic video on OMG. A question for you does OMG and the pillar project do the same thing.

tyler william

is there something like this available for americans? @boxmining


You really have a perfectly clear and unbiased way of explaining cryptos for us. Thank you man! must donate

hasanain zainy

Hey what is the limit cashing from ATM and does it support litecoin bitecoon, when is debid card launching


Who's watching in early 2018? OMG is now 14€ ~ 17$
Prediction early 2019? 50€ ~58$

Wilhelm Otto Dusseldorf

Omisego, Walton, Neo; I'd like to invest a lot in all of these projects but I only have a small amount in Neo and Walton with the rest tied up in other cryptos. Damn. #FOMO!

Franklin Caraballo

How do people without bank accounts transfer their money into crypto? Are there any cash market exchanges?

Alberto Ruiz

Hi Michael thankyou for all you do.
Can you please explain the difference between what OMG is setting out to do and TENX. And do you believe that either one of these two companies will be the dominant long term player?

Daniel Stojanovski





Seems like TenX makes OmiseGo obsolete, doesn't it?

Tom Fazio

It's this what ripple promises too? What's the difference?

Loi Nguyen

Have you heard of METAL? $MTL is the closest competitor to OMG. They too emphasize on banking the unbanked, however they are focused on the US markets and the cannabis industry. They are essentially a crypto bank account that is fdic insured (only one at the moment), partnerships with 3 US banks, agreements with 140 pot clubs, already in alpha (open beta in few weeks) will be live before end of year. Very similar features to OMG but they offer 5% of the transaction back to both buyer and merchant (called PoPP). With only 200 mill market cap at the moment it has room to grow! https://www.metalpay.com/ https://www.reddit.com/r/MetalPay/
Show less

Darcy Cardinal

Outside of SE Asia, what are the expansion possibilities? I'll have to check out the white paper.

Alberto Ruiz

Will OMG offer a passive income based on the number of transactions volume same as TenX?

B. Alvn

Nice job here too...you rock bro!


Maybe a dumb question but why do crypto's (let's say bitcoin) need a platform like omisego to transfer value between countries? I thought that was one of the main ideas of bitcoin on its own

Hoang Le

Did you read the whitepaper? How can you missed the exchange part?

Neef Pratt

Do we know if OmiseGo are still going to Airdrop free coins to existing Ethereum holders?


But what do I actually use OMG, the coin, for? What gives the coin value?


What OmiseGo can do that ETH can't? I mean I can send money to everyone in the world with ETH as well.

Peter Pan

Thank you again, i really enjoy watching your videos. Compared to many other channels, this one seems to focus on the tech too, not just on shady investment tips from people that don't have a clue about technology. Keep it up! (Subscribed weeks ago and recommended your channel on several occasions!)

Mir khaleq Ali

The Future Of OmiseGo and Status partnerships


Thanks for the free knowledge

Eddie Beer

I always look forward to your videos, and yes please go into reasons why Omisego has sustainability. Thanks for all the hard work and research you do.


Guys, Ethereum is start moving up now .....


is anyone else having issues on exodus and shapeshift trying to transfer into omg? is constantly telling me its 'currently unavailable'


Can anyone answer this question :

When can we see the price of this not dependent on the price of Bitcoin?

Sam Six

This is like waves has been doing alrdy better than everyone else


can we say OmiseGo is like a descentralized ACH ?

Anthony DiPizzio

Any suggestions on the BEST Trading Platform? Bitfinex or others? Security? Stability? Flexibility? Etc Thanks!!!!


Can you do an update on Omisego please?

Ben Dydyna

Great review on OMG... Bitcoin private airdrop info and/or review soon please ?????

Sam Lyons

Your Passion is Superman Level........keep on keep`in on


Love the Video Michael!!
Could you cover Binance too?
It's a new exchange with an interesting fee system and their own coin (you get 50% fee discount when you pay the fees with the Binance coin (BNB). This should result in BNB rising further and further the bigger the exchange gets).


okay you can transfer value between countries and its decentralized. Is this not the same with bitcoin?

Kaloyan Roussev

Do Bitquence please

Tony Visciardi

Is it a buy now before year end?


I have yet to hear anyone talk crap about this project....

Alexus Ok

This happened just today
Price 20%up


Going to explode Higher! Good long term also.


Dude please make a follow up video. I'm from HK as well and this is definitely an unmet need in Southeast Asia.

Osho R

Why has omg total supply disappeared from coinmarketcap.com,
And the supply has gone above 140 million


Hi @ boxmining .)

whats your thoughts on Safeexchange coin ? got any.

always a pleasure watcing your vids

Andrea Lanfranchi

Used your code for an upgrade of 1Th Bitcoin.
My code is 6gQ3qe

Nitin Sharma

so how do i transfer money to another country using Omise Go (when its built)? Do I give my fiat currency to Omise PoS and recipient public key. And then they give me some Omise Go token and then they transfer and pay miners in Ethers (?) and recipient takes Omise Go to another PoS and get fiat?

Tudo Sobre Bitcoins

Talk about dtube please ????


Whats your updated thoughts on OMG at this point? Thanks


Omg 50 sheckels by the end of the year


In 2020 OMG hits ath, thanks Boxmining


not to be sceptical, but can't xrp do this alswell, faster, cheaper and way way way more actuall partnerships(ripple). wheras, Coil uses xrp for micropayments. please change my mind.

izzy izzy

Michael what coins do u hold?


besides BTC/ETH/LTC this is one of the few actually solving a major problem.

Crypto Kiddie

Pretty good video, subbed

Aaron Rozario

Would appreciate if you could do a video on Bytom. Can't understand much of the white paper and info, most in Chinese

Kunal Bhutoria

hey. your video is really enriching. can you do a video of the popular cryptocurrencies in china.

Joshua Lincoln

Th isn't pronounced with Ff

Brandon Scott

Need higher volume my man! Otherwise, great content as always.


Loved how you explained this! This is coin is really trying to change the lives of so many people!

Equal Infinite

This guy is cool af

Elliot Meijer

I actually asked about OmiseGo about 3 weeks ago. I bought it for 40 cents and sold at 80 cents. FML

feinster Köftespieß

Do it OMG

Erik Swanson

You had me at "poon."

Biomass - best battery ever

What do you think about Nexus (nxs)? I really like to hear from you .

TheLegend 26

Can you do this kind of video for Lisk? That would be awesome. A lot of good news is coming.

Craig W

the guy second from the left from omisego with the dark glasses looks a lot like Edward Snowden ;)

Ian Sanderson

Thanks for the video very interesting and loved watching the rally today, any idea what level of PoS will be required for future ?

Billy Zaturoski

The concept of OMG sounds a lot like TenX.. Also, both OMG and TenX have Vitalik Buterin as an advisor/investor..

Reza Zamani

i'm indonesian and i don't know what the hell this coin is...all i know is BTC BCH ETH


Time to revisit Omisego Look for $100 before the end of March. $400 a year from now. Micropayment participation is not appreciated yet. In a recent article in Oracle Times, Vitalik Buterin estimates $4 per token, per month in staking income. OMG FOMO is a valid response.



I saw this post on reddit about OmiseGo and had a bunch of questions: "It's like Proof-of-Work (PoW) mining but without the need for hardware - and if you do bad stuff the network doesn't like, you don't burn expensive electricity without reward like in PoW, instead you lose some of your OMG."

...Doesn't this just mean that the OmiseGo token itself will only be in demand by people who have tried to harm the network (they now need OMG tokens to conduct transactions because their original ones got burned)? And for the people who want to use the Omise platform to transfer money, it seems they would have to buy OmiseGo tokens as stake to make transactions? Who would pay money to do that, especially if the price of the coin goes up?? Venmo is popular because it's free, OmiseGo would be similar to venmo but you have to buy tokens to make transactions, and you have to have these tokens in your account at all times to satisfy the Proof of Stake in order to make transactions? Doesn't make sense to me..

Is OmiseGo a utility token, a platform, a cryptocurrency, or a security that allows you to take ownership in their company?


Quoine offering a very similar solution- the LIQUID platform and its gonna relese in this month.. A real sleeping giant!

ganguly sharma

This is the video iam waiting for @omosego @ has huge potential to rise...i have 228 omisego iam holding it for long term..thanks michael

Prajwal m

Cashaa is way better☺

Michelle Stauffer

You mentioned the project is very ambitious do you think they have the team/ talent to make it happen?


do we still have confidence in Omisego ? Plasma development is having issues.


No need to remind me to subscribe to your channel. I am already aware of such possibility.


look like NEOX which is built-in NEO


You mentioned Omisego will be Proof of Stake. Do we have to wait for their own wallet to be working so that we can Stake on it?

Tom Ruseler

Can anyone clearly explain the difference between the payment solution OmiseGo is offering, in comparison to let's say TenX? The also claim to serve as a single wallet wherefrom you can store and spend multiple different cryptocurrencies. I don't see the difference between them, and many other altcoins for that reason. Thanks in advance


What is the OMG coin actually used for? I mean, what is the coin's function. For example, ether functions within ethereal (gas), but I have no idea after reading the white paper how the OMG coin functions... thanks, Boxmining!

Golden Pig Coin

Great video, also covered the white paper and information on the token! Will you make an update video on NEM soon? They are making great progress, but nobody covers it...


Great job as always! SWEET and to the point???? Thanks for cutting out the unwanted chat. Not that I don't love to suck in your knowledge...lol

Roman Mazur

Thanks for this video.


Hi Boxmining! I just used your code again. Today i bought 60H/s of Monero mining at Genesis. My code: vpIm20 :)

Sam Davis

What is the difference with Narbonne.io or Blockmason.io?


similar to Abra?

John Ryder

Ltc to moon soon


I'm sorry but I'm struggling to understand how buying OMG coins can benefit you, apart from fun speculative trading, if the reason for the existence of this coins hasn't even been confirmed? How will having this OMG coin benefit someone, let's say their project is really successful and people all over the world use Omise to exchange FIAT and even BTC/ETH... what is the OMG coin good for?


there will be no blockchain banking competitors who will receive unanimous support from the top guys in the community. OMG is a winning lottery ticket .


Super informative I am sure OMG is a winner and very exciting to see where we will be end of year and next year

น้องปั้น Channel

Could you pleas talk about 0x (ZRX) please? Thank you

Lyn Xll

EVX coin is in Nutshell, similar OMG, here is the link https://www.youtube.com/watch?v=7hKkkBrDib4
Only 16.5 Million coin

Michael Ng

Is OMG token now ICO? What's the price? Where or how to buy this OMG now? When will be the IPO ??? Is Bittrex available for OMG ??

Symbiotic Flux

OMG is rallying!

Omg token

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OMG Trade (Final)

767 views | 28 Nov. 2020

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Craig Neeve

I’m selling at 19 bucks just to be safe

Canuck Sevensevens

Hi CM99. I got into OMG 20X today at 3.7349. I'm playing safe with a stop loss at 3.723. How many X leverage did you put? Where did you set your stop loss? I plan to move my stop loss up higher manually as the price goes up rather than do a trailing stop :) Man, I will buy more than a few pairs of shoes for Christmas if it goes to $26!

Russell Cohen

When is the next call

Zoomzoom Coco

I think i will sell under $12 x4

Tyler Burden

EHhhhhhhh. HOW YA DOING?


People ,do not be fooled by this shitcoin scam project ,all team members already left this sinking ship ,just do some research.

Preston Collins

i grabbed onto that reversal bull flag and holding... good to see thinkers over sinkers... they tend to have the sheep with views over 1mil in a few hours.... this man is no trinkle down clown :D

Maxim Cukanov


Wendell [ LTC ] F

Glad to be a " new " Family Member !!! I got a bag of OMG from way back, and now I have an idea of when to " trade " it into something else, or " Buy Momma a New Pair of Shoes " ;)

Bestenliste - Die besten...

Why do you think OMG will go to the moon?


Good luck in your trade

W Thomas

Thank you!