[OMG] OmiseGO - Speculation & Discussion

Branko

sr. member

Activity: 2632

Merit: 328

Quote from: bct_ail on March 29, 2021, 09:54:22 AM

Quote from: Branko on March 29, 2021, 08:42:06 AM

or maybe exchanges are actually happy with high gas fees (for more than one reason)

Why should exchanges be happy? They have less more income as long as they don't increase the withdrawl fees.

1st, there are less chances users will move coins off exchange to their own wallets, unless its huge amounts
so fees are actually negligible compared to overall amount of tokens. Most exchanges like it when you keep coins on
their wallet instead your own

2nd, many actually increased their own fees, hiding it behind "network congestion". Case in point, ETH withdrawal fee
is currently around 16USD (0.0093ETH) on one exchange, while USDT fee is 33 USDT on same exchange (and same
exchange could use USDT on OMG to lower fee...which it maybe do, and keep that money for themselves)

bct_ail

legendary

Activity: 2660

Merit: 2229

https://t1p.de/6ghrf

Quote from: Branko on March 29, 2021, 08:42:06 AM

or maybe exchanges are actually happy with high gas fees (for more than one reason)

Why should exchanges be happy? They have less more income as long as they don't increase the withdrawl fees.

Branko

sr. member

Activity: 2632

Merit: 328

I guess they're not aggressive enough promoting it to exchanges...or maybe exchanges are actually happy with high gas fees (for more than one reason)

jesselui

full member

Activity: 854

Merit: 109

Trident Protocol | Simple «buy-hold-earn» system!

At first, I thought it was a good project and wanted to enter 6.5 levels. I am glad I did not enter, the price has dropped a lot according to my expectation. It may be a good purchase price right now.

Branko

sr. member

Activity: 2632

Merit: 328

If it can't shine during times like these, that fit exactly it's white paper, I guess it will never get attention

krisnajsadrak

sr. member

Activity: 1092

Merit: 250

Hodlers Network

just want to remind everyone who have Omisego on Stex exchange, because i got an email if this coin will be removed from stex

Dear STEX Trader,
We would like to inform you that the following projects will be totally removed from STEX.com Please, withdraw your funds before 10 December, 2020.

and Omisego in the lists of delisting coins from stex
thanks

Kopiev

member

Activity: 202

Merit: 15

The OMG Network CBDC webinar will take place on November 12, discussing the topics of blockchain, central banks and cryptocurrencies https://twitter.com/omgnetworkhq/status/1326827717854187521?s=20

umityesil

jr. member

Activity: 124

Merit: 1

Omisego Coin Analysis.

https://bitcoinheat.com/2020/11/06/omisego-coin-analysis-omg-coin-price-omisego-chart-2020-omisego-value-omg-coin-news/

theskillzdatklls

hero member

Activity: 1328

Merit: 563

MintDice.com | TG: t.me/MintDice

Quote from: mich on October 06, 2020, 04:54:58 AM

It makes most sense for OMG to integrate with USDT becuase of all the transfers to the exchanges.

With most of these fees coming from ETH network, OMG is helping ETH network by lowering fees.

This seemed to help price action a lot and then it's since been forgotten about. But if the USDT partnership stays consistent, the fundamental value is the same. So what that ultimately means, I guess only time will tell.

mich

legendary

Activity: 3122

Merit: 1032

#1 VIP Crypto Casino

It makes most sense for OMG to integrate with USDT becuase of all the transfers to the exchanges.

With most of these fees coming from ETH network, OMG is helping ETH network by lowering fees.

theskillzdatklls

hero member

Activity: 1328

Merit: 563

MintDice.com | TG: t.me/MintDice

We've syndicated one of our OMG articles across our network to spread some more awareness

Ever since the USDT partnership, things have looked really promising.

https://www.publish0x.com/bitcoin-news-blog-bitcoin-dice-casino-news/a-101-guide-to-omisego-omg-xnlmyjk

Kopiev

member

Activity: 202

Merit: 15

Video fragment of the webinar explaining how the OMG Network engine appeared Reddit community glasses
https://www.youtube.com/watch?v=njF1xEUsJM0&feature=youtu.be

bct_ail

legendary

Activity: 2660

Merit: 2229

https://t1p.de/6ghrf

Quote from: ?? on ??

Quote from: bct_ail on September 07, 2020, 04:45:25 AM

I like the concept of OMG Network. Transaction with no fees. That is great. But you have to deposit ETH or ERC-20 Token before the Gas prices went up to the sky. So if you do it at the right time or have enough time for a deposit, you are well prepared avoiding high gas fees.

There are gas fees for all ERC-20 Tokens not just OMISEGO.

I mean there are no gas fees if you do one or more transaction "in" the OMG network. You have to pay a gas fee for depositing ERC20 into the OMG Network and you have to pay gas fee for withdrawal ERC20 out from the OMG Network, of course. At least that is how I understood it. Correct me if it is not right.

Shasha80

sr. member

Activity: 1876

Merit: 318

One of the old coins that I still hold, because I believe in the potential of OMG. Indeed, after reaching an all time high in 2018
the price continued to fall. But entering 2020 the performance of OMG began to improve, even in August 2020 the price of OMG
can be pumped up to $ 6. Although now it's back down to $ 3. But I am still optimistic that in the near future the OMG price will
rise again, I even predict that the OMG price by the end of this year could reach $ 10.

Cyplyakox

member

Activity: 116

Merit: 13

A post with instructions on how exchanges can integrate with the OMG network and how this integration can improve their performance and interaction with customers https://omg.network/how-to-integrate-with-omg-network/

bct_ail

legendary

Activity: 2660

Merit: 2229

https://t1p.de/6ghrf

I like the concept of OMG Network. Transaction with no fees. That is great. But you have to deposit ETH or ERC-20 Token before the Gas prices went up to the sky. So if you do it at the right time or have enough time for a deposit, you are well prepared avoiding high gas fees.

theskillzdatklls

hero member

Activity: 1328

Merit: 563

MintDice.com | TG: t.me/MintDice

If that were to happen, then yes. The major fault of the major coins, BTC/ETH, is that they are terrible at moving to 2.0s. Getting consensus on these coins seems to be nearly impossible. So I guess slightly more abstractly its whether or not consensus is possible is what the gamble would be on.

bct_ail

legendary

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Merit: 2229

https://t1p.de/6ghrf

Quote from: Branko on September 03, 2020, 08:21:21 AM

Quote from: bct_ail on September 03, 2020, 06:39:27 AM

Don't know it has been already discussed here. But what will happen if ETH move to Eth 2.0? ETH 2.0 will be without transaction costs and limitation of the network. So for my understanding 2. Layer Projects will be obsolete. So what will be the aim for OmiseGO then?

Ah, good old ETH 2.0....when I joined this crypto thing, back then in 2017, it was just around the corner, in 2nd half 2017

In 2nd half 2017 everyone had to do other things

But anyway, it doesn’t't make sense if you say ETH 2.0 will take more time. Maybe they need more time, maybe not. But is does not change the fact, that 2nd layer solution will be obsolete then if I have understand ETH 2.0 right.

Quote from: theskillzdatklls on September 03, 2020, 01:00:19 PM

That's give or take what you are gambling on. If that happens or doesn't happen will be a major risk vector to OMG's success.

So you agree with me, that ETH 2.0 will make 2nd Layer solutions obsolete?

Mr.Scott

full member

Activity: 552

Merit: 107

I've a great enthusiasm on OMG Network, after researching come to know that it's now rebranded product from OmiseGo. I have a nice feeling it has great potential to fly. Been holding even in this blooding market in hope it will pump again.

theskillzdatklls

hero member

Activity: 1328

Merit: 563

MintDice.com | TG: t.me/MintDice

Quote from: bct_ail on September 03, 2020, 06:39:27 AM

Don't know it has been already discussed here. But what will happen if ETH move to Eth 2.0? ETH 2.0 will be without transaction costs and limitation of the network. So for my understanding 2. Layer Projects will be obsolete. So what will be the aim for OmiseGO then?

That's give or take what you are gambling on. If that happens or doesn't happen will be a major risk vector to OMG's success.

Topic: [OMG] OmiseGO - Speculation & Discussion (Read 50747 times)