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The project I am going to review today very much resembles Basic Attention Token ICO.OmiseGo is also going to be built on the existing product, Omise.It is a very popular payment management platform in Southeast Asia, especially in Thailand.And let’s check out what they want to do with the blockchain technology and why they need initial coin offering.Team consists of Omise core team and well-known blockchain developers.The advisors are the strongest part of OmiseGo project because they almost all are from Ethereum foundation.Founded in 2013, Omise is a venture-backed payments company operating in Thailand, Japan, Singapore, and Indonesia.Omise has been a big supporter of Ethereum and its technologies, contributing funding to the foundation’s DEVGRANTS initiative in 2015, as well as funding the development of Raiden.Omise team also collaborated with many other blockchain technologies including Hydrachain, Golem, Tendermint, and Cosmos.OmisGo advisory board consists of the most famous blockchain and Ethereum developers.
Vitalik Buterin, Gavin Wood, lightning network creator Joseph Poon.Stars.Basically, OmiseGo is an e-wallet and payment platform operating across currencies and assets.OmiseGo will create a platform for managing fiat/cryptocurrency/other assets with its powerful wallet Software Development Kit.OmiseGo builds a liquid on-chain decentralized exchange and off-chain payment network to make its ecosystem workOMG tokens will be native currency of the OmiseGo blockchain.OmiseGo is going to be a new blockchain.With OmiseGo the users will be able to manage: fiat tokens, cryptocurrencies, other assets (such as loyalty and reward points).Software Development Kit will be provided to ensure full interaction with OmiseGo network.The OmiseGo blockchain will be closely integrated into Ethereum mainnet.You can get to know more from reading technical whitepaper.The OmiseGo will solve a lot of problems, including settlement time, fees, transparency, security, finality.OmiseGo wants to be the place where you do not need a bank account to cash in or cash out.One of the biggest markets OmiseGo wants to cover is Remittances market.Of course, OmiseGo wants to cover more markets , such as: payments, loyalty and rewards, gaming and messenger platforms.As you can see, the biggest remittances destinations are in Southeast Asia.
This is the market where Omise team is really concentrated.In 2016 the remittances market was evaluated at $442 bln.Having certain advantages like low fees, fast transaction time, easy cashouts and cashins can be a powerful argument for usage of OmiseGo e-wallet.The profit generation comes from holding OMG tokens.They will be used to validate the Proof of Stake network of OmiseGo and that’s how tokenholders will get rewards.More transactions on the OmiseGo blockchain = more rewards go to tokenholders.I made assumption that OmiseGo collects all $19 mln.and compared this project with major payment companies.Some incredible gains possible if the project is a success.Any on chain acitivity needs to pay fees for validating the network.Simple value appreciation leads to investors’ portfolio value increase.OmiseGo tokenholders must wait until the blockchain is created.OmiseGo has its own Proof-of-Stake blockchain with validators and other important variables of POS networks.Here is the scheme of the OmiseGo network.
Everything is built to support Digital Wallet functionality.The main use cases of OmiseGo:In my opinion, this project is one of the most solid ones and , at the same time, less demanding from investors than others.First of all, OMG is ERC-20 token on Ethereum until OMG blockchain is created.After the creation, the OMG tokens will be transferred to its own blockchain.ICO starts on 27th of June and ends 1 month later.bitcoin hurSeems to be without any time bonuses.65,1% of all OMG tokens will be distributed to investors, 20% — reserve, and 9,9% — team.Max cap is $19mln, minimum is $8mln.5% of tokens is intended to encourage incentive alignment with Ethereum stakeholders.Almost all the money goes to research and development.loan for bitcoin miningThis is how allocation of of ICO funds is made: 62% — staffing, 16% — Scalability research, 7% — Operating expenses, 6% — marketing, 5% — legal, 4% — consultancy.Advantages and disadvantages.ethereum korea
First of all, I want to mention that I haven’t found a lot of disadvantages so you should tell your opinion about it in the comments.Team is rock solid with existing selling product.Advisory board consists of Ethereum and Bitcoin stars.They have a clear vision of their product and the existing customer base which will use their product.The biggest disadvantage for me is that they are building their own blockchain.Another disadvantage is that they are now exclusively concentrated on Asia, I hope soon they will expand to Europe and America.Donate ETH if you want to support me: 0xcc32962e5CB388717C7034d1a4EE3Ae6dB42763abitcoin became richWhat is Ethereum ?will bitcoin hit 10000theDAO was hacked 3.6 mil of ETH was stolen of Ethereum miners voted against the previous 'DAO softfork' and would logically oppose hardfork as well theDAO was hacked 3.6 mil of ETH was stolen Ethereum Classic is a decentralized platform that runs smart contracts: applications that run exactly as programmed without any possibility of downtime, censorship, fraud or third party interference.bitcoin chart excel
Ethereum Classic is a continuation of the original Ethereum blockchain - the classic 'unforked' version; free from external interference and subjective tampering of transactions.DECLARATION OF INDEPENDENCE How Safely Split your Ether to Avoid Replay Attack Use the splitter contract Declaration of independence Metrics Features ETC-based projects (Dapps, smart-contracts, servies, etc.)bitcoin amazon coinscould be hosted on our site and have a separate sub-domain named after the project.armory bitcoin softwareThese projects may be featured on the main page of the marketplace so more community members may see and use it.how to use kraken bitcoinCrowdfund your project with help of the ETC community.In case your project earns approbation of community members in review stage you will be able to crowdfund your ideas through pledges and donations.
Ethereum Classic Marketplace would be a centralized market of ETC-based solutions and services developed by the members of ETC community.Everyone with working solutions would be able to publish projects and sell it, or give it for free.Create Proposals and Voting Everyone can propose and put to the vote an idea or a project benefitial for Ethereum Classic development.It will be discussed by the community, and the community will decide whether it is good enough to be implemented or crowdfunded within ETC ecosystem.Roadmap We need your support to ensure original Ethereum will be kept alive.We need more developers, website designers, people who can write and advocate the need for Ethereum Classic.Download RoadMap Hosting platform Community platform Crowdfunding platform Gamification engine Web wallet with support smart contracts Ethereum Token Steroid Platform for developers Voting platform Marketplace Core ETC dev team being established Multiple clients ported Execute removal of difficulty bomb Fixing transaction replay issue Deploying independently operated blockchain nodes Gain developer and R&D support from 3rd party companies Establishing communication channels for development Setup and schedule global meetups Define framework for Dapp developers Defining core social contract Defining community-driven roadmap Define governance models Deploying funding mechanisms for key infrastructure FUNDONOMY Powerful community engine grants countless possibilities: not only can you do the group blogging or private messaging, you can also share your reactions to posts, create custom badges and score reputation of other users.
Everything you do on the site — has a meaning and brings results.Communication in the crypt world had never been so fun and easy.Ethereum Hard Fork Creates Competing Currencies as Support for Ethereum Classic Rises Forbes July 24, 2016 @jackfru1t ethnews Read more Topic discussion Lorem ipsum dolor sit amet.Blog Blog nyy BAM!You’ve got a sweet forum Read more Product manager, Coordinator Engineer Smart-contract developer Backend developer Gamification Platform Our legal advisor Frontend developer Miners The hard fork created a huge opportunity for miners, creating two fluctuating currencies to switch their rigs between.Ethereum Classic is presently one of the most profitable crypto-currencies to mine and is attracting substantial hash power with zero switching cost.With your help, the Ethereum Classic network can grow strong and you will be rewarded for ensuring the future of the original chain.
Do it for profit and principles; mine Ethereum Classic today!Additional info on solo mining and more mining tips.We have mining pools supporting Ethereum Classic: Join a pool Compare ETC Pools Coinotron ETC 91pool ethc.epool.io etc.suprnova.cc etcpool.io /help ethc.coin-miners.info etc.digger.ws yolo.ethclassic.faith etcmine.io btd.io ethclassic.tk etc.altpool.net We have blockchain explorers for looking transactions and dicvovery blocks Blockchain Explorers etherhub.io gastracker.io Developers We fork Ethereum and maintain upstream patches similar to the relation between Redhat and CentOS, until a community can form around the project and create a road map.Until this happens we can fork multiple existing clients to help prevent a monoculture of clients./ethereum development except for any features they introduce into existing clients that violate the key principles of openness, neutrality and immutability.
Development and maintainance of Ethereum Classic is our existential goal.Community will decide what to implement into the code, professionals would audit the results — this synergy of competencies would make ETC stronger, better, safer.If you are willing to contribute to the improvement of ETC you are welcome — we need your skills, ideas, time.Feel free to contact and help us in our mission to establish the future of the only true Ethereum.Learn how to build Ethereum ??Vcon-0: Solidity, Vision and Roadmap Ethereum's Two Ethereums Explained Traders Most important question for traders is 'will ETC have market price'?There are all reasons to believe that it will.Essentially, ETC is an Ethereum 'spinoff coin' with a wide user base of all current ETH users.Some of them will see the value of transacting on a censorship-resistant chain, some won't.This creates interesting arbitrage opportunities for smart traders.Additional reasoning why ETC is very unlikely to be 'worthless'.
All the major exchanges announced that they will assign their users both ETH and ETC after the fork.This is a step in the right direction, now it's up to these major exchanges to enable ETH/ETC trading that will no doubt be demanded by users.Decentralized exchange Bitsquare started ETC trading right after the fork.Other trading venues will follow since there is a strong business case.We are in touch with several other exchanges to add ETC trading to their platforms.If your exchange is interested in ETC trading, please contact us.We have mining pools supporting Ethereum Classic: Traders bitsquare.io Kraken ETC/ETH, ETC/EUR, ETC/USD, ETC/XBT Poloniex ETC/BTC BitMex futures contract ETC Support You can buy our awesome t-shirts to speed up development of our site which will help bring ETC community altogether.We have lots of plans and ideas how to create website which will help us and ETC to develop rapidly.Donators and buyers of our t-shirts will receive additional perks and a forum badge, which indicates their help and dedication to our community — everyone would see that you support the development of ETC network.
People will obtain badges with different design, which depends on the amount of donations and purchased merchandise.The more you donate — the more perks and fancier badges you get.DONATIONS 1 Username 2 Username 2 Username 2 Username 2 Username 2 Username 2 Username 2 Username 1 Username 2 Username 2 Username 1 2 3 4 5 DONATE FOR WEBSITE ETC 0xc5C1063F6cB0BBe5165903Bc4BeaCBf820C7F957 copy ETH 0x8f361f91b06b80ee18d0641d607a18ddac689bd0 copy BTC 16wPejzMfbTARNJBoYcTFwHqUKVVKXYSYS copy What is more, you can make a donation with any cryptocurrency you want.You can attach any message you want to a donation (no longer than 70 characters).Everybody will see it on our site.Hosting 30% Status: worked Community platform 80% Status: development Crowdfunding platform 0% Status: prototyping Developers platform 0% Status: prototyping Marketplace 0% Status: prototyping Voting platform 0% Status: prototyping DONATE FOR COMMUNITY In case you donate with altcoins message can't be attached since shapeshift mixes up wallets.