News : How is OmiseGo Progress
Thread Rating:
  • 1 Vote(s) - 5 Average
  • 1
  • 2
  • 3
  • 4
  • 5
#1
Quote:OmiseGo Project Progress
From a business and operational perspective, It’s evident the OMG team has been quite productive.

July 6 – Omise acquired Paysbuy, the online payments business of local telco Total Access Communication [https://www.techinasia.com/omise-acquires-paysbuy]
July 12 – Omise partners with Arcadier [https://www.omise.co/arcadier-partners-with-omise-to-expand-into-thailand-and-southeast-asia], the “Shopify for Marketplaces”
August 10 – Version 1.1 of the OmiseGo IOS App (not to be confused with their white-label wallet SDK) is released.
September 21 – Omise awarded Digital Start of the Year [https://www.omise.co/omise-awarded-digital-startup-of-the-year]
September 24th – 5% of total OMG issued airdropped to 450,000 addresses anyone owning a minimum of 0.1 ETH at the time.
September 25 – Omise partners with McDonalds Thailand to provide seamless payment experience for online and mobile orders.
September 28th– Krungsri Finnovate, a subsidiary of Krungsri (Bank of Ayudhya) invests and partners with Omise
From a technology and product perspective it is a lot less clear what exactly has been achieved at this point.

OmiseGo’s first product milestone, the white-label wallet SDK has still not been released. Although, to be fair they still have five more weeks until the end of Q4 (their initial self-imposed deadline).
A quick look at Omise’s github [https://github.com/omise] account shows the team is rather active so they are definitely actively building things.
Active repositories include Omise’s payment gateway extensions for Prestashop and Magento,
Equally active are Omise’s API, IOS, and Android development repositories.
Our Verdict on the OmiseGo (OMG) Project
It is clear the OmiseGo team has been quite busy forging partnerships, building awareness, and rolling out the operations of their organization. And to that extent they have proven quite successful as OMG is one of the most well-known altcoins on the market today.

OMG’s market cap today is around US$800 million. OMG’s ICO contributors have enjoyed a return of nearly twenty-five times their initial investment in under five months. It would be a massive understatement to say that OMG has done well for their supporters.

While it is evident the OmiseGo team has done quite well by their investors it still remains to be seen how well they will do by the 400 million unbanked people in Southeast Asia they vowed to serve.

Their true users don’t need another online credit card gateway or fancy payroll services. They need a reliable and cheap way to send money home to their villages after a long week of hard labor in the city. They need access to affordable short-term loans. They need banking solutions that don’t exploit their inability to maintain a minimum balance.

Understandably OmiseGo has a noble mission and they do need to start somewhere if they are to achieve true banking disruption. But with Southeast Asia’s credit card adoption rates still in single digits one has to wonder who Omise’s actual customers are.

We are, admittedly, big believers in OmiseGo and the mission they stand behind. They are one of the few players in the world today with the tools, resources, and ambition to catalyst a true disruption to a 100-year-old banking system. But at a market cap of US$800 million we’re looking for a bit more just an active github account.

We own OMG tokens and we will continue to hold as we do see a glimmer of light at the end of the tunnel. But we are not adding to our position at the moment until we see more.

Published: 11/22/17
Token Name: OMG
ICO Date: 6/27/17
Raised: $25,000,000
Crowdsale Token Ownership: 65.1%
ICO Price: $0.244
Current Price: $7.89
Token Return: 2423%
Market Cap: $804,739,196

Source

OmiseGo had an ICO about 5 months ago and raised a small-ish amount of $25 million. If you're new to OMG, the general purpose of their project is to offer a banking alternative, specifically targeting those whom currently have no banking or are unable to get banking. They also have the tag-line "Unbank the banked."

It's a very interesting project with a competent team. Currently, OMG uses the Ethereum platform as ERC-20 tokens, but eventually plans on switching to it's own chain and wallet. It will also offer staking to allow investors and token holders to gain interest.
Reply
#2
(11-23-2017, 12:55 AM)Decentralized Investor Wrote:
Quote:OmiseGo Project Progress
From a business and operational perspective, It’s evident the OMG team has been quite productive.

July 6 – Omise acquired Paysbuy, the online payments business of local telco Total Access Communication [https://www.techinasia.com/omise-acquires-paysbuy]
July 12 – Omise partners with Arcadier [https://www.omise.co/arcadier-partners-with-omise-to-expand-into-thailand-and-southeast-asia], the “Shopify for Marketplaces”
August 10 – Version 1.1 of the OmiseGo IOS App (not to be confused with their white-label wallet SDK) is released.
September 21 – Omise awarded Digital Start of the Year [https://www.omise.co/omise-awarded-digital-startup-of-the-year]
September 24th – 5% of total OMG issued airdropped to 450,000 addresses anyone owning a minimum of 0.1 ETH at the time.
September 25 – Omise partners with McDonalds Thailand to provide seamless payment experience for online and mobile orders.
September 28th– Krungsri Finnovate, a subsidiary of Krungsri (Bank of Ayudhya) invests and partners with Omise
From a technology and product perspective it is a lot less clear what exactly has been achieved at this point.

OmiseGo’s first product milestone, the white-label wallet SDK has still not been released. Although, to be fair they still have five more weeks until the end of Q4 (their initial self-imposed deadline).
A quick look at Omise’s github [https://github.com/omise] account shows the team is rather active so they are definitely actively building things.
Active repositories include Omise’s payment gateway extensions for Prestashop and Magento,
Equally active are Omise’s API, IOS, and Android development repositories.
Our Verdict on the OmiseGo (OMG) Project
It is clear the OmiseGo team has been quite busy forging partnerships, building awareness, and rolling out the operations of their organization. And to that extent they have proven quite successful as OMG is one of the most well-known altcoins on the market today.

OMG’s market cap today is around US$800 million. OMG’s ICO contributors have enjoyed a return of nearly twenty-five times their initial investment in under five months. It would be a massive understatement to say that OMG has done well for their supporters.

While it is evident the OmiseGo team has done quite well by their investors it still remains to be seen how well they will do by the 400 million unbanked people in Southeast Asia they vowed to serve.

Their true users don’t need another online credit card gateway or fancy payroll services. They need a reliable and cheap way to send money home to their villages after a long week of hard labor in the city. They need access to affordable short-term loans. They need banking solutions that don’t exploit their inability to maintain a minimum balance.

Understandably OmiseGo has a noble mission and they do need to start somewhere if they are to achieve true banking disruption. But with Southeast Asia’s credit card adoption rates still in single digits one has to wonder who Omise’s actual customers are.

We are, admittedly, big believers in OmiseGo and the mission they stand behind. They are one of the few players in the world today with the tools, resources, and ambition to catalyst a true disruption to a 100-year-old banking system. But at a market cap of US$800 million we’re looking for a bit more just an active github account.

We own OMG tokens and we will continue to hold as we do see a glimmer of light at the end of the tunnel. But we are not adding to our position at the moment until we see more.

Published: 11/22/17
Token Name: OMG
ICO Date: 6/27/17
Raised: $25,000,000
Crowdsale Token Ownership: 65.1%
ICO Price: $0.244
Current Price: $7.89
Token Return: 2423%
Market Cap: $804,739,196

Source

OmiseGo had an ICO about 5 months ago and raised a small-ish amount of $25 million. If you're new to OMG, the general purpose of their project is to offer a banking alternative, specifically targeting those whom currently have no banking or are unable to get banking. They also have the tag-line "Unbank the banked."

It's a very interesting project with a competent team. Currently, OMG uses the Ethereum platform as ERC-20 tokens, but eventually plans on switching to it's own chain and wallet. It will also offer staking to allow investors and token holders to gain interest.

Hey man! Thanks for posting this.

OMG is doing some great things, especially with plasma.io

These guys are a huge asset to the ethereum platform and I expect they will continue with success.
hodling till Im odling
Ethereum, IOTA, Lisk, OmiseGo, Blackmoon Crypto
Reply
#3
I didn't know they only raised $25 mil, I bet they are kicking themselves after seeing other companies raise multiple times that.

Still, that should be plenty of money to make some damage in the banking industry - they do have the technology on their side.

I to hold a little OMG but am not currently adding more. If we go below $4ish without good cause, I am consider doubling down.
Reply
#4
(11-24-2017, 09:25 PM)Decentralized Investor Wrote: I didn't know they only raised $25 mil, I bet they are kicking themselves after seeing other companies raise multiple times that.

Still, that should be plenty of money to make some damage in the banking industry - they do have the technology on their side.

I to hold a little OMG but am not currently adding more. If we go below $4ish without good cause, I am consider doubling down.

No doubt $4 would be a great price to load up the boat! OMG is up quite nicely today, I don't think we will ever see sub-5 unless they have absolutely horrible news. OmiseGo has a lot going for them and have been working on their project for quite a while now.
hodling till Im odling
Ethereum, IOTA, Lisk, OmiseGo, Blackmoon Crypto
Reply
#5
I actually sold all of the OMG I had and bought more ether around 470, hopefully this run up happening right now isn't a fake-out =)
The Ethereum killer is Ethereum, the Ethereum of China is Ethereum, the Ethereum of Taiwan is Ethereum... 2.0
Reply
#6
(11-27-2017, 04:44 AM)EtherWin Wrote: I actually sold all of the OMG I had and bought more ether around 470, hopefully this run up happening right now isn't a fake-out =)

OMG is doing pretty good itself, though I think that was the right move. Lots of volume, we may blast through $500..
hodling till Im odling
Ethereum, IOTA, Lisk, OmiseGo, Blackmoon Crypto
Reply
New Reply 


[-]
Quick Reply
Message
Type your reply to this message here.

Human Verification
Please tick the checkbox that you see below. This process is used to prevent automated spam bots.