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What is OmiseGo (OMG) in a Nutshell

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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 Use code "6bXKwD" and get 3% off every purchase on Genesis Mining! https://www.genesis-mining.com/a/287920 🤑 ♨️Social: http://boxmining.com Steemit: https://steemit.com/@boxmining Twitter: https://twitter.com/boxmining Facebook: https://www.facebook.com/boxmining 🤑 Buy Bitcoin: https://www.coinbase.com/join/590c3a1c8bfa31012ffacf87 💰 Secure your Crypto with Hardware Wallets: Ledger: https://www.ledgerwallet.com/r/428b Trezor: https://trezor.io/?a=6xd5fhdqqjng 💪Donations: Bitcoin : 13EvsPm3YhiCPGksQQdvQUFtsbF8FoU6Cz Ethereum: https://etherscan.io/address/0x58d98516363D2A5f93CE6aB4A4a909599C3EEC3a DASH: XcAREQEEunvv6rJza9LKDzdyjZ1BwBN2iK Litecoin: LXeXUr2Hr3ePgHb9aDjr4QdqA4DPXoTarU NEM: ND6WRNN2W2AZLON65EGI3Y46M4TWP3HNKSB4BGW2 Decred: DsgsSqYF2oSZ5MJeoqiEMyeJdWhdvWk8A4s Byteball: FSLKOZBIO37AUVGWCWO6PLO455W2UYDV 👩🏻‍🚀 Save on Amazon with Purse.io https://purse.io/?_r=Fxj40g 💱Software Wallet: Windows/Mac/linux: http://exodus.io
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Text Comments (227)
John Ryder (15 hours ago)
Ltc to moon soon
Rich0292 (1 day ago)
But what do I actually use OMG, the coin, for? What gives the coin value?
Hunter (1 month ago)
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
amir.edry.israel (1 month ago)
Quoine offering a very similar solution- the LIQUID platform and its gonna relese in this month.. A real sleeping giant!
Adithya Das (3 months ago)
OmiseGo to the moon!
ZmTopReasons (3 months ago)
Who's watching in early 2018? OMG is now 14€ ~ 17$ Prediction early 2019? 50€ ~58$
Ben Dydyna (4 months ago)
Great review on OMG... Bitcoin private airdrop info and/or review soon please 🙏🏆💙💣💥
taranvir singh dhillon (4 months ago)
what is difference between xlm and omg?.in the sense that both allow u to transfer funds and also act as a decentralised exchange
izzy izzy (4 months ago)
Michael what coins do u hold?
Michelle Stauffer (4 months ago)
You mentioned the project is very ambitious do you think they have the team/ talent to make it happen?
Wilhelm Otto Dusseldorf (4 months ago)
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!
AvengeVoltaire (2 months ago)
Wilhelm Otto Dusseldorf calm down, that attitude will get you broke man :)
Lyn Xll (5 months ago)
EVX coin is in Nutshell, similar OMG, here is the link https://www.youtube.com/watch?v=7hKkkBrDib4 Only 16.5 Million coin
55mph (5 months ago)
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. REPLY
syrop26 (5 months ago)
No need to remind me to subscribe to your channel. I am already aware of such possibility.
Crypto Kiddie (5 months ago)
Pretty good video, subbed
Equal Infinite (5 months ago)
This guy is cool af
B. Alvn (5 months ago)
Nice job here too...you rock bro!
tyler william (5 months ago)
is there something like this available for americans? @boxmining
Franklin Caraballo (6 months ago)
How do people without bank accounts transfer their money into crypto? Are there any cash market exchanges?
squarecracker (4 months ago)
You don't need them. That's the point of this project. OMG is the backend token.
Tony Visciardi (6 months ago)
Is it a buy now before year end?
Joshua Lincoln (6 months ago)
Th isn't pronounced with Ff
Alexander Dahmen2 (6 months ago)
This happened just today https://twitter.com/VitalikButerin/status/940429788673536000 Price 20%up
WHITE POWDER (6 months ago)
Thank you for doing these!
WHITE POWDER (6 months ago)
Saw that you had in a nutshell playlist, gonna look through all that now :D
John (6 months ago)
Thanks for the free knowledge
55mph (6 months ago)
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 .
CryptoPursuits (7 months ago)
Thanks for the OmiseGo video! Any update on the project? I am understanding that by holding the coin you will be paid like a dividend based on transactions on their network. Also, currently the Exodus wallet has an OmiseGo wallet, just in case new people were wondering. Think this will be big if they can execute on this project and get it out on Mobile phones all through Asia or even the US and Europe at some point.
northofport (7 months ago)
Whats your updated thoughts on OMG at this point? Thanks
Kollegahx (7 months ago)
Do it OMG
Sam Davis (7 months ago)
What is the difference with Narbonne.io or Blockmason.io?
pkoon24 (7 months ago)
Dude please make a follow up video. I'm from HK as well and this is definitely an unmet need in Southeast Asia.
John9 (7 months ago)
okay you can transfer value between countries and its decentralized. Is this not the same with bitcoin?
Tom Ruseler (8 months ago)
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
AprendaFacil (8 months ago)
can we say OmiseGo is like a descentralized ACH ?
Kunal Bhutoria (8 months ago)
hey. your video is really enriching. can you do a video of the popular cryptocurrencies in china.
Paul Ainsley (8 months ago)
Hey what is the limit cashing from ATM and does it support litecoin bitecoon, when is debid card launching
Sakura3475 (8 months ago)
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?
Rockstar Ronit (9 months ago)
Can anyone answer this question : When can we see the price of this not dependent on the price of Bitcoin?
Andy Peterson (9 months ago)
Where / how do I buy this new fancy pantsy coin?
Danny (9 months ago)
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?
Phyto Nutrients (9 months ago)
Any suggestions on the BEST Trading Platform? Bitfinex or others? Security? Stability? Flexibility? Etc Thanks!!!!
Reza Zamani (9 months ago)
i'm indonesian and i don't know what the hell this coin is...all i know is BTC BCH ETH
Edward Swanson (9 months ago)
You had me at "poon."
Brandon Scott (9 months ago)
Need higher volume my man! Otherwise, great content as always.
Lê Hoàng (9 months ago)
Did you read the whitepaper? How can you missed the exchange part?
Nitin Sharma (9 months ago)
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?
Sk4nd4l (9 months ago)
this government collusion/dependence is a big backdraw for this coin. its against the spirit of an autonomous system
Jonathan Thomas (9 months ago)
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!
Lakita (9 months ago)
Loved how you explained this! This is coin is really trying to change the lives of so many people!
Craig W (9 months ago)
the guy second from the left from omisego with the dark glasses looks a lot like Edward Snowden ;)
Loi Nguyen (9 months ago)
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 REPLY
TONNE (9 months ago)
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?
Boxmining (9 months ago)
lots of speculation of potential future use. it's not a token that will give a portion of future profits (unlike tenx).
Marlon Licup (9 months ago)
can blockchain be hacked?? Can bit connect be hacked??
Maris Lukasevics (9 months ago)
https://cryp.trade/agent/xrupvlhrai9i Very nice profit. Dont sleep!
sirus312 (9 months ago)
besides BTC/ETH/LTC this is one of the few actually solving a major problem.
ZmTopReasons (3 months ago)
sirus312 what is it actually solving? Still didnt understood the vid :c
Kaloyan Roussev (9 months ago)
Do Bitquence please
Kahn (9 months ago)
Omg 50 sheckels by the end of the year
Ian Sanderson (9 months ago)
Thanks for the video very interesting and loved watching the rally today, any idea what level of PoS will be required for future ?
Alberto Ruiz (9 months ago)
Will OMG offer a passive income based on the number of transactions volume same as TenX?
Boxmining (9 months ago)
Tenx tokens will get passive income. OMG tokens will be turned into full OMG coins once the blockchain is built. So TenX = Tokens. OMG = Full blockchain. so no, they have different use cases.
Matrix Google (9 months ago)
This is like waves has been doing alrdy better than everyone else
CRYPTO D CASTILLO! (9 months ago)
Super informative I am sure OMG is a winner and very exciting to see where we will be end of year and next year
Joshua (9 months ago)
OMG is rallying!
Rudy Geiger (9 months ago)
Hi fantastic video on OMG. A question for you does OMG and the pillar project do the same thing.
Daniel Stojanovski (9 months ago)
Bitcoin Billionaire (9 months ago)
What OmiseGo can do that ETH can't? I mean I can send money to everyone in the world with ETH as well.
AvengeVoltaire (2 months ago)
No one answered his question, the YouTuber neither, I think now one knows and everything is just a big marketing stunt
Ontology ! (4 months ago)
OmiseGO is building on top of the ethereum blockchain. All about competition.
Genius Loci (5 months ago)
what a great and constructive answer.
Ray Vaughn (9 months ago)
GnahZ Dont invest in cryptos ever again monkey. They don't even serve the same purpose.
Sam Lyons (9 months ago)
Your Passion is Superman Level........keep on keep`in on
Boxmining (9 months ago)
Thank you so much Sam Lyons!
Kryptoknight (9 months ago)
Going to explode Higher! Good long term also.
Alberto Ruiz (9 months ago)
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? Thanks
KRLE2582 (9 months ago)
Hi @ boxmining .) whats your thoughts on Safeexchange coin ? got any. always a pleasure watcing your vids
Faisal Shehzad Khan (9 months ago)
KRLE2582 thsnk you for asking. I want to know about it as well. I have missed many waves abd with safex currently below 300sat i can catch a big wave though have limited funds and dibt want many coin in pocket with min ROI
Trunks9000 (9 months ago)
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
Simply Johny (2 months ago)
LTC is the silver to BTC.
Nicholas DiFulvio (5 months ago)
I buy milk with gold. You got a problem with that?
DJ March (9 months ago)
you dont by milk from teh corner shop with nuggets of gold... to cluggy and cumbersome... BTC is the Gold... other crypto's are the silver, copper etc... Newer technology also... faster transactions...
chris coleman (9 months ago)
Trunks9000 it doesn't just transfer bitcoin to bitcoin but other cryptos and fiat pairs
TheLegend 26 (9 months ago)
Can you do this kind of video for Lisk? That would be awesome. A lot of good news is coming.
Observer (9 months ago)
similar to Abra?
Darcy Cardinal (9 months ago)
Outside of SE Asia, what are the expansion possibilities? I'll have to check out the white paper.
Aaron Rozario (9 months ago)
Would appreciate if you could do a video on Bytom. Can't understand much of the white paper and info, most in Chinese
lamilumag (9 months ago)
You really have a perfectly clear and unbiased way of explaining cryptos for us. Thank you man! *must donate*
N1NJ4 (9 months ago)
Boxmining what algorithm does this coin use because it is dependent to most miners to get a crypto currency they can get a good amount out of
Boxmining (9 months ago)
its a token right now
kaczan3 (9 months ago)
Seems like TenX makes OmiseGo obsolete, doesn't it?
ENOCH St. (9 months ago)
I have yet to hear anyone talk crap about this project....
Crypto Conversation (9 months ago)
Hey Tell us something about EOS .
masterrichy1 cirk (9 months ago)
Eos is a great coin. But the people behind that company destroying the coin. Because they put more and more supply in the marketcap. this make the coin automatic drop. I bought eos on 4 dollars. there was only 70million eos coins in circulation in that time period. and look at now over 300million eos coins in circulation. a lot of people lose there money. its sad..
Neef Pratt (9 months ago)
Do we know if OmiseGo are still going to Airdrop free coins to existing Ethereum holders?
Łow J. (9 months ago)
Do a #askbomining video
Łow J. (9 months ago)
Please talk about BQX
MiningT (9 months ago)
Hi Boxmining! I just used your code again. Today i bought 60H/s of Monero mining at Genesis. My code: vpIm20 :)
Boxmining (9 months ago)
Thanks so much MiningT ! Added you to the list!
Yifan Huang (9 months ago)
could you please talk about how competitive that market (where OMG target on) is in south Asia?
Billy Zaturoski (9 months ago)
The concept of OMG sounds a lot like TenX.. Also, both OMG and TenX have Vitalik Buterin as an advisor/investor.. Thoughts?
Salvador Mora (9 months ago)
Billy Zaturoski Both are involved in payments but not in the same way. Tenx is focused on the consumer part of the transaction, omg is part of the merchants end of transaction. Both techs could link up well. Tenx has expressed that working together would be awesome.
Arn zar (9 months ago)
The thumbnail lmfaooo
Eddie Beer (9 months ago)
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.
exotic junkie (9 months ago)
Hey Michael, we need MORE in a nutshell videos. Thanks bro!
Dennis H. (9 months ago)
look like NEOX which is built-in NEO
Vladimir Putin (9 months ago)
5:37 Isn't every single cryptocurrency a promise of value in the future?
Peter Pan (9 months ago)
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!)
Boxmining (9 months ago)
Thanks so much peter! i'm not a programmer but i've been trying to actively look into the technology and read the white papers
Elliot (9 months ago)
I actually asked about OmiseGo about 3 weeks ago. I bought it for 40 cents and sold at 80 cents. FML
TruGhostReaper (9 months ago)
is anyone else having issues on exodus and shapeshift trying to transfer into omg? is constantly telling me its 'currently unavailable'
The Con (9 months ago)
Cashe27 it's working now, I just did it this afternoon
Joe Hunter (9 months ago)
It's been down for about 20 hours, it sucks!!!
TruGhostReaper (9 months ago)
Patrick Thomas is it working for you? i cant check atm, at work lol
cryptopher walkin (9 months ago)
Cashe27 i had that problem about 8 hours ago.
Tudo Sobre Bitcoins (9 months ago)
Talk about dtube please 😉🔆🔆🔆
What do you think about Nexus (nxs)? I really like to hear from you .
Boxmining (9 months ago)
the phone or the coin... jk i'll take a look
Michael Ng (9 months ago)
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 ??
Kryptoknight (9 months ago)
You can now Shapehift Omisego on EXODUS wallet !
Joe Hunter (9 months ago)
It is on exodus, but system is down just now.
Yes, you can buy OMG on Bittrex.
ganguly sharma (9 months ago)
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
TheGogetafan (9 months ago)
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).
TheGogetafan (9 months ago)
Boxmining awesome! Thank you :)
Boxmining (9 months ago)
i'll take a look at binance. its on my to do list!
Andrea Lanfranchi (9 months ago)
Used your code for an upgrade of 1Th Bitcoin. My code is 6gQ3qe
Boxmining (9 months ago)
Thanks so much Andrea Lanfranchi ! Added you to the list!
Golden Pig Coin (9 months ago)
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...
Golden Pig Coin (9 months ago)
Thank you! Looking forward to that!
Boxmining (9 months ago)
can do that soon too
Roman Mazur (9 months ago)
Thanks for this video.
Roman Mazur (9 months ago)
Could you cover Red pulse in the future ?
Boxmining (9 months ago)
Awesome! Glad the video helped Roman Mazur!

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