OmiseGO

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Omise
IndustryFinancial Services
Founded2013; 5 years ago (2013) in Thailand
FounderJun Hasegawa
Headquarters,
ProductsPayment system, Cryptocurrency
Websitewww.omise.co

OmiseGO is a company hoping to build an open payment platform and decentralised exchange running on the Ethereum public blockchain.[1][2][3]

OmiseGO's stated objective is to provide better financial services for everyone, including both people who use traditional banking services and people in developing countries and locales which lack traditional banking infrastructure.[3][4]

Its token OMG was the first Ethereum initial coin offering to exceed US$1 billion total market cap, in August 2017.[5]

OmiseGO Pte Ltd is a subsidiary of Omise Pte Ltd, a payments processor in south-east Asia.[1]

History[edit]

OmiseGO was started by Jun Hasegawa and Donnie Harinsut, the founders of Omise, in 2017.[6] OmiseGO's initial coin offering in 2017 raised over USD $25 million,[1] turning down over USD $100 million in the process,[7]

OmiseGO's advisors include the co-founders of Ethereum: Vitalik Buterin[8] and Gavin Wood.

Project[edit]

The publicised plan for the OmiseGO blockchain was to be a fully on-chain and massively-scalable decentralised exchange, liquidity provider mechanism, clearinghouse messaging network, and an asset-backed blockchain gateway.[2][3]

It was scheduled for launch in Q4 2017, but is not yet operational.

References[edit]

  1. ^ a b c Leesa-Nguansuk, Suchit (1 August 2017). "OmiseGo opens up e-wallet payments". Bangkok Post. Retrieved 23 September 2017.
  2. ^ a b Joshi, Divya (19 September 2017). "These are the trends affecting the cryptocurrency market in 2017". Business Insider UK. Retrieved 23 September 2017.
  3. ^ a b c Rusell, Jon (30 May 2017). "Omise to raise $19M in first cryptocurrency sale from a major VC-backed startup". TechCrunch. Retrieved 23 September 2017.
  4. ^ Cuen, Leigh (31 May 2017). "Initial Coin Offerings Go Mainstream: Omise and Kik Announce Cryptocurrency Sales". International Business Times. Retrieved 23 September 2017.
  5. ^ Russell, Jon. "The first ICO unicorns are here". TechCrunch. Retrieved 2017-12-16.
  6. ^ Allison, Ian (18 September 2017). "Ethereum stalwarts Digix Global and OmiseGO back Japan's GB Blockchain Labs". Retrieved 24 September 2017.
  7. ^ Russell, Jon. "Fintech startup Omise raises $25M in ICO that bucks 'money grabbing' trend". TechCrunch. Retrieved 2017-12-16.
  8. ^ Cuen, Leigh (8 September 2017). "What Vitalik Buterin Says About Initial Coin Offerings". International Business Times. Retrieved 24 September 2017.

External links[edit]