Buy OmiseGO (OMG)

Yes, you can buy at Anycoin Direct OMG with PayPal. You can also pay with credit card (VISA, MasterCard), SEPA, Sofort and EPS bank transfers from your bank account.

The PayPal platform is simple and fast. It is very easy to carry out transactions with just a few clicks. If you want to instantly buy OMG with PayPal, you don't have to enter your bank details every time. Therefore, money transfers with PayPal are completed within a few moments. In addition, PayPal has been around for 25 years and is one of the largest payment methods in the world. Anycoin Direct allows you to buy OMG with PayPal.

No. It is not possible to deposit OMG directly into your personal PayPal wallet.

Provide us with your OMG wallet address, while buying OMG and we will send it to your wallet. Other than that you can store OMG in the Anycoin Vault.

In the Vault you can easily and securely store, exchange, sell or buy your crypto. This is because Anycoin Direct uses cold-storage, which makes it extra secure. When you use the Anycoin Vault, you pay fewer transaction fees, your cryptocurrencies are stored securely and you can easily and quickly trade between cryptocurrencies.

No, as with Bitcoin holdings, you can only buy a fraction of a OMG token.This means you don't have to buy a whole OMG, but can opt for 0.1 OMG , for example. With Anycoin Direct, you can trade for as little as €10.

Yes, its safe to buy OMG Coins at Anycoin Direct because we have advanced security techniques and are officially licensed by BaFin. Buy OMG safely with us with a wide range of payment options.

Yes, OMG is legal in Europe. You don't have to worry about the legality of buying OMG.

Germany has some of the friendliest crypto tax regimes in the world. If you hold cryptocurrencies in Germany after one year and then sell them, it's completely tax-free. Additionally, you won't be taxed if you have less than €600 in short-term capital gains.

You only have to pay tax if your short-term capital gains are more than €600 per year or if you earn income from cryptocurrencies.

No, identification is mandatory for all our customers. We are obliged to carry out a thorough customer check. This is done according to the “know your customer” (KYC) principle.

Yes, you can. All you have to do is select that it is a business account when registering and you can safely add cryptocurrencies to your crypto assets portfolio.

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The OMG Network serves as a layer-2 scaling solution for the Ethereum blockchain, with the only difference to the current scaling soultions being, that is already in use for merchants and is also seamlessly transacting cash from various sources.

Its OMG Network V1 Mainnet Beta is live since 2020, which is since then expected to stop network congestions on the Ethereum Blockchain.

Opn Payment as the parent company, who developed the OMG Network is basically the fundament on which the OMG Network builds up. Like Ripple Labs, XRP merchants and other actors using their network might use Ripple Labs technology for transactions, rather than the Ripple Blockchain, which serves for XRP transactions.

themselves state that their whole network consists of basically three layers:

• Acceptance Layer:Serves as an easy global integration solution where the OMG Network transactions should be used to include various payment methods, such as Credit/ Debit Card/ eWallet/ APMs/ Cryptocurrencies/ Points/ Mileage/ Game Items/ Contract/ IPs

• Decentralized Exchange Network Layer: Helps facilitate digital assets being traded on the Network, which scales the Ethereum Network to one of the fastest transaction processing speeds, also benefitting from Ethereums security features.

• Decentralized Cash-in/ Cash-out Layer: Which could be Agents/ ATMs/ OTC/ cash-in/ out to/ from the OMG Network

With the help of the Plasma framework, which was abandoned from Ethereums core development team, they tried their luck in helping solve the blockchain trilemma. They amended the Version "Minimal viable Plasma" and developed it into "More Viable Plasma".

While trying to solve the blockchain trilemma of security, decentralization and speed the latter became less prioritized by the Ethereum community, since they wanted to completely redesign their network into what we know as Ethereum 2.0 since "The Merge" in 2022.

Technically Plasma is an own blockchain by being a layer-2 scaling solution as well. Like Optimistic Rollups the OMG Network batches its transactions together, which like in a car pool decreases the number of transactions in total and thereby also the likelihood of errors.

Plasma is a framework designed to execute smart contracts, with higher capacity and efficiency, so that there is a potential to facilitate billions of state updates per second. This ultimately could lead to a blockchain to replace server farms, which are currently used for processing transactions.

Plasma Architecture used in the OMG Network

The Plasma Architecture of the OMG Network consists of 3 Entities:

• Smart Contracts get published blocks from the Operator and the provided exit data from the Watcher and sends it to the core Ethereum blockchain

• Watcher: Submits transactions to operator and provides exit data to Smart contracts. Additionally it monitors netowork activity for irregularities and ensures the data sent by the Operator is correct.

• Operator: Publishes blocks, containing batches of transactions, and sends them to the Smart Contract

The OMG Network though has high scalability and security, it is on the expense of the decentralization, since the Operators, which deliver the computing power for aggregating transactions, producing blocks, etc., are all fully centralized.

With the improvement of the Plasma framework, the OMG Network achieves higher TPS (transactions per second) and lower costs than one would have using the Ethereum Network.

Either way they want to bank the unbanked, OMG Network used to have the slogan "unbank the banked", referring to the use of their blockchain technology and the ethos behind crypto.

The western World might not have heard of the OMG Network and its parent Opn Payments, just yet, but they also want to dive into the Chinese Market, where the use of digital transaction methods such as WeChat, AliPay are already in place.

It provides tools to merchants, which seamlessly integrate the OMG Networks payment solutions and open up possibilities where payments using crypto are possible with one line of code. One of them is the OMG Network - eWallet Suite, which is an Open source toolkit, developed my the OMG Network, which is offered to merchant, users and businesses for free.

This Open Source Toolkit is made up of many different tools and components, that make it useful for businesses for free. It has a SDK for Android, iOS and Ruby.

When the enterprise is conneced to the OMG Network, they can start to receive and send ERC-721 and ERC-20 Tokens. Furthermore a tokenization of any other digital assets or fiat currencies is made possible on the OMG Network as well.

This is particularly useful for companies, which want to integrate the payment network OMG, to their business. They may use the eWallet Suites tools for free, thereby incentivizing the use of Opn Payments with that increasing their market share. In return they can mint and track their digital assets, next to withdrawing and transacting them.

It is an ERC-20 Token until the OMG Network launches its own Mainnet. The protocol, which will be used for the blockchain, is going to be proof-of-stake, where users which staked their assets will randomly be selected to create the next block.

Once the Mainnet is live validators on the plattform will have the duty to assist with settling plasma off-chain transactions. Staking is not yet available directly on the OMG Network, since its Mainnet still operates on Proof-of-Work. Although, one can wrap the OMG-Token and thereby bridging the tokenized OMG-Tokens to other networks.

Staking is the end-goal of the OMG-Token, as soon as the Mainnet launches.

During the ICO in 2017, OmiseGo (now OMG Network), distributed their tokens in this manner:

• 65% to Investors

• 20% to cover expenses

• 10% to developers

• 5% planned for future airdrops for ETH-Holders

Omise was initially founded by Jun Hasagawa, who established the company in 2017, who had experience in e-commerce and mobile payments for more than a decade before starting his own company. Currently

Partnerships of Opn Payments - The Mother Company behind OMG Network

• Nomura: for Europeans, Nomura one of the biggest Banks in Asia with a market share of more than 40% in Japan! They have an undisclosed amount of holdings in the Mothercompany Opn Payments

• MVL Blockchain Collaboration: Mass Vehicle Ledge (MVL) develop a proof-of-concept to pursue technical collaboration and blockchain research. MVL wants to use the OMG Network in order to store their data on a blockchain.

The first life-cycle test was taken before the launch in July 2020 and laid the fundament for the project to expand their ecoystem and all their future developments of the OMG Network.

OMG Network Roadmap

The Roadmap stated, that we will see several different focus areas:

• Fueski (delivered): eWallet repositories, which included a server and mobile SDKs to onboard eWallet providers. Blockchain integration will be the next step

• Sente (in progress): Feedback for the closed beta and Fueski

  • redesigned administrative dashboard

  • transaction request flow (QR codes) to eneable peer to peer payments between users

• Honte (spooned/ stopped development)

• Teseji (in progress): will represent OmiseGO's first implementation of Plasma. Includes:

  • Proof of Authority run on OmiseGO servers.

  • Exit to Ethereum for final safety.

  • CLI to monitor the child chain.

  • Atomic swap support (note that orders are not firm)

  • Multiple currencies

• Aji (on Deck)

  • support for fiat, debit/ credit cards, top-up/cash-out, Omise Payment

  • Plugin support in the eWallet SDK for cash-in/cash-out

• DEX

  • the implementation of a decentralized exchange is split across two phases.

    1. maintaining a centralized service to provide an order matching service

    2. full decentralizes the exchange by moving the order book and order matching process into the plasma chain

    3. implementing NFTs for usecases in ticketing, and unique in-game items

• Proof of Stake

  • Staking introduction on the OMG Network own blockchain

  • later on also developing the full proof of stake, where the operator won't be required anymore

• Shinte

  • enhancements to the DEX, to mitigate unfair advantages for validators

  • order binding

• Tengen (Goal)

  • is reached when the OMG Network has a DEX, uses PoS, is highly scalable and interoperable across multiple blockchains