Huobi Pro launches OmiseGo

Chinese cryptocurrency exchange Huobi Pro announced launch of OmiseGo token on its platform
13 November   364

On November 13, Huobi Pro, a digital asset exchange for cryptocurrency traders and investors announced launch of token of OmiseGO, a public Ethereum-based financial technology for use in mainstream digital wallets, which enables real-time, peer-to-peer value exchange and payment services across jurisdictions and organizational silos.

The announcement was made on the official website of Huobi Pro and appears to be the main piece of news for the exchange platform as it is presented in the home page of exchange.

Huobi Pro to launch OmiseGO token OmiseGO launches on Huobi Pro

Huobi Pro launches OmiseGO on November 13th, 2017, and deposit starts at 14:00 UTC, November 13, 2017. OMG/BTC and OMG/ETH trading starts at 14:00 UTC, November 14.

OmiseGo token takes the 1st place in full tokens list ranged by market capitalisation, being currently traded at $7,66 price and having market cap of $781 million. During past 24 hours its price rose by 12,76% which might be linked to the abovementioned announcement.

Top 5 tokens list Top 5 market capitalisation tokens list

Initially, the OmiseGO network states to be intrinsically agnostic between fiat and decentralized money, as far as adoption and usage go, the system is believed to be constructed so that the best currencies will have the opportunity to win.

Two weeks ago chinese currency exchange Huobi announced the withdrawal from Bitcoin industry.

OmiseGo Opened Plasma MVP Repository

OmiseGo announced that Plasma MVP repo is available on GitHub and the developers are working on the project which should bring a scalable on-chain exchange without sacrificing security
18 January   157

Plasma is project based on blockchain technology developed by Joseph Poon and Vitalik Buterin. Plasma uses child chains reporting to root chains in order to increase transaction throughput without any of the safety concerns that usually come with using smaller chains. As it is stated by the developers of the project, OMG exchange was created in anticipation of Plasma.

Plasma will be used to support a scalable, fully on-chain exchange aiming to make it entirely secure.

The principles of Plasma work are the following: to perform a deposit, users should move assets from a parent chain to a child chain by transferring them to the appropriate Plasma smart contract on Ethereum.

At the moment of press, these are main market parameters of OmiseGo token:

  • Average price: $19,00
  • Marketcap: $1 939 237 062
  • 24h volume: $111 646 000