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File: 5 KB, 200x200, omisego.png [View same] [iqdb] [saucenao] [google]
7062220 No.7062220 [Reply] [Original]

> I will just leave this here

The more partners / merchants / other coins / DEX / etc. who will use the OmiseGO network - the more valuable single OMG token will be because there will be bigger demand for approvals inside the network. That means the token value will rise because each token will earn more frequent staking rewards. In theory, OMG token value can rise indefinitely. This is what most people forget to see - they see only the initial value of the token with the set number of merchants and do not add into equation the growth of the OmiseGO network, which affects the value of the OMG token a lot. This is also why the single OMG token will be valued insane high even if the network will produce relatively small staking fees - because the number of transactions will be humongously Plasma big and the rewards from a single OMG token will be crazy.

>> No.7062356

And the fact that the tokens are locked away in a smart contract while staking. When staking turns profitable and easy, most people would lock them away. If people choose more OMG as the reward for validation, with all the fomo, it will naturally create a high demand.

>> No.7062449
File: 165 KB, 555x331, mcd.png [View same] [iqdb] [saucenao] [google]
7062449

>>7062356
Exactly. Also, the fact that they partnered with McDonald's is even better than if they'd e.g. partnered with IBM. Because McDonald's is THE merchant with a fuckton of transactions. These are the kind of partnerships that staking coins need, not some "high tech" companies that bring basically no value to the token itself. I can't wait to get shares from each burger.

>> No.7062527

>>7062449
Depends. If its calculated as percentage of the amount transacted, its better with just high volume than many transactions. Ill still buy a QP in Thailand as pic related and enjoy myself extra though

>> No.7062578

Looking forward to the townhall event tomorrow

>> No.7062671
File: 25 KB, 342x512, 02mbmb.jpg [View same] [iqdb] [saucenao] [google]
7062671

OMG will go over 500 dollars this year.

>> No.7062734

>>7062671
When is the first major moon mission? I have none and need to accumulate ASAP

>> No.7062758

>>7062671
Oh man she had two amazing BangBros scenes getting facials from Preston Parker.

>> No.7062764

>>7062356
You and me both!

>> No.7062866
File: 175 KB, 400x594, tumblr_lo4udqoQBB1qbohddo1_r1_400.jpg [View same] [iqdb] [saucenao] [google]
7062866

>>7062734

>> No.7063148

>>7062764
This comment was ment for
>>7062578

>> No.7063228

>>7062734
buy NOW, town hall 31 of January check coinmarketcal with an L not a P

>> No.7063282

Will it be simple to stake OmiseGo as a brainlet?

>> No.7063386

>>7063228
Why the FUCK. Is everything on the 31st. My aion and ICX are supposed to pump then as well

>> No.7063441

>>7063386
I'm having a lot of trouble choosing right now between AION or OMG in the short term. AION is a lot lower in mcap but idk

>> No.7063463

>>7063282

I answered you here. >>7063413

>> No.7063482

>>7063441
aion will pump with wanchain once it is released

>> No.7063512

I wish I had so much more omg than I do, I literally got into crypto like a day after it first mooned last year.

I'd like to stake it but at the same time that would mean the majority of my capital tied up.

>> No.7063571

>>7063386

I'm in the same place, I'm considering selling icx just before the news if I get enough gains out of the pump, if it even does pump.

>> No.7063625

>>7063512
I got into crypto the day NEO mooned, I remember watching it sky rocket on Bittrex and people going crazy on biz, I got into OMG after that.

>> No.7063646

Stop your shit now and just buy BZC

>> No.7063693

>>7063463
Thank you for the kind words, anon, but I just need to know if it's going to require a lot of technical work on my end.

>> No.7063804

>>7063693
look it up

>> No.7063812

>>7063693
No it wont. If it does there will be step by step guides everywhere, so dont worry friend

>> No.7064015

https://www.ccn.com/starbucks-chairman-interested-cryptocurrency-market-just-not-bitcoin/
Starbucks mentions OMG after Stripe did last week. Ball is rolling boyos

>> No.7064049

>>7063625
I think that it will be pretty simple don't worry anoonymouse :)

>> No.7064247
File: 305 KB, 680x677, d1e.png [View same] [iqdb] [saucenao] [google]
7064247

>tfw want to get more omg
>tfw literally no money
>dont get my bennies until 2nd

>> No.7064349

>>7062671
>tfw i still wouldn't be a millionaire if that were to happen

>> No.7064471
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7064471

>>7064015
This is becoming more clear now. Starbucks doesn't want Bitcoin as their main payment method for digital cryptocurrency. So Starbucks is leaning more towards OMG because they already have process payments for McD's in Thailand. XLM could also be included because they have partnered with Stripe.
>But, Schultz and Starbucks are awaiting for a cryptocurrency that large-scale retailers are willing to embrace as a payment method that is also easily accessible by the public.

>> No.7064513

>>7064349
Friendly advice. Pump everything what you can into OMG. Put your 3-4 wagecuck earnings into OMG. Set staking rewards as OMG when they deliver staking. Pump your rewards into more staking of OMG. And then you will be a millionare in a relative small time frame. Just don't fucking wait, it will eventually moon and you won't be able to catch up. Just fucking do it. This is a single chance in your life to enjoy being a rentier. I'm not even trying to shill, this is a fucking friendly advice.

>> No.7064546

>>7064513
But I’m all in on FUN and RLC.
Fuck I need to get more wage cucking money but I have bills to pay...

>> No.7064568

>>7064513
Ive went balls deep twice now in omg. Half a year inbetween. I share your vision

>> No.7064671

>>7064546
This is your choice. My advice: Sell that shit and pump it into OMG for fucks sake. Those tokens are just many in the sea of shit. Everyone who is CURRENTLY hodling OMG will be a fucking rentier.

>> No.7064739

>>7062220
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>> No.7064802

>>7064739
>2018
>still not accumulated enough OMG

>> No.7065166
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7065166

Poorfag here. Got only 150 OMG. Am i able to buy at least couple hookers with them when it moons?

>> No.7065215

>>7065166
You can already do that anon. Such a waste though

>> No.7065258
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7065258

BAT for OMG?

>> No.7065616

How come OMG is such a small coin in terms of marketcap? Why are so few people speculating on this?

>>7064513
i'm not a wagecuck though. I run my own business.

>> No.7065639

>>7065258
BAT especially. That coin has no future. Nobody wants to pay for online content. Moreover, for a fucking free content. Only idiots thinks BAT would be widely used. It was only a flavor of the day because some youtubers thought they could make money from normies and because BAT team were giving $10 for each new registered wallet. Sell that shit and pour it into OMG. Your future self will thank you big time. Just fucking do it.

>> No.7065740

Is 300 enough? Where does that put me eoy?

>> No.7065772

>>7065616
>How come OMG is such a small coin in terms of marketcap? Why are so few people speculating on this?
Because people are dumb and fall for normie coins like xvg, xrp, trx etc, or flat out meme coins like BAT and FUN.

>> No.7065882

>>7065740
This is a pure speculation, but with the current trend and what is coming the $60k - $300k for you could be resonable. Without staking rewards of course. With staking rewards your EOY would be even bigger.

>> No.7065903

>>7065772
Why do you think FUN is a meme coin?

>> No.7066040

>>7065903
Because online casinos exist currently with no issues whatsoever that require the use of a blockchain or the fun platform. There are already casinos that accept cryptos for deposits/withdrawal.

>> No.7066186

>>7066040
^This. The FUN token is not needed for the concept. Real casinos already accept crypto.

>> No.7066445

>>7062758
name ?

>> No.7067218

>>7066445
Bea flora

>> No.7067261

>>7062220
do they have a partnership with softbank and musk

>> No.7067747

>>7067261
> softbank
yes, confirmed
> musk
not confirmed

>> No.7067831

>>7067747
citations for confirmed. Its only rumours

>> No.7068054

>>7062449

Best part is, that this is only the beginning. Image the amount of fucking transactiosn they do 4-5 years from now.. I can only get so hard when thinking about the staking returns in 2021.

>> No.7068493

What's the minimum amount to make it? I'm sitting on a couple OMG right now but thinking about dumping my significant ICX bags for it

>> No.7069427

>>7068493
It sounds to me like anons are predicting eoy price anywhere from $200-$1000 (or more if staking becomes reality).

>> No.7069719

Brainlet here, how does staking omg work?

>> No.7069757

Worth selling off some of my ETH for OMG?

>> No.7069999

>>7069719
You lock your OMG in a contract for a given length of time, during this time you must validate transactions with your hardware. At the end you get your tokens back with interest. This is just the gist of it, they have not revealed specific amounts for anything yet.

>> No.7070314

>>7065616
>Why are so few people speculating on this?
most people legitimately don't understand it. every time an omg thread is made there are an alarming amount of posts that don't even seem to understand what the purpose of the token is. Compare this to something like ripple where all you need to say is "bankers bitcoin that's only $2" (I'm not shilling ripple, just an example)