It’s so obvious biz. Volume has been the highest ever over the last 3 months and is consistently around $100 million. Why?
The network has been released publicly and tether transactions will go live some time in the next week as I’m sure you already know. But what you probably don’t know is that currently the network fee is based on a percentage of OMG’s value. This means that the price is being kept down to allow the network to run reasonable fees. This is being changed in the next week when tether goes live to exactly 1/3rd of the Ethereum fee. Until staking comes, OMG is the only token you can use to pay the fees. The team did this to give value to the OMG token before staking goes live as well (note the OMG Network is capable of accepting any Ethereum token as fee payment but they are choosing to hold that back until staking is implemented).
Are you beginning to understand what is happening here? Exchanges can not only save 2/3rds of fees and speed up transfer of ANY Ethereum token, but they can profit even more from this by buying OMG tokens and holding them. So why isn’t the price rocketing yet? Because the fee system hasn’t changed from a percentage of OMG’s value yet as I explained above, so the price has to stay down until tether goes live in the next ~week.
The proof is in the consistent volume increase of the past 3/4 months. Exchanges are buying OMG tokens in hordes because they know it will not spike the price and because they know once the fee structure changes, nothing is stopping the price increasing exponentially. Get your head out of the sand and buy NOW.
Source for fee structure change within the next week or so: youtu.be/U45BD9ksxh8
^is a Messari mainnet convention (Messari is a 3rd party blockchain research and news site) Q&A with the COO of OMG Network. You can hear at around 16:40 & 25:00 the mainnet will go live within the next week or so.
Not many people know about this fee structure change at all biz. Not many people realise that exchanges are able to currently purchase OMG at a price that will save them over 90% of ETH fees once the network goes live. Look at the volume over the past few months, they are accumulating waiting for this exact fee structure change and mainnet going live.
>exchange buys OMG for $2 >fee structure changes >exchanges pump OMG price To $20 >exchange can now transfer ANY token on the ETH blockchain for 1/3rd the piece of the ETH chain >they pay the fees in OMG, but the rate is decided on the price of ETH >because they pumped OMG 10x, they are paying 1/10th transaction fees ON TOP of the 1/3rd discount naturally given to OMG Network >exchange pays just 1/30th the cost of transaction fees
That is an example of what exchanges are doing right now. They can save 96% on the transaction fees of any Ethereum based token and in order to do it, they HAVE to pump the price. This is gold dust to the equivalent of insider information, do with it what you want but I think you’d be a fool not to buy in before the fe structure changes and mainnet goes live.
Jace Sanchez
STOP SHILLING this absolute GOOK coin. shit is dead.
John Long
still have a bag from 2017. Wishful thinking desu
Sebastian Perry
Nigga did you read the post? There is incentive for exchanges and Omise to hold the price down below $2 Before the fee structure change because the network relies on fees as a percentage of OMG at the moment. More expensive OMG = more expensive transactions.
Once the fee structure changes to ETH based, incentive for exchanges and Omise immediately switches to pump the price as high as possible. Just look at the fucking volume increase to understand that exchanges are intending to do exactly that
I swear to god biz complains about all the scam tokens posted here constantly, but this has an actual working product with a reputable company (largest payments provider in south east asia) behind it, and you’re one of very few people to know all of the above before any of it is priced in, and you call it a scam. I bet you own Unipower or ghost you fucking retard
Grayson Cooper
It’s wishful thinking but he’s right about the incentive for the price to be held down until the fees change. Just have to wait and see but I’m hopeful, and people usually do follow incentives in crypto
Carson Thomas
I want to believe fren. may as well put 1000$ in it. But let me hear what would you shill except this skater token. If I had 10k$, where to put it for sweet gainz?
Thomas Morales
Yes this is correct. Nothing can be certain, but it looks very likely that exchanges are accumulating, and why wouldn’t they of it can save them 90%+ of all ERC20 and ETH transfers. That’s millions of dollars a month for exchanges
Brody Hughes
hey fagwit >NEWS FLASH traffic DOES NOT cause prices/value to rise for crypto. if it did mETH would have increased on value when tether went live on ethereum's network. that did not happen. kys dumbfuck
BTC, ETH, LINK, BAT, NEO, XLM would all make a balanced pftl. Never buy shitcoins with less than 1 million daily 24hr volume because you will lose your money.
Benjamin Martinez
> nigga zoomer alert. zoomer alert. do not listen to this idiot child if you want to make money. buy BTC. it's the only coin that matters.
Owen Gonzalez
Who said anything about traffic? Did you read the post? This is about network fees and how exchanges can save 90% or more of their transaction fees by pumping OMG next week
Oliver Cooper
>not taking good advice when it’s given to you on a plate ngmi
Matthew King
to be fair literally your second sentence was about volume/traffic.
Traffic = amount of ETH/ERC20 tokens transferred over OMG Network
Alexander Howard
KNC
Joshua Gray
ok thanks for clearing this up.
Landon Stewart
>you can't even post an actual decent resolution of that meme Can’t even imagine my life going so wrongly that I ever consider stringing these words in that order
1000 to buy a personal Thai ladyboy for life 3000 is a make it stack 5000 to be a sik cunt
Brayden Peterson
3000 k
Michael Perez
OMG is going to have a legendary moonrun and the fudsters will weep in the streets.
Dominic Rivera
Isn't there also a PUA burn phase? So that would incentivise them to keep the price low, that way more tokens get burned.
Owen Smith
what discord are you all from?
Juan Nguyen
No, PoA stage will not include burning tokens, instead the team made OMG the only way to pay fees during PoA stage to give the token more value. From here the plan is to develop and finish Proof of Guarantee style staking, which will complete the network
Kevin Perry
rent free
Brandon Campbell
So how much time do I have left to buy thisbefore the great pump? I need to accumulate more, want to ride some PND before I buy this for max gains. What’s the deadline? Sunday?
Hudson Powell
We don’t know. None of this is common knowledge and all they say in the video above is “next week at some point”. The video was posted last week though
Adrian Reed
What video, can you post some sources? This is interesting.
Zachary Flores
Nvm i see it now. Will look into this and report later. Ill buy in after ghost announcements.
