The OMG token is now available on Bitso Alpha and will be available soon on the Bitso app.

During recent months we have listed cryptocurrencies focused on different sectors, now it is the turn of Ethereum’s scalability.

The OMG project started in 2017 during the “initial coin offering” (ICO) boom; At the beginning, OMG was focused on being a payment platform that used blockchain technology. By June 2020, the team behind OMG changed their focus to become a scaling solution for Ethereum.

What’s the purpose of the OMG token?

The main purpose of the OMG token was the payment of transactions on the OMG network; furthermore, users could secure the blockchain through staking. OMG staking is not available on Bitso.

Important: Bitso only supports OMG on the Ethereum blockchain. Any deposit from another network (BSC, Polygon, etc) will result in the loss of your tokens.

Stay tuned for new cryptocurrencies…