I like digging as deep as possible when it comes to researching my coins. OmiseGO has intrigued me so I figured it would be good to start with it.
How many of you research before you buy, or just go with what others say?
So, the first thing I want to see is the website with the purpose and the team.
OMG is an Ethereum based cryptocurrency and according to their website it's designed to enable financial inclusion.
Omise is a company founded in 2013 and operates in Thailand,Japan, Indonesia, and Singapore. Omise is a payment gateway company for Asia. The company helps businesses establish methods of payment.
Looking at the team I see there's a few crypto names in the bunch.
First there's the CEO of Golem, Julian Zawistowski. I'll have to go into Golem on a different post because it's an interesting project and deals with people renting out their computer's power. Julian Zawistowski in an interview with wetrust talked about the blockchain space. He talked about how the growth of all the crypto is a double edge sword. He mentions that the technology having coins provides financial opportunities, but it takes away from the technology which is the whole point.
The CEO of Omisego Jun Hasegawa has experience in the startup world. He has started other payment companies before Omise and founded several tech companies in Japan.
Jun Hasegawa Isn't Just a Name
I like knowing some of the people on the team are out there talking about their feelings on crypto and while I really wish he had a Twitter, he's not just some name out there like other crypto CEOs. (OmiseGo does have a Twitter presence)
He gave an interview to agent.media and here you learn a bit more about how OmiseGo came into existence. They had Omise and were on the cusp of launching their e-commerce company in Thailand, but there wasn't payment gateway they could use. Someone who'd invested suggested they start their own payment gateway and OmiseGo was born. It allowed customers to pay without high fees, and lots of documentation the other payment systems required. When asked his advice on people starting their own companies, he said, "before thinking about fundraising, think bootstrapping."
OMG is at $8.60 right now. It had a bit of a wild ride when it was added to Poly and Binance but it still didn't bust above $14.00. I'm holding for now, I bought in around $12.00. There is a lot of buzz about it on Twitter right now, but I'm watching for the breakout. Seems like it might be better as a longterm coin, what do you think?
I've just recently sold a bunch of OMG to get some profits out. It's been the only consistently positive coin during the china rumors downtrend recently.
That's awesome! They had released this about the regulations. Another positive about OMG