OmiseGo (OMG) is an ERC-20 token developed on the Ethereum blockchain. The parent company Omise is a payment gateway service provider in Southeast Asia. OmiseGo was developed to create OMG money gateway for payments, trades, remittances, and other financial transaction over the Ethereum blockchain. OMG consists of several layers i.e. decentralized exchange, scalability network mechanism, and decentralizes cash in/out layer. OmiseGo as a decentralized exchange is highly scaleable over theShow more [+] Ethereum blockchain using Plasma architecture. The OMG network can also interact with other blockchains such as Bitcoin using smart contracts, and fiat token thus creating a universal global transaction platform. OmiseGo provides the freedom to perform peer to peer financial transactions, send or receive payments, B2B commerce, and asset management.
The OMG token was the concept of Jun Hasegawa and Donnie Harinsut who are co-owners of the Omise company. A promiment OMG advisor is Vitalik Buterin, the co-founder of the Ethereum. However, OMG is not owned by a single company or developer. It consists of the publically owned distributed network of validators which enforces the behavior of the participants.
The purpose of creating OMG is to move the money quickly in both domestic and international setups. OMG enables fiat currencies to be issued and sent digitally using OMg's improved payment system.
Friendly reminder that trading is better than simply HODLing (story)
I wanted to find a relatively low-risk, low-maintenance kind of bot that I could set up, check to ensure it’s running properly, and then basically leave it alone. I wasn’t looking for 10x profits, I just wanted something better than simply HODLing.
I chose 3Commas as the platform because the general consensus was that their grid bots were a decent tool. It was pretty easy to set up, and I did some tests just to see how the bot functioned. It did what it was advertised to do, so I put some real (for me, at least) funds into it and let it run for two and a half months.
The profit numbers don’t look amazing, but keep in mind I barely had to do any work for this after I set up the bot. I checked it every couple of days to make sure it was okay, but other than that I didn’t touch it. I didn’t have to sit behind a computer monitoring the price charts or make a bunch of manual trades. I barely had to think about it.
Sure, I’ve got other coins and other bots with more aggressive strategies that require my attention, but the more I use these grid bots, the more I like the idea of making some passive income rather than accumulating and hoping the price goes through the roof.
All right, so I wanted to find a relatively low-risk, low-maintenance kind of bot that I could set up, check to ensure it’s running properly, and then basically leave it alone. I wasn’t looking for 10x profits, I just wanted something better than simply HODLing.
I chose 3Commas as the platform because the general consensus was that their grid bots were a decent tool.
It was pretty easy to set up, and I did some tests just to see how the bot functioned. It did what it was advertised to do, so I put some real (for me, at least) funds into it and let it run for two and a half months.
The profit numbers don’t look amazing, but keep in mind I barely had to do any work for this after I set up the bot. I checked it every couple of days to make sure it was okay, but other than that I didn’t touch it. I didn’t have to sit behind a computer monitoring the price charts or make a bunch of manual trades. I barely had to think about it.
Sure, I’ve got other coins and other bots with more aggressive strategies that require my attention, but the more I use these grid bots, the more I like the idea of making some passive income rather than accumulating and hoping the price goes through the roof.
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