What is OM Coin (oma coin)?

What is OM Coin? OM Coin is a decentralized protocol that solves the problem of high transaction fees and expensive gas fees in the Bitcoin network through blockchain technology. According to Coinmarketcap data, among the top ten tokens by market capitalization, seven of them have been listed in the past 24 hours. The largest of these tokens, omum (OCEAN), is priced at $0.05, followed by COMP, a DEFI project on Ethereum, with a price reaching up to $0.048. The other three tokens have also increased to over $0.3.

After introducing OM, we can understand this concept from three aspects: first, it is a ERC20-based digital asset developed by the Ethereum Foundation; second, it is an open-source platform for creating and managing DeFi applications; third, it provides a decentralized financial service, including an alternative solution to accessing cryptocurrencies for banks and other institutions. (Medium)

What is oma coin

According to official sources, oma coin is unrelated to the OmiseGo protocol. OmiseGO is a network application platform developed based on blockchain and cryptographic technologies. It is an open network platform that allows anyone to create and distribute decentralized applications (DApps). Its goal is to make all DApps easily run on the blockchain in the future. OmiseGO aims to organize and release various types of products and services in a user-centric manner. Currently, OmiseGO supports transactions on the Ethereum and Polygon networks.