$OMG token is listed on over 130 exchanges and has over 700K holders.
The original team has moved on, making it possible for OMG to become the only L2 that is 100% governed by the token holders.
Just got. to See from @hmalviya9 post that 👇
The first ever crypto Airdrop was done by omisego
5% of the total supply was distributed to those who held 0.1 Eth and above at that time.
Date: 23 Aug 2017
History started but I was not there 😢
First crypto airdrop ever 👇
OmiseGO became the first crypto project to do an airdrop.
They gave away 5% of their token supply to anyone holding just 0.1 ETH or more.
The date — 23rd August 2017.
I remember Omisego ($OMG) ran to like $20...now $0.16...is it completely cooked? Or some sort of magic comeback to happen?
Top holder owns 18.49% @ $4.33MM valuation
Still 658K holders..
🤔
🚦Vitalik Buterin believes Plasma could make a resurgence as the basis for Ethereum scaling solutions. In a new blog post, Buterin argues Plasma could underpin EVM validium chains. However, many Ethereans remain skeptical of Plasma.
Read More:
https://t.co/AZ3ymmDuaa
@cryptostack6 Hello. The official OMG Twitter is maintained by members of the original OMG team. OMG is no longer affiliated with Omise, SYNQA, OPN, GBV, Enya or the OMG Foundation or Boba Foundation.
OMG is now a 100% community-led DAO. Please send a DM here to get involved
$OMG token is listed on over 130 exchanges and has over 700K holders.
The original team has moved on, making it possible for OMG to become the only L2 that is 100% governed by the token holders.
When Vitalik mentions plasma in a blog post and you know what he’s talking about bc you learned the fourth state of matter in third grade science class
@RobertLe1982 Who needs gas fees when OKX's "X1" L2 chain on Polygon is here, powered by OKB and ready to rock!
Vitalik Buterin brings back Plasma with a bang, and Omisego is leading the way to the plasma party!
Ethereum co-founder Vitalik Buterin has recently expressed his support for Plasma, a Layer 2 scaling solution for Ethereum. This endorsement has led to a significant increase in the value of the OMG Network token, which surged by 10% following Buterin’s comments.
Plasma, which Buterin also created, is designed to allow the Ethereum blockchain to handle much larger data sets than currently possible. It achieves this by creating child chains that run in parallel to the main Ethereum chain, thereby increasing the network’s overall capacity.
Vitalik Buterin Praises Plasma
Buterin’s recent comments have sparked renewed interest in Plasma. He described the technology as “underrated” and suggested it deserves another look. This has led some to speculate about a potential resurgence of Plasma, with enhancements that could further strengthen the Ethereum network.
In addition to Plasma, Buterin has also strongly advocated rollups, another Layer 2 scaling solution. He has previously stated that rollups could be the “gold standard” for Ethereum scaling and that they could increase Ethereum’s transaction capacity by a factor of 100.
The recent surge in the value of the OMG Network token indicates that the market is responsive to Buterin’s views. As one of the key figures in the crypto industry, his endorsements can have a significant impact on investor sentiment.
However, it’s important to note that while Layer 2 solutions like Plasma and rollups can greatly enhance the scalability of Ethereum, they are not without their challenges. Coordinating the implementation of these technologies requires intense collaboration and careful planning.
As Ethereum continues to evolve, it will be interesting to see how Layer 2 scaling solutions like Plasma and rollups are integrated into the network. With the ongoing development of Ethereum 2.0, these technologies could play a crucial role in shaping the future of the Ethereum ecosystem.