OMG Kings

[Anonymous No.19940193]

On the 29th of June 2020 the year of our lord, a series of events will set in motion long ago will usher in one of the most extensive rallies crypto has ever seen.

99% of USDT across all chains will run on erc20 ethereum protocol, and the majority of that will run on the OMG Network child chain. At the same time, OMG Network will alter its fee rate to base it on ETH, freeing the token from shackles allowing it to find a naturally higher speculative price.

This will set in motion an immediate and coordinated pump by all exchanges and tether in order to make OMG tokens more valuable and therefore decrease fees.

Events were set in motion long ago. You have been warned.

[Anonymous No.19940220]

>>19940193
> anonymous opinions stated as fact

[Anonymous No.19940693]

>>19940220
Where’s the opinion again?

[Anonymous No.19940925]

>>19940693
>This will set in motion an immediate and coordinated pump by all exchanges and tether in order to make OMG tokens more valuable and therefore decrease fees.
here
OMG is my largest crypto holding by far, i dont think you understook the Cicero quote

[Anonymous No.19940945]

I thought Tether was on Omni? When did it go to that Tron shit?

[Anonymous No.19941002]

>>19940945
USDT has not really used on omni for years now as erc20 is way cheaper.

[Anonymous No.19941033]

Daily reminder that tether is the only thing keeping this shit show going

[Anonymous No.19941036]

>>19940945
Tron is the 2nd largest mover of tether behind ethereum at the moment, although not for long obviously lol

[Anonymous No.19941100]

>>19940193
You've been posting this several times a day. All the while OMG continues dropping back in the direction of its lows. Those bags getting too heavy for ya kid?

[Anonymous No.19941132]

>>19941100
>OMG does exactly what I said it does
I’ve been saying the price is being held down because of the fee structure for weeks and guess what, it is!

[Anonymous No.19941151]

>>19941100
>See? I want the price to go down
The absolute cope. You guys are giving XRP fanboys a run for their money.

[Anonymous No.19941228]

>>19941151
>seething
>doesn’t understand
>replies to his own post calling it cope
I’m starting to see why you aren’t capable of sound investment

[Anonymous No.19941505]

So its because TRX doesnt anymore want to be associated with this criminal scam. Bullish for TRX.

[Anonymous No.19941602]

>>19940193
Where do you see the timeline of changing of fee structure? I can’t find it

[Anonymous No.19941661]

>>19940193
I’m bullish af on OMG generally but exchanges suppressing the price now doesn’t make any sense anon. they’re not using it, why would a lower price help anyone who’s accumulated already
get your shill straight, and we will reach new aths

[Anonymous No.19941776]

>>19941505
Heh, traffic is traffic and scams, well they bring a lot of traffic kiddo

>>19941602
The OMG team said the network will run on 1/3rd the ETH gas rate (flexible and so moves to follow it). You can see this on the OMG Network ropsten testnet block explorer, where they set the fee to a portion of ETH

The fee rate at the moment is fixed at 0.0787 OMG and does not follow the ETH gas rate. Tether said that a lot of USDT will be moving from tron to ethereum on 29th June. Tether also said they’d be using OMG Network to integrate erc20 USDT because it saves fees and reduces congestion on the ethereum main chain. Therefore it stands to reason that tether aren’t just going to leave even more USDT (from tron) on ethereum when it’s so congested in the first place, and so it stands to reason they are integrating with OMG on the same day. This is backed up by the fact that the Bitfinex CEO (who is also Tether CEO) said the OMG Tether integration would be done “by the end of June”.

So basically, as the OMG Network goes live with Tether, the fee rate will be switched to follow ETH gas at 33%. This will be a “grand opening” of the network if you like, as although the network is technically live now, the fees are still based on the price of OMG. This is also why OMG can’t moon before this happens on the 29th, otherwise the fees would also moon.

[Anonymous No.19941841]

>>19941776
understood. thanks anon. I’m excited about this one

[Anonymous No.19941843]

>>19941661
I believe they are suppressing the price because they are testing and integrating erc20 tokens behind the scenes, and can’t function that properly without OMG being somewhat stable.

But even if you’re right, the price will still moon after the fees change because the incentive for exchanges to then pump it is definitely there (saving massive amounts of fees directly/being able to pass that onto customers and gain advantage over competition).

[Anonymous No.19941853]

>>19941776
is this copy and pasta?

[Anonymous No.19941882]

>>19941853
No it is fresh pasta for you anon

[Anonymous No.19942060]

>>19941843
yeah but think about it, if they’re that bullish on it, they’d be accumulating instead of selling something that might be worth 100x in the future
a fundamentally bullish scenario is based on: staking the fees that will come from mainstream/centralized adoption (think toyota wallet, shinhan card, potentially even CBDCs but that’s longer term hopium) and defi (where OMG will be the settlement layer since it offers same eth security being the only childchain at a fraction of the costs with a significantly higher throughput)
OMG might well become the VISA of crypto and there can’t be a more bullish case than this combined with the staking rewards

[Anonymous No.19942119]

>>19942060

[Anonymous No.19942146]

>>19940193
nice can't wait to take a screenshot showing that there is still almost 0 transactions on the 30th june

[Anonymous No.19942176]

>>19942060
Very true, but I don’t believe exchanges would have to sell a lot of OMG to surprise the price, especially since it has a relatively low mcap. Selling to themselves over and over would do the trick and although there are probably costs to that, they could be sure of regaining 100s x the costs by having had a play around with various iterations of the network and being convinced by it. I’m actually thinking they’re bound to have played around behind the scenes, otherwise I’m not sure tether would integrate before it was even released. We shall see

[Anonymous No.19942206]

>>19942119
you’re cute anon - i was fudding this back then myself because it was pure garbage vaporware (plasma was given up amongst the community, advisors left and there was only a whitepaper left)
times change and cycles evolve, plasma got implemented and they launched the mainnet with tether, the most significant stablecoin by large, actually using the network
otherwise enjoy staying poor

[Anonymous No.19942215]

With all the strange happenings this year, be a shame if some black vans pulled up in front of Tether HQ.

[Anonymous No.19942223]

jesus fucking chirst it's getting worse and worse; $200m marketcap and 14 transactions in 24h

[Anonymous No.19942242]

>>19942206
>>19940925

[Anonymous No.19942254]

>>19942176
no I fully agree with you, they have tried it and liked it, otherwise finex wouldn’t be joining already
just saying this shit can go very far if people understand the bull case based on logic and reason instead of creating a false narrative that’s not built on facts but the regular garbage theory that player x is suppressing coin y
some whales definitely are, and they will lose out

[Anonymous No.19942262]

>>19942223
>coping this close to tether volume
Try harder

[Anonymous No.19942276]

>>19942223
>network is still being tested
>tether integrating on the 29th
Pic related, it’s you

[Anonymous No.19942283]

>>19940193
good
if nothing happens on 6/29
then i can dump all and never have to look back
after 3 years of holding

[Anonymous No.19942292]

>>19942119
>>19942146
>>19942223

[Anonymous No.19942319]

>>19942283
>>19942292

[Anonymous No.19942334]

>>19942319
make this thread again on the 29th

[Anonymous No.19942374]

>>19942334
I’ll make it every day this year until OMG hits $80, and then I’ll get one of my Thai harem ladyboys to post it every day on my behalf until it hits $800

[Anonymous No.19942420]

OMG will reach ALL-TIME highs, you morons. Just you wait and see. At least 25x coming. xD

[Anonymous No.19942431]

>>19940193
>the majority of that will run on the OMG Network child chain.
Pure bullshit.

Look I’m an OMG fan but you’re getting way ahead of yourself. The ONLY thing that has been announced is Bitfinex based USDt transactions on the ETH blockchain.

That’s maybe 30MM in transaction volume daily. That’s no small amount in crypto, but to say that OMG is doing ALL or anywhere near a majority of USDT transactions, which are tens of billions daily.

I expect the Bitfinex experiment to be very successful, and at that time OMG will enter into an entirely new class of crypto: the first one with proof of scale. Shortly after that, we’re going to see the moon that has been long prophesied.

But it’s not June 29th.

[Anonymous No.19942446]

>>19942374
have 500
i'd like to take out my initial investment of around $2K sometime
when do you think it'll hit $10?

[Anonymous No.19942472]

>>19940925
he is saying that although people here call OMG a gook scam, if it actually generates money and profit, the thoughts that people have about it don't matter, it's actually preforming

[Anonymous No.19942554]

>>19942431
>That’s maybe 30MM in transaction volume daily. That’s no small amount in crypto, but to say that OMG is doing ALL or anywhere near a majority of USDT transactions, which are tens of billions daily.

[Anonymous No.19942618]

This is the easiest 20x in your life, fools. xD
Im not even saying EOY 20x. Im saying 2 days 10x

[Anonymous No.19942634]

>>19942472
> $1.47

[Anonymous No.19942659]

I just watched a video with the CEO from three - four weeks ago. She “couldn’t talk specifics” but referenced a “stable coin”, “a exchange” and “three Japanese automakers and one European automakers”. She talked about “exciting things happening” over the next 6 months. The stable coin exchange and Toyota investment all hit since then. OMG Network have been quietly building their brand. The CEO worked at the world bank. I think this token is going to surprise some people and make a play for ATH in the next year or so.

[Anonymous No.19942805]

>>19942659
I mean the exchange listing already happened.

[Anonymous No.19942813]

>>19942659
It's basically a guaranteed giga-moon.

But OP's June 29 theory is wrong.

[Anonymous No.19942832]

>>19942813
when start of moon?

[Anonymous No.19942874]

>>19942832
Soon

[Anonymous No.19942942]

>>19942146
Check out this screen shit

[Anonymous No.19942960]

>>19942813
Why do you say June 29 is wrong?

[Anonymous No.19943041]

I own 6000 OMG. Is this enough?

[Anonymous No.19943066]

>>19943041
even at all time high it wouldn't be enough.

[Anonymous No.19943068]

>>19942960
because the amount of USDt that OMG has been announced to process is currently fairly small.

see
>>19942431

>>19943041
6k is nice, I have 11k.

I want 20.

[Anonymous No.19943156]

>>19943068
Agreed. Anyone expecting a 25x on Monday is going to be disappointed. OMG Network is ready to launch and Monday is the first of some exciting happenings.

[Anonymous No.19943527]

>>19943156
That said if you have $50k to invest in a single coin with the end goal being a “quick” $1M, OMG is the way ticket

[Anonymous No.19943787]

>>19942176
>>19942431
Ok, so I'm an OMG noob, just bought $100 worth. Could the exchanges pump the price of OMG so much that the protocol fees would be less than others, driving more OMG processing? What is the main competitor to OMG in this sense?

[Anonymous No.19943799]

>>19940193
Is 1600 enough to make it

[Anonymous No.19943891]

>>19943787
>Could the exchanges pump the price of OMG so much that the protocol fees would be less than others, driving more OMG processing?
The fee is only temporarily tied to OMG price; it will soon shift to being 1/3 the ETH fee by definition. Some people believe this will cause a moon. I don't. The price of OMG is somewhat tied to the staking nature of the token, although that is still some time away. That won't prevent it from mooning sooner than staking is implemented.

>What is the main competitor to OMG in this sense?
Anything that calls itself a "decentralized exchange" or the DeFi movement is technically a competitor, so that is dozens of projects.

As far as actually being competent at DeFi and having a ready-made production-capable scalability solution, there is no competition.

OMG is the ONLY scalability solution ready for prime time right NOW.

[Anonymous No.19943912]

>>19943787
https://coinrivet.com/bitfinex-integrates-tether-usdt-on-omg-network/

Ok, so I read a little bit more and I think I understand better now. One of the reasons ETH is so high is because everybody has to use it for transaction fees for their pet tokens. And that has a minimum per transaction. Obviously USDT has lots of transactions. This OMG token uses something called Plasma to bundle transactions together to save money and speed up the network.

This is going to freaking huge as adoption expands. Basically this is a better transaction protocol that OMG-plasma enables and I wonder if other tokens might use it too then?

[Anonymous No.19943990]

>>19943891
>Some people believe this will cause a moon. I don't.
Genuinely curious, why?

>staking nature of the token
Should I be staking these? How? Sorry, I truly am a noob. I only really understand Bitcoin trading.

>DeFi movement
If I understand this right, DeFi will need a large network of individuals to provide sufficient liquidity right?

Kinda seems difficult with so many projects as you noted splitting people's energy. Like getting a bunch of anarchists to work together (see: CHAZ).

[Anonymous No.19943991]

>>19943891
what about lrc, rdn, matic? aren't they scaling solutions too?

[Anonymous No.19944066]

>>19942431
This.

Tether is spending maybe $2.6m per month in eth gas.

If 33% of that was going through the omg network, it would be about $858k per month of omg in fees. Hardly anything.

This is not gonna be the $700 token that teeka promised us.

[Anonymous No.19944099]

>>19943990
>Genuinely curious, why?
The theory is that exchanges are currently colluding to suppress the price of the OMG token, and that when the fee switches to ETH these exchanges won't have any reason to suppress it anymore; ergo, moon.

I just don't believe the exchanges are doing this. I think people don't know about OMG yet.

>Should I be staking these? How?
Yes, but

>How?
Not possible, and won't be for a while (i.e. years). Don't rely on this as the IMMEDIATE benefit of holding OMG. It's about the upcoming adoption, because as you correctly said above
>this is a better transaction protocol

>DeFi
OMG is in the milieu of DeFi, but the most basic and most immediate application of Plasma is to perform simple value transfers (will begin as ERC20 transfers). It is mainly a DEx right now.

>splitting people's energy
There were a lot of internet retailers too. Amazon did it best.

OMG is THE BEST and ONLY production-ready scalability solution available today. There is no competition for the competency of this team. Since you're a noob I highly suggest looking into the original hype around this project from 2017.

>pro tip: OMG is essentially a quasi-subgroup of ETH itself

>>19943991
see above

[Anonymous No.19944230]

>>19944099
Checked and much appreciated
2 pepecoins have been deposited into your 4chan wallet

[Anonymous No.19944808]

>>19944066
>>19944099
nice dubs

Please correct me if I’m wrong but my understanding with the idea behind the exchange fees pump theory is that exchanges are currently incentivized to accumulate as much cheap OMG as possible now when the fees are fixed and tied to OMG. However When fees switch to 33% the ETH they have an incentive to pump OMG to maximize the savings. The higher the price of OMG the more dramatic the savings. While the USDT volume isn’t much right now, there is incredible potential for continued growth if the OMG network and more inventive to pump the price. Where did I fuck up?

[Anonymous No.19944933]

>>19944808
>When fees switch to 33% the ETH they have an incentive to pump OMG to maximize the savings. The higher the price of OMG the more dramatic the savings.
This is the part that doesn’t make sense to me. What does the price of OMG have to do with 33% of ETH fees?

[Anonymous No.19945117]

>>19944933
I *think* the fees are still paid in OMG, but the fee is tied to the price of ETH. right now the fee is fixed OMG price. Soon will be 33% the price of ETH fees but still paid out in OMg

Plz correct if retard thx

[Anonymous No.19945562]

>>19943912
Welcome to the club

[Anonymous No.19945683]

>>19945117
You are correct sir

[Anonymous No.19945874]

>>19945562
This is hype. Pretty wild to see the launch of a product that is three years in the making. Timing couldn’t be better either. At the foot of the bull run with increasing demand on the eth chain. I think so many people got burned in the past with skateboard memes and whatnot. They are going to be left behind. I’m sold

>>19945683
Cool thanks

[Anonymous No.19946464]

>>19940193
This is 2017 style hopium shilling. Next we'll be posting skateboard stickers again.
There's no indication whatsoever that "99%" of Tether will go to OMG. More likely, if this announcement is even about OMG at all, it will be a proof of concept with corresponding amount.
But the market is probably pricing in some unlikely Tether explosion event, so as always the news can only dump the price.

[Anonymous No.19946605]

Is this the same OMG with the possible apple partnership? I can dust off my old memes?

[Anonymous No.19946875]

Nothing is gonna happen once tether starts using the network. All the shitcoins including this will move sideways as always until big daddy Bitcoin does something.

[Anonymous No.19948053]

what’s the omg make it stack? less tokens than chainlink, less in controll of the dev team, a working product, staking I think this thing busts through the roof.

[Anonymous No.19948101]

I sold all my link at 4.80 and bought enough omg to make a school girl blush. I’ll buy more link after omg moons. Forgive me linkers omg has a working product and is ready to pop.

[Anonymous No.19948202]

I'm so sad, I sold all my 2k OMG's
please kill me cuz I'm stupid

[Anonymous No.19948270]

>>19948202
You at least made a profit of it right? What price did you sell at?

[Anonymous No.19948281]

Guys I don't get it, are we talking about OmiseGO?

[Anonymous No.19948293]

>>19948281
the skateboard is out of the window let me introduce OMG network aka omiseGO. Same shit different smell actually same smell also.

[Anonymous No.19948317]

>>19948293
Glad to see the skateboard gone. those were the days. should I buy this shit now? it surely dumped enough. maybe I'll get a bag of 500 OMG.

[Anonymous No.19948777]

>>19946464
>>19944066
>>19943068
>>19942813
>>19942431
Here’s why there will be more tether on OMG Network than you think:

>Bitfinex already announced they would switch some erc20 tether to OMG by the end of the month
>Bitfinex said it would “reduce congestion on ethereum” (correct, and badly needed just as ethereum hits peak capacity)
>Tether, who have the same CEO as Bitfinex, say they are swapping the majority of tron trc20 USDT to erc20 on the 29th June. Tron has the 2nd largest tether volume at the moment behind ethereum.
>if tether Bitfinex wanted to reduce congestion on ethereum, why are they increasing the amount of USDT on ethereum? It doesn’t make sense
>unless, tether plan on immediately switching a large amount of erc20 tether straight to OMG (OMG can only accept erc20 tether at the moment)

The amount OMG will have as of 29th will be AT LEAST greater than the amount in tron at the moment, otherwise the end result would be an even more congested ethereum chain. I’d wager that about 50% of the current ethereum supply and 90% of the current tron supply will move over to OMG on the 29th.

[Anonymous No.19949903]

>>19948293
Is only smells

[Anonymous No.19950612]

Bump for interest. Does Vitalik still stand with OMG?

[Anonymous No.19950696]

>>19950612
Yup check his tweets, he endorsed the mainnet announcement and also said he was playing around with the network just before they announced it

[Anonymous No.19950718]

>>19950696

Sweet