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OmiseGo (OMGUSD) is a kind of token based on Ethereum blockchain. This is the first token to reach over $1M market cap in ICO history.

The technology is powered by Omise, while the projects top advisor is Ethereum founder, Vitalik Buterin, OmiseGo was created with the aim of simplifying fiat currency and cryptocurrency exchange processes, without the involvement of middlemen.

OMGUSD rates depend entirely on supply and demand, with its real value being determined by its popularity and relevance.