Omise Go to Soon Hit The Cryptocurrency Market

Omise, a Thailand-based company that provides Stripe-like payment features in Japan and Southeast Asia, plans to raise money by using cryptocurrencies like Bitcoin and Ethereum through ICO(Initial Coin Offerings).

Omise is planning to raise over $19 million from its coin sale- OMG(Omise Go) that would power a network to transfer money and make payments without the need for a bank account or high service fees.

Kik, a messaging app launched its own currency as a basis for a developer community and raised over $120 million from its investors with 300 million registered users, making it the most established company to enter in ICO network.

The tech industry, Omise though has already raised over $20 million from its investors like SBI, Sinar Mas and Ascend Group and is likely to give Kik a tough competition as it is taking a more conventional path with its plan to develop a wholly decentralised payment platform — Omise Go.

If sources are to be believed, Omise is set to hold the token sale on June 7 no further sale is planned to avoid dilution with 65% of the coins open for sale.

Omise plans to keep 20% for future costs and expansion and another 10% for the team and the remaining 5% will be set aside to be given to people who already own Ethereum’s Ether coins for promotional purpose.

Recent Posts

Professional investors skeptical about Bitcoin, a recent Bank of America survey says

Bank of America recently asked 200 professional investors with $533 billion in assets under management for their opinions on Bitcoin.…

1 day ago

AXA Switzerland now offers Bitcoin as a payment method

Insurance provider AXA Switzerland announced that its Switzerland customers will now be able to pay their bills in Bitcoin (BTC).…

1 day ago

DOGE “to the moon” as Robinhood faces more scrutiny

After yet another phenomenal rally surging 114% in the last 24 hours, Dogecoin (DOGE) hit an all-time high of $0.29.…

1 day ago

“Bitcoin’s peak volatility is right on track to drop below fiat volatility”

There will come a time that Bitcoin will be less volatile than fiat money as money is being redefined. And…

2 days ago

GoldMan Sachs watching Bitcoin’s every move

Goldman Sachs is keeping a close eye on Bitcoin. In an earnings call on Tuesday, the bank’s Chief Executive Officer,…

2 days ago

Coinbase’s COIN is Live on Nasdaq, while Bitcoin and Ethereum jumped to new all-time highs

After months of intense build-up towards their big day, Coinbase finally listed on the Nasdaq with ticker COIN. And the…

2 days ago