Overview

OmiseGO is a decentralized exchange and it is a liquidity provider mechanism, asset-backed blockchain gateway, and a clearinghouse messaging network and it is not owned by a single one party. Rather, it is an open distributed network of validators of all participants enforces behavior. It utilizes the mechanism of a protocol token for creating a PoS blockchain and enabling enforcement of activity of the market with the participants.

Owning the OMG tokens buys the right within the rules that are consensus in validating this blockchain. The transaction fees on the network consisting of payment, trading, interchange, and clearinghouse use is given to the non-faulty validators that enforces bonded contract states. The token has value derived from the fees derived from this network and with the obligation/cost of giving users the validation.