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RE: ETC Mantis Release & Market Behavior

in #ethereum7 years ago

Agree. I don't believe OMG will be a dividend token. My take (and all of this could change as they release more) is that OMG will be an "intermediary" token between cash and the crypto world, sort of similar to Tether when it's working properly sans the bank account and KYC process. I'm not entirely sure how the OMG team is going to make this work, but I'm anxious for their first release in Q4 2017.

If my view is correct, the OMG token's demand will come from the fact that you have to purchase OMG with fiat before moving into another crypto currency. I'm not entirely sure how to account for that demand yet, though. The total supply of the token is 140,000,000 but I don't know if that's fixed or if there will be an inflation peg. Further, if they target partnerships with the likes of Venmo this could be a huge boon to OMG. All speculation on my part for now, but something I'm closely watching.