Kraken Crypto Exchange will list OmiseGO (OMG) and PAX Gold (PAXG) on October 29, 2019.
PAXG is a cryptocurrency whose price is based on the value of gold.
OmiseGo OMG has been very quiet with this bear market still in place that brought the price of OMG token to $0.97, when we know that the OMG token has gone up to $28!
The fact that a serious crypto exchange like Kraken lists the OmiseGo crypto project indicates that this project still has potential because Kraken tends to list good projects and verifies who they are integrating into their crypto exchange.
The company Omise is a company that already has a significant activity in Asia in payment solutions on the internet like PayPal.
The OmiseGo project is developed in parallel of this activity.
Kraken announces on his blog the listing of these two chips, OMG and PAXG:
Here are the trading pairs that will be available:
- OMG: OMG/USD, OMG/EUR, OMG/XBT, OMG/ETH.
- PAXG: PAXG/USD, PAXG/EUR, PAXG/XBT, PAXG/ETH.
Deposits: Kraken will authorize deposits and withdrawals for OMG and PAXG at approximately 13:30 UTC on October 29, 2019.
Trading: The first trades will begin shortly after the deposit activation because the sell orders can not be placed until the deposits are clear.
The OMG price and the PAXG price could therefore be impacted when listed on Kraken on October 29, 2019.
For reminder about OmiseGo and PAX Gold projects:
What is OmiseGO (OMG)?
OmiseGO is a decentralized banking and exchange platform that enables instant peer-to-peer transactions across multiple block strings, asset classes (including fiat) and applications.
In addition, it seeks to leverage its parent company’s gateways to obtain traditional and established payment service providers to drive network growth.
OmiseGO is a Proof-of-Stake blockchain linked to Ethereum.
It is powered by the OMG token, based on Ethereum’s ERC-20 standard.
The network uses a scaling solution called plasma sidechain technology, which allows speeds of up to 4,000 transactions per second.
As a result, users can pay up to 90% less than Ethereum.
OmiseGO provides an open-source, white-label eWallet suite that can be used to scan and store multiple types of assets.
In addition, the wallet device will act as a node on the network and verify transactions
OmiseGO is an entity created by Omise Holdings in 2013, which also includes Omise Payments.
Omise Payments is an online payment gateway offering a wide range of processing solutions in Asia
Project website: https://omisego.co/
What is PAX Gold (PAXG)?
PAX Gold (PAXG) offers customers the benefits of real physical property of some gold bullion with the speed and mobility of a digital asset.
Physical gold on the blockchain has the advantages of legally allocated gold possession physically, without the inconvenience of limited transportability or high storage costs.
The value of PAXG is directly related to the physical real-time value of the gold in the real-time market, and serves as a hedge against crypto volatility.
One of the token is backed by one ounce troy (1 ounce) of a 400 ounce London Good Delivery gold bar held in the custody of Paxos Trust.
PAXG is an ERC-20 Ethereum token.
PAXG is operated by Paxos, a trust company and custodian, regulated by the New York State Department of Financial Services. Paxos was founded in 2012.
Project website: https://www.paxos.com/
