OMG Network

$OMG is the native utility token of the OMG Network and serves various purposes within the ecosystem. Users can transact value on the network using $OMG, and it is used to pay transaction fees. The network supports a range of different tokens that users can use to pay fees, with the current fee structure linked to the gas price of ETH. The goal of the Community Points Engine (CPE) on the OMG Network is to enable communities to create scalable points and rewards systems in a trustless manner. The CPE utilizes the OMG Network as a high throughput settlement rail for community points transactions, enabling fast, fee-less, and secure ownership and transaction of community points with the security guarantee of the Ethereum blockchain.

OMG rebrand: OmiseGO Rebrands to OMG Network