OmiseGo Becomes Number First Ethereum Unicorn With a Market Cap of $1 Billion

OmiseGo, which made the news for completing their ICO literally it a unicorn before it even began, now gets another honorary title if you are the first ethereum based token to attain market limit of $1 billion, making.

The token has been doing a bull run, rising from $1 to $10 this, while doubling in only fourteen days, along with its amount standing at $170 million, much of it in dollars and Chinese Yuan month.

OmiseGo becomes initial unicorn that is token.

The unearthed that is token following its lead designer, Joseph Poon, published Plasma in collaboration with Vitalik Buterin, Ethereum’s creator.

So presenting a protocol that runs type of just like the Lightning Network, considerably increasing deal capacity for jobs, like OmiseGo, that is taking care of a change that is decentralized.

Then, the duo instantly met with representatives from thailand’s bank that is main. We asked OmiseGo at the right time and energy to offer some details, but failed to get a response, so we're not sure why they met or exactly what the outcome regarding the meeting had been.

Then, they confirmed a collaborative relationship with McDonalds Thailand, which might make use of OmiseGo for payment channels today.

OmiseGo confirms relationship with McDonalds Thailand.

So that the project was busy, as has got the market, rewarding them with a $1 billion market limit based on a investment that is pre-ICO of $16 million in this summer time.

Market cap level that used to be always a event that is uncommon just this past year, but now has become notably more widespread for electronic currencies, while staying unusual for tokens.

The latter, in combination, have increased to an industry limit of around $10 billion, managing fifty per cent of a billion in 24 hours volumes which are dealing dramatically supplementing the ethereum ecosystem and this space more generally.

A space that is booming, using the market that is combined making new highs, now standing at near $165 billion, while its trading volumes have actually risen up to almost $7 billion.

Suggesting some enhance that is considerable task and interest as new better than free token business models are created and new ways of funding projects are created.