What is OmiseGo (OMG)?
A veteran of the cryptocurrency industry, OmiseGo (OMG) was first founded in 2013 by a venture-backed payment provider that operates in Singapore, Thailand, Japan, and Indonesia. The OmiseGo ecosystem includes a white-label wallet, smart contract creation platform, an ERC-20 token in addition to being a decentralized bank, exchange, and overall blockchain gateway.
Using its open wallet infrastructure, OMG aims to “bank the unbanked” throughout South East Asia by helping to facilitate a smooth bridge between legacy systems like Paypal, Visa, ACH, and decentralized blockchains like Ethereum. As for tokenomics, OMG uses the proof-of-stake (PoS) algorithm and has a total supply of 140,245,398.
How to earn interest on OMG
Step 1: Head to the YouHodler app or website to sign in or sign up to YouHodler
Step 2: Deposit OMG to your personal OMG wallet
Step 3. Watch as your OMG earns compounding interest.
Step 4: Get that money! Weekly payments come every 7 days
It’s never been easy to help your crypto grow
With numerous DeFi options to choose from, there is no shortage of places to park your crypto assets and earn interest. However, YouHodler has a few unique features that can’t be found anywhere else. For example, YouHodler has some of the highest rates on the market and there is no requirement to stake other tokens to unlock “premium rates.” YouHodler rates are premium by default. Furthermore, YouHodler features weekly payouts with 100% transparency so users can see how much interest they earn every 4 hours.
Regarding insurance, YouHodler clients can enjoy pooled crime insurance backed by Ledger Vault while also finding comfort in our high-quality security techniques. Funds are never stored only on wallets but instead, a mixture of both hot and cold to ensure the best protection possible. In addition, YouHodler wallets are all-inclusive, meaning clients can earn interest, exchange, multiply crypto and get instant loans all in one convenient place.
OMG Network saving wallet App that pays interest
YouHodler wallet app is the only application where you can store your OMG Network (OMG) just like you would in a regular wallet but in addition, earn interest on that OMG wallet balance every week.
How does OMG interest work
You can earn interest on OMG just like you would with a traditional bank savings account but with one key difference. Instead of near to zero interest rates at banks, we offer you 3.04% interest on OMG.
How to Earn Free OMG
It’s easy! Just deposit OMG to your YouHodler wallet and you’ll earn free OMG every week.
How to Get Free OMG
Interest payments occur every seven days. So you’ll get your free OMG a week after your first deposit.
Cumulative Interest OMG Network
Yes, you have cumulative interest if you HODL OMG in the wallet. We calculate compound interest rates every week.
OMG Network APY & Yield
Compared to other platforms, we offer APY instead of APR. APR gives you interest payments without the compounding effect. Hence, with APY at YouHodler, you get more OMG at the end of the year due to this cumulative interest.
OMG Savings Calculator
Just use our OMG Savings Calculator to see what you will have in 3, 6, or 12 months of HODLing on YouHodler.