Dear community users:
Zhenbi will go online on November 24, 2020 at 16:00 (UTC+8) with the OMG/USDT Aggregated Trading pairs.
As OMG is an aggregated trading pair, it is temporarily closed for charging and withdrawing coins. The opening time of charging and withdrawing coins will be further announced in an announcement.(For more details on the converged exchange currency rules at the end of the article)
About the OMG
OmiseGo is building a blockchain gateway with decentralized transactions, liquidity provision mechanisms, clearing information networks, and asset support.Omisego does not belong to any party.Instead, it is an open, distributed network of validation nodes, with validation nodes within the network constraining the behavior of all participants.It uses a protocol token mechanism to create a proof of ownership blockchain to enable market activity between participants.This high-performance distributed network allows transactions between different asset classes -- whether issuers backed by fiat currencies, or fully decentralized blockchain tokens (the ERC-20 category and localized cryptocurrencies).Unlike almost all other decentralized trading platforms, this distributed network allows direct decentralized transactions between different blockchains without the need for a trusted gateway token.In addition, market spreads would fall significantly and market security would be encouraged through decentralised regulation and increased transparency in market activities.This process ensures the correct pairing of the entrusted transaction ledger through the use of smart contracts and protocol tokens.This is a new structure that uses Ethereum to guarantee clearing activities and historical transaction data through the use of Ethereum smart contracts.
The white paper: https://cdn.omise.co/omg/whitepaper.pdf
About the converged exchange coin pair
As for the coins purchased/sold by users in Zhenbi, the aggregated trading system will hedge the purchase/sale of the same amount in other exchanges, so the assets purchased by users are still the real assets with sufficient reserves, and users can trade at rest.
Aggregated transaction is a very mature transaction mode in the industry. The purpose of Zhenbi's launch of Aggregated Transaction is to quickly meet users' demand for trading new hot assets.
Zhenbi's aggregated trading system uses local matching of external hedges, so the latency and experience are exactly the same as for local trading pairs.
The Zhenbi operation team will evaluate the number of coin-holding users of the corresponding currency.Aggregate transactions with a large number of currency holders will consider docking supporting wallets after passing the review, so as to meet the demand of currency holders.
Digital assets are innovative investment products with large price fluctuations. Please judge your investment ability rationally and make investment decisions prudently.
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Zhenbi operation team
November 23, 2020