OMG Network
OMG
Evaluation Score
Overall rating on a scale of 0-10
Dimension Breakdown
AI Analysis
Comprehensive evaluation of the token
OMG Network (formerly OmiseGO) represents a legacy Plasma Layer-2 scaling project that has effectively ceased operations and development. Active Development was excluded from the weighted score due to insufficient data/project dormancy. The project's GitHub repositories are archived or frozen, its operating entity is marked as 'Closed' on Crunchbase, and its Plasma architecture has been largely superseded by modern rollup technologies. Community support is dormant with no governance activity, and the token exhibits low liquidity alongside a >99% drawdown from its all-time high. With the remaining sections weighted proportionally (Community: 18.75%, Tokenomics: 25%, Market: 18.75%, Team: 18.75%, Security: 18.75%), the project achieves an overall weighted score of 2.59/10.
Development Activity
Code updates and developer engagement
Community Support
Social media presence and community engagement
Tokenomics
Supply, distribution, and utility
Market & Use Case
Value proposition and competitive landscape
Team & Governance
Team background and project governance
Security & Audits
Security history and audit status
About OMG Network (OMG)
OMG Network (OMG), formerly known as OmiseGO, is a deprecated Ethereum-based Layer 2 scaling and payment network that has ceased active operations and development. Originally co-founded by Jun Hasegawa and Ezra Don Harinsut, the project was established to provide low-cost, high-throughput value transfers utilizing a Plasma-style architecture. The OMG token operates as an asset on Ethereum with a fixed maximum supply of 140,245,398 tokens, initially distributed through a public initial coin offering (65.1%), a project reserve (20%), the core team (9.9%), and an airdrop allocation to users (5%).
Historically, the token was intended to facilitate utility and staking within the network, but a transition to a Proof-of-Stake model was never realized, leaving the token without active fee-sharing or revenue-capture mechanisms. Furthermore, the broader development of Plasma technology was largely superseded by rollup-based scaling solutions, diminishing the network's adoption and architectural relevance.
The project is effectively abandoned, with its operating entity listed as closed, core GitHub repositories archived or frozen, and no documented upgrades occurring in recent years. Community governance and developer activity have ceased, leaving only residual on-chain token holdings. As a consequence of project dormancy, OMG has faced diminishing exchange support, including delisting announcements, as well as a severe market contraction resulting in a price drawdown of more than 99% from its historical peak of $28.35.