OmiseGO Prepares To Widely Distribute A Percentage Of OMG Throughout Ecosystem Supporting It 1

On August 7, 2017, OmiseGO, an Ethereum blockchain-based payment solution company, announced that it would issue 5 percent of the total OMG tokens it has set aside for Ethereum holders in the near future via an Airdrop or massive disbursement to blockchain wallet addresses.

According to OmiseGO, constraints such as time, opportunity, and technical prowess bar entry for many who wish to participate in token offerings. In a perhaps-good-natured move, OmiseGO wants to distribute wealth back into the ecosystem. Specifically, OmiseGO said, "Every address on the Ethereum blockchain that held a balance over a minimum threshold of 0.1 ETH at a recent past block height (TBA soon) will receive a share of this 5% that is proportionate to their share of ETH."

OmiseGO expressed a simultaneous commitment to generosity and conservatism, and hopes to distinguish itself from typical token offerings by giving something back to the community from which it sprung. By OmiseGO's account, "Introducing to a few hundred thousand account holders the possibility of being PoS validators will ultimately make the network stronger."

As more details emerge surrounding the OMG distribution, ETHNews will provide additional coverage.

Jeremy Nation is a writer living in Los Angeles with interests in technology, human rights, and cuisine. He is a full time staff writer for ETHNews and holds value in Ether.
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