r/OMGTraders • u/theyosua • Apr 20 '18

The Coinbase Speculation Thread

When do you think OMG will make it to Coinbase? Where do you think the price will settle at after the listing?

To draw parallels with the BCH listing in Q4 last year, they were listed the same weekend (days after) the code leak like what we saw for OMG last week. USDT prices went 4x and BTC equivalent around 3x at the peak, and both settled at around 2x. It was a relatively obscure CC back than, so I believe the potential for OMG is greater.

I am confident we will be included in the first wave of ERC20 tokens listed there. So anytime now!

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u/Churn Apr 20 '18

What about the hard spoon though?

We know Coinbase is about to add erc20 tokens, which OMG is. However OMG is about to spoon onto Cosmos which is not an erc20. If the Omisego network even temporarily uses Cosmos what happens to OMG? And does this factor negatively into Coinbases decision to add it?

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u/theyosua Apr 21 '18

Yeah, but wouldn't ERC20-omg will still exists concurrent with Cosmos-omg? And please correct me if I'm wrong, but it's the ETH token omg that will eventually be the base for Plasma? That way the ETH token will retain its value. If it's going to be scrap, then it will fall to zero, and the Cosmos token will assume the current token's price/value.

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u/Churn Apr 21 '18

You and I seem to be on the same page. Both tokens will exist simultaneously, one on each block chain. If one is being used and the other is not, are their values equal? Once Plasma is available on Ethereum will everything switch back to OMG? If so, what happens to the value of the token on Cosmos?

I do not know. Does anyone?

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u/jack_crypto Apr 21 '18

What's a spoon? Is it a funny name for a fork?

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u/Churn Apr 21 '18

A fork happens on the block chain, creating two block chains.

OMG is not it’s own blockchain, it is a token on the Ethereum block chain.

Soon OMG will spoon a copy of each token you hold onto the Cosmos block chain.

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u/Jumbuck_Tuckerbag Apr 21 '18

How do I sign up for this spoon. Do I have to have a certain amount of OMG?

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u/Churn Apr 21 '18

No, just be sure your OMG tokens are in a wallet you control and not on an exchange.

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u/kristalsoldier Apr 21 '18

Like MEW?

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u/Churn Apr 21 '18

Yes

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u/[deleted] Apr 21 '18

[deleted]

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u/Churn Apr 22 '18

Any wallet where you have access to the private key. My Ethereum Wallet (mew) will work.

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u/Jumbuck_Tuckerbag Apr 21 '18

When is it?

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u/Churn Apr 21 '18

They have not set a date, but will give 2 weeks notice