Ok I'm going to be ultra conservative right now and try and calculate our possible staking rewards at this point. First, let's look at some facts:
Omise has about 55.000 merchants at this moment using their product at this moment (taken from their website) Let's just say every merchant handles about lets say 60 dollars per day. This is ultra conservative. Let's not forget McDonalds Thailand is added to the merchant list and they are also based in Singapore and Japan. Now I've been in those 2 countries and you pay 20 dollars for a beer sometimes. They are expensive. For a complete list look at the marchant list of Omise: https://www.reddit.com/CryptoCurrency/comments/71h2gv/omisego_merchant_list/
. Note they have Thai Airlines on there as well. They just need 0,5 costumers a day to buy 1 ticket to get to that 60 dollar a day, just saying.
Okay so we have 55.000 merchants, handling 60 dollars a day, for 365 days a year (on average, weekdays probably more busy or perhaps saturdays the most busy day of the week, no one knows). That is 1,2 billion dollars a year at the very least. This is JUST the amount of money OMG handles on their regular payments network. This is so freaking conservative I it's funny.
Ok so now we have established OMG will handle about 1,2 billion dollars per year just on their payments network.
Then we have the international conglomerate, TOPPAN, GlobalBrain, Tendermint, Electrify, and most importantly TrueMoney as partners and users of the blockchain. The last one transferring 4 billion dollars over 6 countries according to Jun. This is the tweet: https://twitter.com/jun_omise/status/917556490189266945
Let's be ultra, ultra conservative and say that adds about 3,5 billion dollars to the network. That totals 4,7.
THEN we have Tendermint/COSMOS. This is where it gets interesting. OMG has a longterm partnership with Cosmos, creators of Tendermint. (source https://blog.omisego.network/approach-to-delivering-scalability-56d034619ef0
). Omisego will go live on this network and start their PoS protocol here first. Then move to Plasma once its complete. This could also mean that tendermint volume will transact through the OMG network once its own blockchain goes live in order to keep transaction costs as low as possible and allow for even more transaction than tendermint is able to do right now. Why else would they partner up?
Lets take a close look at this tweet, retweeted by Tendermint on twitter: https://twitter.com/cerebralbosons/status/944291345597943814
"Just found out there's a production app that's been running on the @tendermint_team platform for 9 months and clears half a billion $$ a day!" In the comments I found the production app is https://fxclr.com/
The Forex Exchange clearing house.
Half a billion dollars. Per day. Let that sink in. However, lets be ultra conservative and make that 5 billion dollars per YEAR for an app/business that does only 0,0027% of that amount (I feel stupid for being THAT conservative really). That brings our total to 5 + the earlier mentioned 4,7 billion to 9,7 billion dollars. Now lets also assume that MAYBE some other businesses, merchants or even a freaking NATION STATE as mentioned by Thomas Greco at the Token summit bring another 1,3 billion dollars to the table. This gives us 11 billion dollars through the network per year. Now again, I believe this is ultra conservative and I think this can actually be 2 or even 3 times as high right off the bat as they have a White label wallet, meaning any business can just plugin to the OMG network with the blink of an eye for 2 to 5 times less transaction fees...
So what will this deliver for the stakers?
Let's take our ultra conservative 11 billion dollars and lets assume 1% transaction fees (Mind you, Omise is currently asking 3,65% per transaction). Also lets assume about 52 million coins are staked from the current circulation supply + the 38million OMG hold themselves meaning 90 million staked coins.
11 billion x 1% fees divided by 90 million stakers = 1,22 dollars per staked coin per year. This is the ABSOLUTE, laughable conservative minimum in my eyes.
With a current trading price at 17,81 that gives you a 6,8% return on your initial investment. This is why you buy NOW.
As noted by Omise on their website, they have a 500% increase in transaction from 2015-2016. Adoption rate can be fast, especially with low fees and the most possible transactions in crypto. They are unbanking the banked and they are banking the unbanked. They have a decentralized exchange, they are in talks with a messaging app (source: crowdsale doc), others can stick into the OMG network with their SDK wallet, they have SO MUCH going on right now.
This has so much potential I cant even wrap my head around it anymore. Like Thomas Greco said at the token summit (https://www.youtube.com/watch?v=1eluNnM0f9Q
) : a 1 billion market cap is potentially insignificant. I believe it is.
Forex trading, online day trading system, introducing Forex Brokers, and other stock related services provided online by Dukascopy.com Singapore Airlines cut capacity by 96% - News - Dukascopy Bank Trade with Swiss Bank The Singapore Airlines (SIA) Group saw share price ascend 0.7% on Monday 17 February, after posting solid third quarter results for its 2019/2020 fiscal year last Friday 14 February.. Group revenue for the quarter was at a record high of S$4.47 billion, which the company attributed to initiatives launched as part of a three-year ‘transformation plan’ first announced in 2017. With so many trading platforms to choose from, finding the best online broker can be a daunting process. To help you narrow your search, our investing team has prepared a comparison of the top trading platforms in Singapore based on a range of factors, like commission fees, international market access and exchange rates. Singapore Airlines; Singtel; StarHub; ST Engineering; Tesla; Thai Beverage; A-Z stocks list ; Finder is committed to editorial independence. While we receive compensation when you click links to partners, they do not influence our opinions or reviews. Learn how we make money. When investors trade currencies in the large liquid foreign exchange market, they’re engaging in forex trading. Forex ... Share price of Singapore Airlines (SIA) is now down to a 21-year low of S$5.35 per share. The last time shares were trading at this price was in August 1998. As at market closing on Monday 23 March, stocks of the airline are trading 10.5% below last week’s closing price of S$6.01. While Singapore is already Asia’s biggest forex trading center by volume, it’s still a long way behind the U.K. and U.S. where investors exchange $2.41 trillion and $1.27 trillion respectively ... To choose the best trading platform for different categories, we evaluated the share-trading platforms on our site against a range of metrics to select platforms offering stand-out features for specific needs. Keep in mind that our best picks may not always be the best for you – it’s important to compare for yourself to find one that works for you.
My name is Istvan Loh Wye Lung. I'm a professional FX trader in Singapore. In my free time, besides spending it with my family, I also do a lot of research on topics that are of interest to me. How to make money trading forex the right wway. To make money trading forex is only what less than 10% of forex traders can achieve. There is no easy way to ... Most people see the Forex trader lifestyle and forex trader life as being glamorous and relaxing everyday. Get a glimpse of a day in the life of a forex trad... Forex Trading Profits Vs Binary Options Trading Profits…Binary Options are Risk Low High Profits, Forex Trading Low Profits High Risk….In Binary Options We n... What are the most profitable ways to trade the forex markets? What are some of the most profitable Forex Trading Strategies In this video, Adam Khoo shows yo... As a new trader, you don't want to waste money on expensive trading platforms because you will NOT use most of the features. Instead, stick to free ones beca... IG is Singapore's top CFD and Forex provider. We offer CFD trading on thousands of shares plus forex, indices, commodities, options and more. What we do We help our clients trade financial markets ...