The OMG Network (formerly OmiseGO) is a value transfer network for Ethereum and any ERC-20 token . It describes itself as the first production-grade layer-2 Ethereum scaling solution and aims to let people move money and a variety of digital values on the blockchain faster, cheaper, and without compromising on security.
Read moreWhy do OMG coins fall?
However, OMG is one of the biggest losers so far today. The coin is down by more than 30% over the past 24 hours and risks dropping lower over the coming hours . The dip was caused by the completion of the snapshot for an airdrop from the Boba Network.
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