Introducing OmiseGo and Request on Koinex

Bringing the best tokens from the blockchain world to India

There was an air of buoyance in the office and the team seemed rather eager at work today, and the reason for this excitement is that we are listing two new tokens from the blockchain world, OmiseGo (OMG) and Request (REQ). In fact, Koinex will be the first digital assets exchange in India to introduce Request asset into the Indian market. OMG has been in the domestic circuit for few months but has been rather inert, but we think it is one of best tokens out there. These crypto-assets will be listed on Koinex, across both web and mobile platforms at 02.00 AM on Thursday, February 22, 2018. However, users can start trading them from 02.00 AM on Friday, February 23, 2018. Deposits of OMG and REQ will be live for a full 24 hours before the trading begins.

It has indeed been a notable start to the year, first with our mobile app launch and now these global tokens listed on the exchange will further accentuate our traders portfolio as viable investment assets. We plan to continue our good run with a host of other exciting upgrades and developments for our exchange already in the pipeline. We are chasing our vision, to be India’s most advanced digital assets exchange and giving people a secure access to cryptocurrencies, tokens, and digital assets. It has always been our effort to present only those assets which are genuine and hold fundamental potential of growth in the crypto-market are worthy of our users’ investment.

Both OMG and REQ are currently the hottest crypto-assets in the global market because of their efficient and ‘future ready’ technology which promises to bring a disruptive innovation in the areas of online payments, banking and e-commerce.

Why OMG

OmiseGo aims to be a decentralised exchange built on the Ethereum platform, with the focus to provide better financial services for everyone, including patrons who lack traditional banking infrastructure, thus mitigating the current challenges between payment gateways, processors and financial institutions. Through the OmiseGO network, anyone will be able to conduct financial transactions such as payments, remittances, payroll deposit, B2B commerce, supply-chain finance, trading and other on-demand services, in a completely decentralised and inexpensive way. Additionally, it will enable transitions using fiat money to decentralised currencies such as ETH, BTC, and others. So imagine travelling to a foreign country and not having the banking facility to help conventional currency exchange. You can use OmiseGO platform to pay in crypto-currency and it will automatically get converted into the respective fiat currency, as per the international exchange rate.

The tagline for OmiseGO is ‘Unbank the banked’ which means that you don’t need a bank account or a financial institution to manage your accounts and send money domestically as internationally. You just need an OmiseGo wallet to start using the platform, which makes you re-evaluate what having a bank account really means. As per current industry a report, the token OMG is currently the fourth highest Ethereum project in the world market cap wise and the first Ethereum project to exceed a billion dollar valuation.

Why REQ

The Request Network moves a step ahead from OmiseGO and is also based on Ethereum platform. This network aims to be a decentralised network that allows anyone to request a payment, for which the recipient can pay directly in a secure way. Essentially, here the need for a third party (payment gateway) in the financial transaction is eliminated, thus saving cost and being secure, quick and efficient at the same time. It also gives scope for wide

range of automation possibilities. All the transactions are saved on an irreversible, authentic ledger, which is beneficial for accounting and auditing processes. The platform aims to work with every global currency and will be designed to be flexible and be compatible with IoT or any future systems. To become the spine of world trade, Request plans to incorporate a general ledger which will be ‘universal’, because it is designed to support 100% of global transactions, regardless of currency, policies or regional dialect. It will be a Smart platform, because unlike an existing standard accounting book, Request is at the source of the exchanges and pools together a computerised trade code, as well as manages numerous payment terms.

Request network, as the team claims, may be the future of e-commerce!

OMG and REQ on Koinex

The technology platforms being built on OmiseGo and Request networks have a pragmatic approach to the future and are scalable platforms, designated to be more efficient and impactful than present day marvel platforms. This technical excellence and forward looking application makes them valuable assets for the market and will be a force to reckon on the exchange.

Selecting tokens to list on Koinex

At Koinex, we have a well-structured framework consisting of several factors which helps determine the value of a crypto-asset and influences the listing decisions. A robust team of research and market analysts meticulously monitor all leading crypto-assets across the globe and follow a stringent quality check process related to the market cap, company legacy, relevance of the technology platform, scalability etc. to filter out the competitive tokens. This quality assurance is one of our key differentiating factors.

The overall crypto-market is at an exciting juncture at this point of time and the optimistic outlook of the global digital-assets sector is slowly rubbing on the domestic market here. We are delighted and convinced that these new tokens will gain a lot of market prominence in the near future.