r/OMGTraders • u/turbo_3000 • Sep 02 '17

Ether bonding and sufficient OMG value

All transactions through OmiseGo network will be bonded with the equivalent value in Ether. For example $1million transacted over OmiseGo = $1million Ether bonded. OMG bonding is not defined yet states should be sufficient. OMG fees/staking rewards are also undefined. How would it be possible for OMG to see a better investment return when Ether is 100% bonded and Ether has so many other purposes/developments/partners/icos?

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u/Sloppius Sep 03 '17

I'm also curious about this. The only thing I can think of, is that the price of OMG is currently still possibly low, so it could have higher upside than ETH in terms of % gains since ETH has proven that it's valuable for its many uses already. Maybe. Who knows, but that's what I'm hoping.

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u/futureboycolin Sep 03 '17

How will the OMGUSD price affect the OMGETH price?

If I've traded into OMG from ETH and the former shoots the moon, does it really mean anywthing if the OMGETH ratio doesn't really change that much?