BITFINEX:OMGUSD   OmiseGo / Dollar
Will it break?

For Omise, the end goal is “a decentralized mechanism for eWallet platforms holding fiat-backed value”, more so a network to better serve their existing payments gateways in terms of security and scalability. ‘While OmiseGO supports payments, is not designed first and foremost a payment processor within a specific eWallet payment provider (EPP)’. Hence, Omise’s Plasma DEX is a base infrastructure upon which a variety of payment and exchange systems can be built, allowing:

Any EPP, exchange, payments processor or other to exchange Crypto-to-Crypto, Fiat-to-Crypto, Fiat-to-Fiat, and more (nonfungibles) though their own processor built atop of the White Label SDK.

https://github.com/omisego/ewallet

The DEX comprised of many liquidity hubs, formed through Omise’s acquisition of already existing exchanges, running Lighting Network, Swaps and HTLCs, is not only a asset-to asset gateway that allows for trading and exchange, but a liquidity pool serving expansive monetary and financial applications.

Computation and enforcement occurs via staking of OMG, bonded via plasma child chain to Ether, allowing for exit-gateways and by effect creates a scalability model for the ethereum network.

https://plasma.io/plasma.pdf

Owning OMG tokens buys the right to validate this blockchain, within its consensus rules. Transaction fees on the network including (but not limited to) payment, interchange, trading, and clearinghouse use, are given to non-faulty validators who enforce bonded contract states.

https://cdn.omise.co/omg/whitepaper.pdf
Comment: All https://www.omise.co/ payments will be on-boarded onto the OMG blockchain, giving validators a share of the "8-9 digit" daily volume.

Given 0.2% transaction fees based on annualised volume:
(Sensitivity of 8-9 digits)

$10billion - $25billion = $0.20 per token per year - $0.50 per token per year

$30billion - $60billion = $0.60 per token per year - $1.20 per token per year

$100billion - $200billion = $2 per token per year - $4 per token per year

The important thing is the P/E associated to OMG by the market. Given a low range PE of 20, OMG tokens yielding an effective annual $0.5-$1 per token (EPT?) could give an effective token price of $10-20.

The unique value in OMG is that Omise as a payments processor already grants a large volume to the network, with everyday transactions from Thailand, Indonesia, Japan and Singapore through their institutional partners.
This Channel Down on 1D is close to a bearish break-out. We are short, targeting 1.4942:

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