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How dependent is OMG on ETH?

Hey guys, cryptonoob here. If the ETH project happened to blow up overnight, would OMG be doomed? Could OMG still survive on its own? From what i read on the whitepaper, it seems OMG will rely heavily on the ETH network even after the completion of its own blockchain. But due to my intellectual limitations I couldn't comprehend exactly why and how.
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