OKEx introduced that after the MainNet swap of Ontology Token (ONT) which is set up for July 4, symbols of the users will certainly be instantly transferred to the brand-new MainNet.
The digital property exchange was founded in 2014 by OKCoin Chief Executive Officer Star Xu. The exchange asserts to offer “thousands of token as well as futures trading pairs to help investors maximize their technique” and also to have actually “gained millions of dollars’ well worth of investments from leading ventures”. Its head office remains in Hong Kong.
See additionally: Ontology (ONT) MainNet launch goes online, understand even more about it
OKEx informed that ONT withdrawal is currently put on hold. The suspension time of the deposition of ONT will be educated later on. The resumption time will certainly additionally be announced later. OKEx warned the users that trading digital possessions involve substantial danger and also it can cause loss of spent resources.
They better pointed out that individuals must completely understand the risk involved. It is essential to take into account the level of experience, investment purposes and also look for independent financial suggestions if required. Ontology MainNet obtained released on June 30, 2018. The Network tweeted: “Ontology 1.0 is now live. Thanks for visiting the brand-new world”.
See additionally: OKEX: Cybersecurity Company has located a technicality in UDST down payment
Ontology’s two-token version
The blockchain is recognized for its two-token design. The design was started for taking care of a dual token system. The stated tokens can be made use of for trading, saving network, sending and achieving electronic contracts. Among the tokens (ONT) is specifically developed for governance, whereas the other one (ONG) is an utility token. The ONT holders could also use it for electing on the crypto exchange platform.
Ontology (ONT) Market Performance
The MainNet pre-launch occasion happened on June 26 where in addition to its partners, it talked about the primary use-cases of it in reality. ONT saw a miraculous rise of 13.47% in its cost, a day prior to the occasion. Currently, ONT is trading at $5.13, with a market cap of $775. In the last 24 hours, the cost surged up by 1.81%.
A mechanical engineer turned journalist, Shekar takes a keen interest in the study and analysis of cryptocurrencies and blockchain strategy. With the cryptocurrency world blooming in the recent days, he finds great interest in monitoring their growth and gathering every possible piece of information about them. He works as a crypto-journalist for the website Perfect Bitcoins.