OKEx announces withdrawal suspension of Ontology token (ONT), MainNet swap in progress

Home » News » OKEx announces withdrawal suspension of Ontology token (ONT), MainNet swap in progress
July 5, 2018 by
OKEx announces withdrawal suspension of Ontology token (ONT), MainNet swap in progress

OKEx announced that after the MainNet swap of Ontology Token (ONT) which is scheduled for July 4, tokens of the individuals will be instantly transferred to the new MainNet.

The electronic asset exchange was founded in 2014 by OKCoin Chief Executive Officer Star Xu. The exchange declares to give “thousands of token as well as futures trading sets to assist traders maximize their strategy” and to have actually “gotten countless dollars’ worth of investments from leading enterprises”. Its headquarters is in Hong Kong.

See also: Ontology (ONT) MainNet launch goes online, understand even more concerning it

OKEx notified that ONT withdrawal is now suspended. The suspension time of the deposition of ONT will be notified later on. The resumption time will certainly also be introduced later on. OKEx alerted the users that trading digital properties involve considerable threat and it can lead to loss of invested funding.

They even more discussed that customers need to totally understand the danger included. It is necessary to think about the degree of experience, financial investment objectives as well as look for independent economic guidance if required. Ontology MainNet obtained launched on June 30, 2018. The Network tweeted: “Ontology 1.0 is currently live. Thanks for visiting the brand-new globe”.

See also: OKEX: Cybersecurity Business has actually discovered a technicality in UDST deposit

Ontology’s two-token version

The blockchain is understood for its two-token design. The design was started for managing a dual token system. The claimed symbols can be utilized for trading, keeping network, sending out as well as completing electronic contracts. Among the tokens (ONT) is specifically developed for governance, whereas the various other one (ONG) is an utility token. The ONT holders can likewise utilize it for voting on the crypto exchange system.

Ontology (ONT) Market Efficiency

The MainNet pre-launch event happened on June 26 where along with its companions, it talked about the primary use-cases of it in the real world. ONT saw a miraculous surge of 13.47% in its rate, 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 rate spiked up by 1.81%.

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