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%.
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 Abstractblockchain.