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

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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 set up for July 4, symbols of the users will certainly be automatically moved to the brand-new MainNet.

The electronic possession exchange was founded in 2014 by OKCoin CEO Star Xu. The exchange declares to provide “thousands of token and futures trading sets to assist traders enhance their method” and to have actually “gained millions of bucks’ well worth of financial investments from leading business”. Its headquarters remains in Hong Kong.

OKEx educated that ONT withdrawal is currently put on hold. The suspension time of the deposition of ONT will certainly be informed later on. The resumption time will certainly likewise be introduced later on. OKEx alerted the customers that trading digital assets include substantial danger and it could lead to loss of invested funding.

They further pointed out that customers need to completely recognize the danger included. It is necessary to take into account the level of experience, financial investment objectives as well as seek independent financial advice 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 globe”.

Ontology’s two-token design

The blockchain is recognized for its two-token design. The model was begun for managing a dual token system. The said symbols can be made use of for trading, keeping network, sending and completing electronic agreements. Among the symbols (ONT) is especially made for administration, whereas the other one (ONG) is an energy token. The ONT owners could likewise utilize it for electing on the crypto exchange platform.

Ontology (ONT) Market Performance

The MainNet pre-launch event occurred on June 26 where along with its companions, it went over the major use-cases of it in real life. ONT saw an incredible surge of 13.47% in its rate, a day before the occasion. Currently, ONT is trading at $5.13, with a market cap of $775. In the last 1 Day, the cost increased up by 1.81%.

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