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 scheduled for July 4, tokens of the individuals will certainly be instantly moved to the brand-new MainNet.

The electronic property exchange was founded in 2014 by OKCoin Chief Executive Officer Star Xu. The exchange asserts to provide “hundreds of token and also futures trading pairs to assist traders enhance their approach” as well as to have “gotten millions of dollars’ well worth of investments from leading business”. Its headquarters remains in Hong Kong.

See likewise: Ontology (ONT) MainNet launch goes online, know more concerning it

OKEx informed that ONT withdrawal is currently suspended. The suspension time of the deposition of ONT will certainly be notified later. The resumption time will likewise be revealed later. OKEx warned the individuals that trading digital possessions entail significant threat and it could result in loss of invested funding.

They additionally pointed out that individuals should fully understand the risk involved. It is necessary to take into account the degree of experience, investment objectives as well as look for independent financial suggestions 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 world”.

See additionally: OKEX: Cybersecurity Business has actually discovered a technicality in UDST down payment

Ontology’s two-token version

The blockchain is understood for its two-token design. The design was begun for taking care of a dual token system. The claimed tokens can be utilized for trading, storing network, sending out and also accomplishing digital agreements. Among the tokens (ONT) is especially designed for governance, whereas the various other one (ONG) is an energy token. The ONT owners can additionally use it for electing on the crypto exchange platform.

Ontology (ONT) Market Performance

The MainNet pre-launch event took place on June 26 where together with its companions, it talked about the main use-cases of it in reality. ONT saw a miraculous surge of 13.47% in its cost, a day prior to the event. Presently, ONT is trading at $5.13, with a market cap of $775. In the last 1 Day, the rate increased up by 1.81%.

shekar

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 Beyond Bitcoinx.

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