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 introduced that after the MainNet swap of Ontology Symbol (ONT) which is set up for July 4, symbols of the individuals will be automatically moved to the new MainNet.

The electronic possession exchange was founded in 2014 by OKCoin CEO Celebrity Xu. The exchange claims to supply “numerous token and also futures trading pairs to help investors optimize their technique” and to have actually “obtained millions of bucks’ well worth of financial investments from leading ventures”. Its headquarters remains in Hong Kong.

See likewise: Ontology (ONT) MainNet launch goes live, understand more regarding it

OKEx educated that ONT withdrawal is currently put on hold. The suspension time of the deposition of ONT will certainly be notified later. The resumption time will likewise be introduced later on. OKEx cautioned the customers that trading digital possessions involve significant danger and also it can lead to loss of spent capital.

They even more discussed that individuals should fully recognize the danger involved. It is important to take into account the level of experience, financial investment purposes and seek independent monetary advice if called for. Ontology MainNet got introduced on June 30, 2018. The Network tweeted: “Ontology 1.0 is currently live. Welcome to the brand-new world”.

See likewise: OKEX: Cybersecurity Business has actually discovered a loophole in UDST down payment

Ontology’s two-token version

The blockchain is understood for its two-token version. The model was started for taking care of a double token system. The said tokens can be used for trading, keeping network, sending out and also achieving digital contracts. Among the symbols (ONT) is specifically designed for governance, whereas the various other one (ONG) is an utility token. The ONT holders can additionally use it for voting on the crypto exchange platform.

Ontology (ONT) Market Performance

The MainNet pre-launch occasion took place on June 26 where in addition to its companions, it talked about the main use-cases of it in reality. ONT saw an amazing 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 Hr, the price increased 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 Cryptoheed.

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