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 revealed that after the MainNet swap of Ontology Token (ONT) which is arranged for July 4, symbols of the users will be immediately transferred to the new MainNet.

The electronic property exchange was founded in 2014 by OKCoin Chief Executive Officer Celebrity Xu. The exchange asserts to provide “hundreds of token as well as futures trading sets to assist traders maximize their technique” and also to have “acquired countless dollars’ worth of financial investments from leading ventures”. Its headquarters is in Hong Kong.

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

OKEx educated that ONT withdrawal is now put on hold. The suspension time of the deposition of ONT will certainly be informed later. The resumption time will also be revealed later. OKEx advised the individuals that trading digital assets include considerable risk as well as it could lead to loss of spent resources.

They even more discussed that customers need to fully comprehend the risk included. It is essential to take into consideration the degree of experience, investment purposes and look for independent financial advice if needed. Ontology MainNet obtained released on June 30, 2018. The Network tweeted: “Ontology 1.0 is currently live. Thanks for visiting the brand-new world”.

See also: OKEX: Cybersecurity Company has actually located a technicality in UDST deposit

Ontology’s two-token version

The blockchain is known for its two-token version. The design was begun for taking care of a double token system. The said tokens can be utilized for trading, keeping network, sending and also accomplishing electronic agreements. One of the tokens (ONT) is specifically designed for administration, whereas the various other one (ONG) is an energy token. The ONT owners can additionally use it for voting on the crypto exchange system.

Ontology (ONT) Market Efficiency

The MainNet pre-launch occasion occurred on June 26 where in addition to its partners, it discussed the major use-cases of it in real life. ONT saw an amazing rise of 13.47% in its rate, a day before the event. Presently, ONT is trading at $5.13, with a market cap of $775. In the last 24 hours, the cost 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 possibleA piece of information about them. He works as a crypto-journalist for the website Abitcoinresource.

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