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 Symbol (ONT) which is arranged for July 4, tokens of the users will be instantly transferred to the new MainNet.

The electronic possession exchange was founded in 2014 by OKCoin Chief Executive Officer Celebrity Xu. The exchange declares to supply “thousands of token as well as futures trading pairs to help traders optimize their method” and also to have “gained numerous bucks’ worth of investments from leading business”. Its headquarters remains in Hong Kong.

See also: Ontology (ONT) MainNet launch goes live, know more about it

OKEx notified that ONT withdrawal is currently put on hold. The suspension time of the deposition of ONT will certainly be educated later on. The resumption time will certainly also be introduced later. OKEx advised the individuals that trading electronic assets include considerable danger and also it could cause loss of spent resources.

They even more pointed out that individuals should fully recognize the danger included. It is very important to take into consideration the level of experience, financial investment goals and look for independent monetary suggestions if needed. Ontology MainNet obtained released on June 30, 2018. The Network tweeted: “Ontology 1.0 is now live. Thanks for visiting the new globe”.

See also: OKEX: Cybersecurity Company has found a loophole in UDST deposit

Ontology’s two-token model

The blockchain is known for its two-token version. The version was begun for handling a dual token system. The claimed symbols can be used for trading, storing network, sending as well as accomplishing electronic agreements. Among the symbols (ONT) is especially developed for governance, whereas the various other one (ONG) is an utility token. The ONT owners could additionally utilize it for electing on the crypto exchange platform.

Ontology (ONT) Market Performance

The MainNet pre-launch occasion occurred on June 26 where along with its companions, it talked about the major use-cases of it in the real world. ONT saw a remarkable rise of 13.47% in its cost, a day prior to the occasion. Presently, ONT is trading at $5.13, with a market cap of $775. In the last 24 hours, the price surged up by 1.81%.

Image via Shutterstock

Join our Telegram group

Leave a Reply

Your email address will not be published. Required fields are marked *

© Copyright 2018. Qryptoex. Designed by Space-Themes.com.