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How Venture Capital Cooperation Is Going to Change The Future Of Ontology (ONT)

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Ontology
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Ontology (ONT) is one of the most recent entries in the crypto-world. After conducting a successful airdrop as an initial coin offering in early 2018 and raising a significant amount of money, Ontology was finally tokenized on 8th March 2018. For a cryptocurrency that had been introduced just about a month ago, acquiring a decent market capitalization as well as token price is a Herculean task. But this cryptocurrency seems to do that job quite easily as it currently holds the 21st position on the Coinmarketcap list where nearly 1600 different cryptocurrencies are listed currently. Moreover, Ontology’s development team are incessantly making major upgrades in its blockchain system to make this currency even more convenient for the traders all around the world. Here, a few aspects of this coin and the effect of Ontology’s recent venture capital cooperation will be discussed for the new ONT investors.

A Brief Overview:

Ontology is a unique combination of distributed trust collaboration platform and a highly efficient public blockchain project. The ONT blockchain system consists of a series of distributed ledgers along with smart contracts. The platform is capable of customizing different public blockchains for various applications. The technology of this digital currency is predominantly based on the collaboration amongst the chain networks with their respective protocol groups. For various kinds of distributed scenarios, ONT offers common modules on the underlying infrastructure.

This efficient blockchain system is one of the many reasons why this currency has gained such popularity within such a short period time.

The Cooperation with Venture Capital Firms:

On 4th April 2018, the team behind Ontology announced its cooperation with four major venture capital firms namely Sequoia China, Matrix Partners China, Danhua Capital (DHVC), and ZhenFund. The main purpose of this cooperation is to initiate Co-Builder Plan. The aim of this plan is to build, serve, and govern the entire blockchain ecosystem together. Through these partnerships, ONT would be able to develop, outreach, and incubate a distributed trust ecosystem to support real business applications as well as to create a new generation of public blockchain infrastructure. Each of these four venture capital firms is likely to add something new and effective to the existing blockchain ecosystem of Ontology.

a. Partnership with Sequoia China: Sequoia China is a renowned name worldwide as this venture capital firm has helped several founders build their own business organizations over the years. This company is one of the leading creators of new entrepreneurs across the globe. In the past 46 years, Sequoia China had worked with companies like Apple, Google, Oracle, Cisco, Alibaba, Airbnb, and many others. Therefore, it can certainly be inferred that its partnership with Ontology would invariably make ONT’s blockchain protocol more suitable for commercial applications.

b. Partnership with Matrix Partners China: Matrix Partners China is a US-based renowned venture capital firm that was founded in 2008 and predominantly focuses on China. Over the past few years, this company has been making a significant contribution in helping new entrepreneurs start their own respective business organizations. It offers a unique combination of local knowledge with global vision and experience. Ontology’s partnership with this venture capital firm is likely to increase its coin distribution to a great extent as it collaborates two of the most powerful countries in the crypto-world.

c. Partnership with Danhua Capital: Danhua Capital or DHVC is predominantly a venture capital fund that invests in budding companies with remarkable business paradigm and technology along with an excellent team and big market. This venture capital firm has extensive networks in both China and Silicon Valley. The team of Danhua Capital consists of people with outstanding academic and industry background along with in-depth knowledge of the latest cutting-edge technologies. So, by engaging in a partnership with DHVC, Ontology’s technology will certainly experience significant upgrades eventually making it more acceptable to the traders.

d. Partnership with ZehnFund: ZehnFund is a seed fund based in Beijing and was established in collaboration with Sequoia China seven years ago. Quite similar to Sequoia China, the sole purpose of this venture capital firm is to help new entrepreneurs achieve their dreams and build their own companies. Ergo, the commercial aspect of ONT would certainly be benefitted due to this partnership. Also, ZehnFund contributes to the academics by helping Chinese students study abroad. This way, the ONT cryptocurrency would be able to increase its domain of trading as well.

Final Thoughts:

At the time of writing this article (10th April 2018, 15:05 IST), one ONT token is equivalent to $4.07 and its market cap is approximately 980 million USD. Since its tokenization, ONT has been exhibiting a steady upward trend without any drastic downfalls. It seemed to remain unaffected even during the recent market upheavals due to Bitcoin’s price fluctuation. If these new partnerships are considered as the tip of the iceberg, it can certainly be concluded that Ontology could cause major disruption in the currency chart by the end of this year.

We will be updating our subscribers as soon as we know more. For the latest on ONT, sign up below!

Disclaimer: This article should not be taken as, and is not intended to provide, investment advice. Global Coin Report and/or its affiliates, employees, writers, and subcontractors are cryptocurrency investors and from time to time may or may not have holdings in some of the coins or tokens they cover. Please conduct your own thorough research before investing in any cryptocurrency and read our full disclaimer.

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Altcoins

Cryptocurrency Collateralized Debt Positions Are Growing in Popularity

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collateralized debt position
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While Bitcoin (BTC) continues to hover around the magical 10,000 price level, altcoins continue to fight an uphill battle.  Simply put, hopes of a future bull run continue to diminish as Bitcoin maintains its dominance.  One school of thought is that a few altcoins will survive and flourish, but which ones are anyone’s guess.  That being said, it’s hard to go wrong picking against the top coins like Ethereum (ETH), Ripple (XRP), Litecoin (LTC), and EOS.  These projects have managed to find a foothold in the market and have a better chance than most of staying there.  While traders wait for their positions to increase in value, one opportunity that may be worth looking at is initiating a collateralized debt position.

What is a Cryptocurrency CDP?

In traditional terms, a CDP is essentially putting up collateral in order to receive a loan against the deposited amount.  There are several examples of this in our day to day lives.  Auto title loans from large companies like TitleMax are extremely popular with consumers.  Consumers are essentially able to use their car as collateral in exchange for a cash payment which can then be used for whatever needs the consumer has.  The consumer can continue using their car as long as debt payments are made.

The same concept applies to cryptocurrency CDPs.  Consumers are able to put up crypto tokens, such as…

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Altcoins

Hodium Presents a Compelling Opportunity for Outsized Investment Returns

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Hodium
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I’m sure all of us remember the cryptocurrency glory days of 2017 and early 2018.  It was one of the biggest bull runs in history and created incredibly wealth for quite a few early entrants.  Unfortunately, for most of us, those gains have most likely been wiped out during the altcoin apocalypse.  The truth is that traders probably thought a bit too highly of their trading abilities when the reality was that anyone could have thrown a dart at a board and ended up making money.

As markets mature (and the crypto market is definitely maturing) it becomes more and more difficult to generate alpha.  In that regard, it’s similar to traditional financial markets.  I can remember trading during my high school days.  It was the late 90s and right in the middle of the dot.com boom.  Eventually, however, the euphoria fades away and reality hits hard.  Now, it’s become rather difficult to actually trade profitably which has given way to the rise of hedge funds.

Hedge funds are investment funds that pool capital from accredited and/or institutional investors and invest in a variety of assets, often with extremely complex portfolio-construction and risk management techniques.  The professionals employed by hedge funds are the best of the best and have spent years honing their craft.  That is why they’re able to make the millions of dollars that they normally…

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Altcoins

KaratGold Proves Its Business Model By Providing Official Documents

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There has been a lot of renewed enthusiasm in the cryptocurrency market thanks mainly to Bitcoin’s strong move about 10,000.  Although Bitcoin continues to show its dominance, the altcoin market has yet to benefit from that rally.  A few of the largest altcoins remain popular but the rest of the market continues to lag behind.  In 2018, there was a lot of talk regarding a possible altcoin apocalypse where only the strong would survive.  That prediction appears to be playing out as expected.  Going forward, only the best projects that have a real world need will survive.  Crypto traders will have to spend a lot of their time doing proper research in order to find the best opportunities, just like in all financial markets.  One promising project that appears to have the makings of a future winner is KaratGold Coin.

KaratGold Background

KaratGold Coin is a cryptocurrency developed by the reputable German company Karatbars International, which maintains a leading position in the market of small gold items and investments. The project is part of a larger ecosystem, which involves several blockchain solutions that can be used for transactions, communication, investing and other tasks. During the past few weeks, however, the KaratGold ecosystem has been a target of unsavory scam allegations.  

Karatbars International and GSB Gold Standard Banking Corporation…

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