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Mithril (MITH) and Ontology (ONT) Grabbing Attention in the Crypto World

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Ontology (ONT) had entered the cryptocurrency market on 8th March 2018 while Mithril (MITH) had joined on 25th March 2018. These two dates are not really something to grab the attention of the investors and traders as many new crypto coins have been launched in the last quarter of 2017 and first quarter of 2018. What makes ONT and MITH stand out is that they have attained the ranks within 150 (as of 12th April, MITH at 122 and ONT at 21), according to coinmarketcap.com within such a short time, especially when the cryptocurrency market was largely bearish in the first quarter of 2018.

Ontology (ONT)

The developers’ team of Ontology has designed the platform in such a way that it will support public blockchains. The developers, in fact, will be able to outline their own blockchain to meet myriads of requirement. Thus, the developers can create different applications on the Ontology platform. The Ontology developers’ team has thus studied analyzed smart contract systems and distributed ledger technology extensively.

From the whitepaper of Ontology (ONT), Ontology’s storage system works on a distributed ledger. The key feature of the completely decentralized, tamper-proof ledger is that trust is shared amongst multiple parties through the use of smart contracts, distributed networks, distributed storage, distributed authority, distributed security, and a variety of modules.

Reasons to Choose Ontology (ONT) in Q2

  • Innovative Trust Mechanism: Ontology looks forward to solving the trust and security issues. At present, the trust mechanisms in place are not enough to prevent the Internet of Things being accessed illegally, using malicious nodes. The platform of Ontology combines different trust mechanisms to develop a comprehensive decentralized trust mechanism. The design structure, according to the whitepaper is modularised and flexible.
  • Incorporating Different Businesses: Businesses that did not have any knowledge about the workings of the blockchain technology will also be able to develop distributed services through the Ontology network.
  • Multi-Source Identity System: The multi-source identity system for people requires verification from different sectors of life like family, friends, banks, businesses, etc. For the identity system of objects on the Ontology platform, the objects can be placed under the supervision of the producers and the consumers. They will have their own API and can even communicate with other digital identity holders. It is a perfect combination of the centralized system and the decentralized system to develop a unique identity verification process and to build a trust ecosystem.
  • The Partnerships: Ontology and NEO’s partnership is another reason to invest in the crypto coin. It is noteworthy that the CEO of Onchain, Da Hongfei is also the co-founder of NEO. And, Ontology was founded by Onchain in 2017. Ontology is also going to partner with big names like Tembusu Partners, Hashed, and Accomplice. Together they will focus on creating a public blockchain infrastructure and a decentralized trust mechanism that can be applied in real business scenarios. Ontology also cooperatively works with several venture capital firms like Sequoia China, Matrix Partners China, Danhua Capital and ZehnFund.

Mithril (MITH)

According to the whitepaper of Mithril, “Mithril is a decentralized social media platform on the Ethereum Blockchain. Mithril will integrate into new and existing social media networks to reward content creators for contributions to the network – we call this Social Mining.”

Mithril focuses on the safe storage of data in a decentralized framework. Unlike the present social media platforms, the user will actually be paid as a content developer through Social Mining. At the time of writing, the price of Mithril (MITH) shows $0.25 USD (30.42%) approximately. It is the right time to invest in the crypto coin as its unique features may increase its demand in the near future and this, in turn, will make the price rise.

Reasons to Choose Mithril (MITH) in Q2

  • Mithril will bring in a huge transformation in the social media arena. People will invest more time in it as there will now be an opportunity to earn as a content developer. The number of MITH tokens a content developer is rewarded will depend on how large a readership base s/he has been able to create.
  • Mithril will be seen as a utility token on Lit. Lit is a unique social media platform sees to the requirements of the current generation of social media users. It is a perfect combination of two innovative platforms, one involving social media and the other blockchain technology.
  • Nearly 350 million MITH tokens are said to enter the social media market at present. To increase the value of the coins, the total amount in circulation will be divided by two annually till the moment they are disseminated among the users. The value of MITH is expected to rise once all the coins are circulated. Therefore, this is the right moment to get hold of the coins. As the price hopefully increases exponentially in future, the present buyers will greatly benefit from it.
  • The development team of Mithril is currently focused on creating a merchant’s network that will enable the users to use their tokens. As the tokens will be structured on Ethereum ERC-20, they will sport some similar features. Thus the users will be able to utilize the tokens on premium content channels, dating, live-streaming, and retailers that are listed on the Mithril Merchant Network.
  • The holders of MITH will be able to exchange them for Ethereum and Bitcoin directly. This will open up new arenas for those who have stored large amounts of the crypto coin.

Both Ontology (ONT) and Mithril (MITH) have passed the test of Q1 this year and at the moment it seems that they will continue to have a good run. Q2 is the best time to invest in these two crypto coins as it will be more when their prices will increase in future.

We will be updating our subscribers as soon as we know more. For the latest on MITH and ONT, sign up for our free newsletter!

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.

Image courtesy of Olivier via Flickr

Altcoins

XNO Token of Xeno NFT Hub listed on Bithumb Korea Exchange

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Hong Kong, Hong Kong, 25th January, 2021, // ChainWire //

Xeno Holdings Limited (xno.live ), a blockchain solutions company based in Hong Kong, has announced the listing of its ecosystem utility token XNO on the ‘Bithumb Korea’ cryptocurrency exchange on January 21st 2021.

Xeno NFT Hub (market.xno.live ), developed by Xeno Holdings, enables easy minting of digital items into NFTs while also providing a marketplace where anyone can securely trade NFTs.

The Xeno NFT Hub project team includes former members of the technology project Yosemite X based in San Francisco and professionals such as Gabby Dizon who is a games industry expert and NFT space influencer based in Southeast Asia.

NFT(Non-Fungible Token) technology has recently gained huge focus in the blockchain arena and beyond, making waves in the online gaming sector, the art world, and the digital copyrights industry in recent years. The strongest feature of NFTs is that “NFTs are unique digital assets that cannot be replaced or forged”. Unlike fungible tokens such as Bitcoin or Ether, NFTs are not interchangeable for other tokens of the same type but instead each NFT has a unique value and specific information that cannot be replaced. This fact makes NFTs the perfect solution to record and prove ownership of digital and real-world items like works of art, game items, limited-edition collectibles, and more. One of the ways to have a successful trading…

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Altcoins

Should Crypto Projects Devote Resources to Community Growth and Marketing?

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2020 has been an incredible year for crypto as investors have generated windfall profits and crypto projects have seen their businesses gain the spotlight they’ve been looking for.  While Bitcoin has received most of the attention after major institutional investors announced they were accumulating the increasingly scarce asset, many altcoins have also seen their fair share of glory.  When looking at all the big winners of the past year, the first project that probably comes to mind is Chainlink, having appreciated by more than 550% YTD and now valued at over $4.5 billion.  But, the actual biggest winner of the year is HEX with a YTD return of over 5,000%.

I mention both of the above projects as they have each taken slightly different paths to achieve greatness.  Chainlink has devoted resources toward building a fundamentally sound business with many strategic partnerships while HEX has spent vast sums of money on marketing and promotion.  Both approaches are valid, but one thing is certain, it is absolutely imperative for crypto projects to let the crypto community know what makes them special.  Of course, one of the reasons that makes crypto so valuable is the powerful blockchain technology that most projects are utilizing.

Cryptocurrency vs. Blockchain Technology

It’s important to make a distinction between blockchain technology and cryptocurrency.  Although they are often used interchangeably, they are different.  Blockchain technology and crypto were both created after the 2008 financial crisis, but cryptocurrency…

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Altcoins

XENO starts VIP NFT trading service and collaborates with contemporary artist Hiro Yamagata

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Hong Kong, Hong Kong, 24th December, 2020, // ChainWire //

The XENO NFT Hub (https://xno.live) will provide a crypto-powered digital items and collectables trading platform allowing users to create, buy, and sell NFTs. Additionally it will support auction based listings, governance and voting mechanisms, trade history tracking, user rating and other advanced features.

As a first step towards its fully comprehensive service, XENO NFT Hub launched a recent VIP service to select users and early adopters in December 2020 with plans for a full Public Beta to open in June 2021. 

“NFTs are extremely flexible in their usage, from digital event tickets to artwork, and while NFTs have a very wide spectrum of uses and categories XENO will initially focus its partnership efforts and its own item curation on three primary areas: gaming, sports & entertainment, and collectibles.”, said XENO NFT Hub president Anthony Di Franco.

He also added “This does not mean we will prohibit other types of NFTs from our ecosystem However, it simply means that XENO’s efforts as a company will be targeted into these verticals initially as a cohesive business approach.”

Development and Procurement Lead, Gabby Dizon explained, “Despite our initial focus, we found ourselves with a unique opportunity to host some of the works of Mr. Hiro Yamagata. We are collaborating with Japanese artist Hiro Yamagata to enshrine some of his artwork into NFTs.”

Mr. Yamagata has been…

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