During the current bear market when bitcoin is too weak to jump over its threshold range, some altcoins have managed to find their own way to survive. When it comes to Ontology, the project hasn’t been surviving but rather thriving since the time it was launched.
Ontology team has already noticed its community regarding the upcoming Mainnet ONT token swap event which is slated for 30th June. During this month crypto enthusiasts have been hearing the word ‘Mainnet’ far too many times. After EOS and TRON now its Ontology’s turn to prepare for a Mainnet token swap. Experts of the crypto markets believe that this way Ontology will remain a must-buy crypto for traders.
Why is Ontology the Top Crypto Pick for This Month?
Ontology has always stood out because of its uniqueness and features. It was the very first crypto project which opted for an Airdrop rather than the cumbersome ICO. Ontology is widely recognized due to growing interest within crypto enthusiasts and significant crypto investors. Its stable-ish market performance is the reason why ONT HODlers are increasing every day.
The concept behind Ontology is just as unique. It belongs to the third generation of cryptocurrencies whose main focus is to improve interoperability across blockchain networks and orthodox network. The community believes in Ontology’s concept because it has untapped potential and is linked with NEO (a.k.a Chinese Ethereum). Ontology is also one of the cryptocurrencies which do not have transaction fees. Their team has created ONG (Ontology Gas) that’s similar to NEO’s GAS tokens which act as rewards for trader’s participation in consensus building and/or holding their stakes.
With its upcoming Mainnet Token Swap, it’s possible for Ontology markets to climb new heights and record new peak values for ONT.
Ontology Makes Its Way in Automobile Industry with New Alliance:
Some days ago, Ontology surprised its dedicated community by committing to a unique alliance and making its grand entry into the industry of Automobile. They announced getting into a partnership with CarBlock which is the world’s first blockchain based transportation solution that has the active application working for it. Both of these companies will be working together in core technology, business resources integration and collaborate in community operations as well. CarBlock plans to airdrop tokens to Ontology certified cars and their owners. According to Ontology’s founder, Jun Li, this partnership is a part of their Real Economy Strategy and will result in the enhancement of Ontology ecosystem.
Everything about Ontology Mainnet Token Swap:
The Ontology Mainnet token swap is one of its most hyped events which are scheduled to take place on 30th June 2018. A number of exchanges such as CoinEgg, KuCoin, Gate.io, Upbit, OKEx, Binance and Huobi have come forward to announce their support for this upcoming and important event for Ontology holders. The manual mapping address for mainnet token swap is to be released after the mainnet launch. Users are only required to use either their private key or WIF in order to complete the token swap.
Ontology and Contentos Join Forces for Blockchain Content Industry:
There’s no denying that blockchain technology is making a lasting impression by entering most industries. Almost every day, a significant blockchain project announces its contribution to the enhancement of a business sector that ultimately benefits their users and investors. In the same way, on the day of 19th June, Ontology surprised its community by releasing the announcement of their collaboration with Contentos. Both companies will now be working on public blockchain solutions for content. Through this alliance, Ontology and Contentos will be working on several new projects and as Ontology gives monetary value to content, the company Contentos will expand their development. According to the details posted by Ontology, the first project whose development is underway is being called, Multiple Blockchain Solution Initiative. Ontology team has also admitted that this partnership will support their real economy strategy and make Ontology truly influential in the digital content industry.
Current Market Position:
At the time of writing, the crypto markets are showing off green signs for most cryptocurrencies. Ontology at such a moment is placed at the 19th rank on CoinMarketCap. The individual price per ONT token is close to $6.64 and its rising at the rate of 3.09%. in a short time of being active, Ontology has accumulated the market capitalization of $1 billion whereas its 24-hour volume by trade for the past 24 hours is approximate, $74 million. Recently, Ontology got listed on a new exchange called BitMart so experts indicate that there’s going to be a spike in performance in the coming days.
Final Thoughts About Ontology:
Ontology is one of the most advantageous crypto projects for now. It’s working hard on its technical achievements and to develop public chain by connecting resources with new partners and their technical teams. Through the new partnerships and mainnet token swap, Ontology aims to offer diversified industry solutions and strengthen the value of ONT. For such reasons, it would be highly advantageous to keep a close watch on Ontology all this month.
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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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Reasons Why You Are Much Safer When Crypto Trading on Dexes
While many cryptocurrencies aim to bring the change to the world by bringing full decentralization, one aspect of the crypto space still remains mostly centralized, and that is the way they are exchanged. Most crypto exchanges are centralized companies, where traders and investors need to deposit their coins for safekeeping. This is a risky way to handle the funds, as exchanges remain susceptible to hacks and theft, as many realized recently, after the hack of the world’s largest exchange by trading volume, Binance.
During the hack, around 7,000 BTC (over $40 million) was taken, and sent to multiple wallets, never to be seen again — for now, at least. The hack also came as quite a shock, as Binance was known for its efficiency, security, and high levels of confidence. It also made people realize that their coins are not really theirs if they need to rely on third parties, such as exchanges, to keep them safe. As a result, many are now turning away from centralized exchanges, and are heading towards decentralized ones — also known as DEXes.
Here are some reasons why you might want to consider doing the same.
1. True ownership of your coins
The crypto community has a saying: “not your keys, not your coins.” The saying is now more relevant than ever, but it does not apply on DEXes. Decentralized exchanges…
Crypto Billionaire Predicts Massive Price Growth by 2021
Crypto prices are once again going up, and Bitcoin has just passed a major resistance level at $6,000. With a situation like that, it is not surprising that everyone in the crypto community is looking forward to the future, wondering what to expect in years to come. Many experts have already given their predictions, some more optimistic than others, but almost all bullish.
Crypto billionaire Mike Novogratz has always been very supportive of cryptocurrencies, and very bullish on Bitcoin. He recently stated that he sees the coins’ prices triple in the following 18 months, meaning that Bitcoin’s return to $20,000 might not be far away, according to him.
He noted that Bitcoin is back to $6,000 after its price hit as low as $3,100 only a few months ago. These days, Novogratz does not believe Bitcoin will return to such lows unless there is a devastating exchange hack or a major shift in regulations. Of course, there was a big hack that had the potential to damage the coin’s price, only days ago. The world’s largest crypto exchange by trading volume, Binance, saw a significant security breach which resulted in a theft of 7,000 BTC.
However, so far, the coin did not react negatively to this incident. While Novogratz believed that such an event would shatter the new confidence in BTC, it simply did not happen. However, he…
TokenRoll (TKR) Platform Will Take Online Casinos to the Next Level
Corporate executives are turning to blockchain technology more than ever in an attempt to revolutionize the business world. Although blockchain is still a relatively new concept, that hasn’t stopped more and more companies from jumping on the bandwagon. This hot new technology has quickly gained a reputation for providing greater transparency, enhanced security, improved traceability, increased efficiency, and low costs. One industry that could certainly benefit from decentralization is the online gambling market, specifically, online casinos. TokenRoll (TKR) has developed a platform that appears to offer a promising alternative to centralized casinos.
Problems with Centralized Casinos
The primary reason why blockchain technology is being implemented so quickly is because it solves a lot of the problems typically associated with the traditional business model. And online casinos are no different. It still needs to be said that centralized casinos have proven that there is a great demand for online gambling. The market is growing faster than anyone could have predicted, and future opportunities appear very promising and lucrative. But industries are continually evolving and this one is no different.
A few of the problems facing centralized casinos include the following:
- Little to no transparency
- Consumer lack of confidence
- Privacy concerns
- 48-72 hour wait time for withdrawals
These are four monumental issues that need to be addressed quickly given the global growth of the market. Casinos need to…
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