Connect with us

Blogs

Ontology Shows Promising Movements After Securing Contentos Partnership

Published

on

Ontology
READ LATER - DOWNLOAD THIS POST AS PDF

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.

For the latest cryptocurrency news, join our Telegram!

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 Pexels

Altcoins

Cryptocurrency Collateralized Debt Positions Are Growing in Popularity

Published

on

collateralized debt position
READ LATER - DOWNLOAD THIS POST AS PDF

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…

Continue Reading

Altcoins

Hodium Presents a Compelling Opportunity for Outsized Investment Returns

Published

on

Hodium
READ LATER - DOWNLOAD THIS POST AS PDF

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…

Continue Reading

Altcoins

KaratGold Proves Its Business Model By Providing Official Documents

Published

on

READ LATER - DOWNLOAD THIS POST AS PDF

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…

Continue Reading

Elite