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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XNO Token of Xeno NFT Hub listed on Bithumb Korea Exchange
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.
NFTs are already being actively traded in markets globally. For…
Should Crypto Projects Devote Resources to Community Growth and Marketing?
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…
XENO starts VIP NFT trading service and collaborates with contemporary artist Hiro Yamagata
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…