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Ontology Shows Promising Movements After Securing Contentos Partnership

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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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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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Altcoins

ICTE May Bring About Sweeping Changes for Cryptocurrency Exchanges

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Cryptocurrency has taken the world by storm during the last few years. An entirely new financial market was created almost overnight which has captured the imagination of all its participants. Cryptocurrency is even starting to attract institutional money from investment banks, hedge funds, and other proprietary trading firms. Despite the rapid growth, traders remain extremely frustrated by having to deal with the fragmented nature of centralized crypto exchanges.

A Change is Needed

When cryptocurrency first began, there weren’t many participants and the trading volume was relatively insignificant. But, over time, that has radically changed. Some tokens now have a capitalization in the billions and are being traded 24-7 by institutions all over the world. Despite the volume, significant problems exist with the current way that exchanges work. Some of those problems include the following:

  • Constant fear of hackers
  • Exchange manipulation
  • Fragmented liquidity
  • Risk of identity theft

One of the biggest issues regarding centralized exchanges is the risk of being hacked. These hack stories seem to always be circulating around the internet. While experienced traders may have the tools to avoid becoming a victim, potential new traders have zero interest in dealing with this. And it’s not just the small exchanges that are at risk. Even large exchanges, such as Mt. Gox and Binance, are subject to being hacked.

Another huge risk is having to deal with…

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Altcoins

SonicX and Dash Could Challenge Facebook’s Libra for Global Payments Market Share

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When Satoshi Nakamoto unveiled Bitcoin to the world, the dream was always for Bitcoin to serve as a new universal currency.  It would be free from the bureaucracy of governments.  And free from the tyranny of the old-world financial cartels.  Although the dream hasn’t yet materialized, it comes closer and closer with each passing day.

One of the biggest roadblocks for Bitcoin has been scalability.  At a speed of approximately 7 transactions per second, Bitcoin lags behind other cryptocurrencies like Ripple and global payment processors like Visa.  Many expect the lightning network to have a positive impact on Bitcoin’s TPS but until that comes to fruition, mass adoption will likely need another significant development.

Libra Currency Announcement

One development that could help pave the way toward mass adoption is the launch of the Libra currency.  Libra is expected to go live during the first half of 2020 according to Facebook’s June announcement.  According to Facebook, Libra will make sending money online cheaper and faster.  It will also have a hand in improving access to financial services, especially for the unbanked.  Given Facebook’s global reach, including many third world countries, providing financial access to the unbanked could provide a huge spark to global economies.  Additionally, it could provide the growth spark that cryptocurrency needs.

Facebook’s most popular messenger, WhatsApp, has approximately 1.5 billion monthly users.  This application is…

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