Ontology (ONT) focuses on incorporating businesses from all sectors into the blockchain technology. Individuals and different institutions can also join in to create their own blockchains or applications on the Ontology platform. The development team of the crypto coin claims that different trust mechanisms have been used to develop a unique decentralized trust mechanism that will make the public blockchains and applications secure. In fact, the recent announcement of the partnership of two giants NAGA and Ontology is expected to bring a new look to the fintech market.
NAGA and Ontology Partner Up to Redesign Fintech Market
On the 3rd of May 2018, Ontology and NAGA announced that they will work together to bring on a “significant and powerful change” in the approach taken by a company to do business. By this partnership, Ontology will take a step closer to its goal that is, introducing public blockchains along with smart contact systems and complete distributed ledgers to the financial-technology or fintech market.
NAGA is often considered to have one of the most rousing ecosystems in the cryptocurrency market and is the first to offer a secure and transparent escape route to the cryptocurrency world to a financial instrument. Ontology was released in the crypto market in late March 2018 and is studiously working on providing a distributed trust collaboration platform. This partnership will see the two giants putting their heads together to create a new generation of distributed trust mechanisms and public blockchain that will become the base of real business applications and situations. They will experiment in application development areas, outreach and incubation.
“We are super excited about the Ontology project and we are eager to announce new developments in cooperation with the platform. We believe that it will help to boost and grow our business exponentially.”
- Benjamin Bilski, NAGA Founder and Executive Director
“We are happy to welcome NAGA to build up the application ecosystem through wielding Ontology’s next-generation public chain infrastructure […] We feel confident that together we can open up the international market, expand the Ontology ecosystem, and advance global blockchain development.”
- Juni Li, founder of Ontology (ONT)
Presently, NAGA is working on projects like NAGA TRADER, NAGA COIN (NGC), NAGA WALLET, and NAGA CARD. Moreover, the ecosystem of NAGA is well accepted in the cryptocurrency space. Ontology’s inclusive trust mechanism will only strengthen this massive project. It is not only that their objectives match, this partnership is logically sound too. Looking at the objectives of these two giants, NAGA wants to provide the best products and financially incorporate everyone and Ontology is completely centered on identity, trust, data exchange, and authorization. Ontology is also trying to incorporate the medical space, government and insurance industry in the blockchain technology. Joining hands will ensure a secured space that will help in financial inclusion of the individuals.
UPbit Listing Ontology (ONT)
Prior to the partnership announcement, on the 2nd of May 2018, another big event took place in the pages of Ontology (ONT). In the Twitter account of UPbit exchange it was revealed, “Thursday 23:00:00 (KST) #Upbit will give 5% of $ONT holdings to customers who hold ONT coins at the time of the snapshots. Maximum Payout is 1,000 ONT weekly up to 125,000 ONT per week. If coins are sold or withdrawn, accounts will not be eligible for payouts. @OntologyNetwork”
The new UPbit listing of Ontology (ONT) had caused the price to surge a little, considering it was released in late March. One can only expect that the news of NAGA and Ontology partnership and the UPbit listing will cause the price of ONT to rise. At the time of writing the price of ONT shows approximately $9.80 USD and a market cap of nearly $1,103,683,909 USD on coinmarketcap.com. (As of 4th May 2018) Now, it is to be whether the price action continues to move in the positive in this weekend and even later on.
Launch of SmartX, a Smart Contract Tool
It seems that the pages of the diary of Ontology (ONT) are full and the crypto coin is more likely to continue to add some serious partnerships and features in its bag. These are also going to attract some investors, keeping a positive effect on the price action. The only thing to do now is to wait and watch the ‘progress’ of Ontology (ONT).
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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.
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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.
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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%.
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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.
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