Binance, one of the largest exchanges in the world, announced yesterday that it will fully support the token swap of the crypto currency ontology. Furthermore, new crypto currencies and trading pairs were added to the platform.
Onotology will launch her Mainnet at the end of June and finally grow up and have their own blockchain. Binance has announced that it fully supports the Mainnet token swap scheduled for June 30, 2018. In addition, a new trading pair ONT/USDT was added, which allows the direct exchange of Ontology for Tether.
#Binance Supports $ONT Mainnet Swap and Adds #ONT/USDT Trading Pairhttps://t.co/Ob1j45x1u5 pic.twitter.com/nUXgHYkGPm
— Binance (@binance) June 8, 2018
Ontology uses a model with two tokens: ONT and ONG. ONT is initially an NEP-5 token and does not release ONG. After launching the Ontology MainNet, users can swap NEP-5 ONT for ONT on the Ontology MainNet that will periodically release ONG. Further information can be found here.
Binance has also listed new crypto currencies. These include:
Streamr (Data)
Nexus (NXS)
SingularityNET (AGI)
QuarkChain QKC)
IoTeX (IOTX)
As we reported earlier, NEO and Ontology have signed a letter of intent to establish a joint venture to drive API standardization.
This project is set to have a duration of 6 months and subsequently, after reviewing the success, negotiations are to be held again as to whether there should be another financing round.
The prices of Ontology and NEO are moving sideways in line with the current market trend. NEO ranks 11th and Ontology 19th ($1.1 billion market capitalization) among the world’s largest crypto currencies.
