Binance announced new pairs and a support for Ontology (ONT) mainnet token swap

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.

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.

 

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CaptainAltcoin's writers and guest post authors may or may not have a vested interest in any of the mentioned projects and businesses. None of the content on CaptainAltcoin is investment advice nor is it a replacement for advice from a certified financial planner. The views expressed in this article are those of the author and do not necessarily reflect the official policy or position of CaptainAltcoin.com

Felix Küster

Felix Küster

Felix Kuester works as an analyst and content manager for Captainaltcoin and specializes in chart analysis and blockchain technology. He is also actively involved in the crypto community - both online as a central contact in the Facebook and Telegram channel of Captainaltcoin and offline as an interviewer he always maintains an ongoing interaction with startups, developers and visionaries. The physicist has couple of years of professional experience as project manager and technological consultant. Felix has for many years been enthusiastic not only about the technological dimension of crypto currencies, but also about the socio-economic vision behind them.

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