Ontology MainNet is now live - its price surged, then dropped again
The rank 19 (according to Coin Market Cap) coin Ontology just announced that their MainNet is live. Its price is 8% up since yesterday.
Ontology 1.0 is now live. Welcome to the new world: https://t.co/YPor3Yyj8K $ONT
— Ontology (@OntologyNetwork) June 30, 2018
The company provided its investors with two options of ONT mapping. For those who hold their ONT on exchanges, the swap will take place automatically, as the exchanges will complete the process. If you're holding the tokens in a NEO wallet, you can set up your own MainNet address and send the tokens over yourself. Ontology suggested that you may refer to their official notice for more instructions.
The deadline for the token swap is 00:00 (UTC + 08:00) on 1 October 2018. At the moment, Ontology adopts a double token system. ONT (the one in question) acts as a security token, while ONG, on the other hand, is a utility token.
ONT's price surged by 13% one day before the swap, but dropped by about $.20 after a few hours. It's price is still 8.74% up at the time of writing, being valued at $5.21.
Ontology aims to be a "distributed trust collaboration platform" that is "able to customize different public blockchains for different applications", according to their own website.
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