Market cap $244.12 M Full cap ∞ Volume 24H $42.69 M ATH $10.92
Ontology blockchain framework supports public blockchain systems and is able to customize different public blockchains for different applications. Ontology supports collaboration amongst chain networks with its various protocol groups. Ontology will constantly provide common modules on the underlying infrastructure for different kinds of distributed scenarios, such as those for the distributed digital identity framework or distributed data exchange protocol. Based on specific scenario requirements, Ontology will continue to develop new common modules. Ontology uses a dual token (ONT and ONG) model. At first, ONT is a NEP-5 token and does not release ONG. After the launch of Ontology’s MainNet, users will be able to exchange NEP-5 ONT for ONT on the Ontology MainNet, which will start to release ONG periodically.
For the time being, the DEX industry is still in its infancy. Facilitating swaps of tokens on the same blockchain is possible, but the time has come to explore the next frontier in the form of cross-chain trading.
Coinbase Custody, a subsidiary of the Coinbase cryptocurrency exchange has announced a set of coins and digital assets it is set to provide custody support for provided regulatory approved in defined jurisdictions permit.
ONTOSWAP will be launched in three steps. Version 1.0 will be launched at the very beginning of next month together with liquidity mining after the start of token sales. Versions 2.0 and 3.0 will go live later.
The ultimate goal of the fund is to bridge CeFi and DeFi in the Binance ecosystem. The exchange aims to show how to ensure integration between DeFi and CeFi to offer the best of both worlds.
