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Ontology [ONT] up by 13.47% – One day before MainNet pre-launch

Ranjitha Shastry

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source: Unsplash

The Ontology community is holding their “MainNet pre-launch” in San-Franciso tomorrow. A few weeks back, Ontology had announced that their MainNet will go live by the end of June 2018 [June 30th]. Its said that after the release, all NEP-5 ONT must complete mapping to migrate to the Ontology MainNet.

Ontology mainnet announcement | Source: Twitter

Ontology mainnet announcement | Source: Twitter

With that said, Ontology, at the time of writing, has also seen a rise of 13.47% in the last 24 hours with the price of $5.21 and a market cap of $787 million. Ontology saw an all-time high on June 7th, 2018, trading at $8.69 and a market cap of $1.3 billion. Post that high-price, it came crashing down to $5.83 on June 13th, 2018.

Ontology price history [1 month] | Source: Twitter

Ontology price history [1 month] | Source: Twitter

With regard to the MainNet, Ontology’s Medium page read:

“Ontology’s MainNet will go live on June 30th, 2018. After the release, all NEP-5 ONT must complete mapping to migrate to the Ontology MainNet. Ontology will soon publish the start time and full plan. The mapping duration will be three months, leaving everyone with plenty of time to complete mapping.”

Ontology token swap update | Source: Twitter

Ontology token swap update | Source: Twitter

Ontology also updated their token swap guidelines, which is subjected to change once the mainnet is launched. They have featured two types of mapping methods:



  • Automatic mapping: Traders who choose this are instructed to wit until the official notices from supporting exchanges are out on how to undergo mapping.
  • Manual method: Manual can be done using NEO wallet and ONTO.

Ontology’s Medium page mentions:

“Make sure you send ONT from your wallet, if you send another asset to the mapping address you will have no way to recover. Since MainNet ONT is indivisible (smallest unit 1 ONT), only whole numbers of NEP-5 ONT can be mapped. If you have smaller units of NEP-5 we recommend you make your ONT a whole number before mapping.”

chino0823, a Twitter user commented:

“one of these days, (on the 30th) bam, zoom pow, straight to the moon we go!!”





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Ranjitha Shastry is a part of AMBCrypto's News Reporting Team. Having done her major in Journalism and mass communication, she is passionate about business and economic journalism.

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Binance Coin surges by 9% in 24-hours after DEX announcement; breaks out of ‘saucer bottom’ pattern

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Binance Coin surges by 9% in 24-hours after DEX announcement; breaks out out of 'saucer bottom' pattern
Source: Unsplash

Binance Coin [BNB] is nothing short of becoming the best performing crypto asset of 2019, as it creates higher highs every day. In a recent surge, BNB went up by approximately 12% in 24-hours breaking out of the ‘saucer bottom’ pattern.

BNB has been on a bull run since December 2018, it has surged by approximately 470% since that point. In the last 24-hours, the price was up by approximately 12% from wick-to-wick.

Source: TradingView

Moreover, the rise in the price over the day can be attributed to the announcement by Binance DEX, that was launched recently. The tweet read:

The new update will convert the BNB, which is an ERC20token, into BEP2, it will be called the “mainnet swap”. Furthermore, users have to convert their ERC20 tokens on Binance, the details of which will be released in the near future.

In addition, Mithril, a cryptocurrency project has announced that it will be the first project to migrate to the Binance Chain. It tweeted:



“$MITH token holders on the new @Binance_DEX will be the first to experience increased speed, security, and user friendliness while maintaining full control over their funds.”

A Twitter user, @carlitosblvd123, commented:

“So , all BNB we have now like erc20 in binance exchange and on trust wallet will be converted to bep2 automatically or we have to do anything to happen?”

@jigneshon, another Twitter user commented:

“Crypto Revolution will happen on 23rd April when Binance Chain Genesis block will be created. 🔥”





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