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OTON Tokens are already in deficit: listing leads to User Influx

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Yesterday, on May 17, the OTON token was listed on the cryptocurrency exchange С3.Exchange. The first hours of trading led to many-fold growth in users and trading volumes – the exchange experienced the overload it was not ready for.

According to С3.Exchange, the OTON token listing led to a sharp increase in the exchange’s workload – during the first three hours, the number of users and trading volumes has grown tenfold. Large user influx caused the server overload and, as a result, slowed the execution of the trading orders.

The OTON ecosystem founder Anatoliy Ille described the event as follows:

“There was indeed a powerful demand and rush – a community several thousand strong was trying to buy tokens. Not all orders were executed correctly. Today, the trading went back to normal and the situation stabilized”

The maximum price for OTON was registered at the level of $0.61 which is 35 times higher than the presale price of $0.015-$0.02 (depending on the presale stage). At the moment of publication, the price was nearing $0.17.

OTON is the native token of the blockchain-based OTON ecosystem that is a business network for monetizing the audience of the online services. The ecosystem includes the accounting system OTON.org, trading, and educational platforms, and it continues to expand.

Within the ecosystem, all mutual settlements are executed with the OTON token via smart contracts. Currently, the token is issued on the Binance Smart Chain blockchain. The migration to the OTON blockchain is scheduled for the first quarter of 2022.

OTON has a deficit nature – its emission is limited to 2 billion coins.

С3.Exchange is a cryptocurrency exchange that operates in the CIS countries, Asia, Europe, and the Middle East. The platform provides convenient ways for fiat deposits via plastic cars and the payment system Advanced Cash.

In the nearest time, OTON tokens will also be listed on the decentralized exchange pancakeswap.finance.

OTON is the native token of the blockchain-based OTON ecosystem, which is a business network aimed at monetizing the audience of online services. The ecosystem includes the OTON.org accounting system, trading, and educational platforms and continues to expand.
All mutual settlements within the ecosystem are performed using the OTON token through smart contracts. Currently, the token is issued on the Binance Smart Chain blockchain, and a transition to its own blockchain is planned for the first quarter of 2022.

The OTON token is in short supply, its emission is limited to 2 billion coins.

С3.Exchange is a cryptocurrency exchange that operates in the CIS countries, Asia, Europe, and the Middle East. The platform provides convenient ways to replenish fiat deposits using plastic cards and the Advanced Cash payment system.

In the near future, the OTON token will be listed on the pancakeswap.finance decentralized exchange.

Disclaimer: This is a paid post and should not be treated as news/advice. 

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With Masters in Mass communication and journalism, Anjali's interests lie in blockchain technology adoption across emerging economies.

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