Ontology to Build Ecosystem with International Partners

Ontology is going to build its ecosystem in partnership with such companies as Tembusu Partners, Accomplice, Hashed, and Onchain
13 April 2018   594

Ontology is a high-performance public blockchain project and a distributed trust collaboration platform, which provides public blockchains that include a series of complete distributed ledgers and smart contract systems. Ontology blockchain framework supports public blockchain systems and is able to customize different public blockchains for different applications. 

On April 11 Ontology has announced that it is going to build its ecosystem in partnership with such companies as Tembusu Partners, Accomplice, Hashed, and Onchain. Tembusu Partners is a Singapore-based private equity firm which invests in technology start-up companies, while Accomplice is a venture capital firm headquartered in Cambridge, Massachusetts that invests in technology startup companies, with specialties in cybersecurity, eSports, data analytics, S&B class software, emerging hardware platforms, and marketplaces.

Ontology partnershipsOntology partnerships

Hashed Industries provides product management, product development, regulatory guidance, and technology support services for blockchain solutions and blockchain networks in the healthcare market. Onchain develops blockchain distributed ledger systems, and provides comprehensive enterprise level platform, open platform, continuous services, limitless application potentials, and compound services for businesses.

Tembusu Partners is delighted to cooperate with Ontology to develop the blockchain market in the South East Asian region. This blockchain technology will disrupt many industries and create significant growth just as the internet did twenty years ago.

Andy Lim

Chairman, Tembusu Partners

As it was stated in the Ontology announcement, Onchain is the initiator and core technical supporter of the Ontology project. Tembusu Partners and Ontology will develop Southeast Asian market partners to provide government service support for the local markets, and Ontology and Accomplice will work together to expand influence of Ontology in the United States and Israel. Hashed will help Ontology to develop in South Korea and Northeast Asia, creating a local technical community. 

OKEx to Launch OKChain Based Decetralized Exchange

Great role in the upcoming exchange will be played by OKB coin, which will be trasfered to OKChain as soon as its development finished
22 March 2019   110

OKEx cryptocurrency exchange will launch a decentralized trading platform on its own blockchain.

Currently, the OKChain blockchain is in the final stages of development, and its test network may be launched as early as June 2019. When the OKEx blockchain becomes stable enough, it will transfer OKB to it, which will then perform the function of the native OKChain token and be used to pay commissions, as well as in its own decentralized network applications.

The primary purpose of OKChain is to launch the OKDEx decentralized exchange, where the OKB token will be used to participate in presales. In addition, project teams will use OKB tokens to pay the service fee to the super nodes of the network.

While the total volume of OKB emissions is 1 billion, 300 million tokens are in circulation today, and 700 million remain blocked. Of this number, 300 million OKB will be distributed to users through the loyalty program, and 400 million belong to the OK Blockchain Foundation and the exchange team. However, for a more efficient formation of the OKB ecosystem, the blocking period of these 700 million tokens will be extended from 2020 to 2022, writes OKEx.

In addition, OKB will be the only token to be accepted during the initial exchange offerings (IEO) on the OK Jumpstart platform, announced earlier this month. According to the company, it is currently negotiating with various projects and will soon announce the launch of the first IEO on OK Jumpstart, for which investors will be admitted who have passed personal verification and have OKB tokens in their accounts.