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   522

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. 

Users Suspected RusGas of Scam

Reddit users have already accused RusGas of exit scam, since its behavior is much like  recent scam project Oyster Protocol
07 December 2018   95

The RusGas cryptocurrency project (RGS) demonstrates disturbing signs and releases new tokens in excess of the pre-set emission limit, Cryptovest reports. With an aggregate capitalization of $ 117, RGS trading volume for the last few days is $ 35,000. Events unfold against the backdrop of promises made by the project organizers about the upcoming restart.

Most of the RGS trade is focused on the Crex24 exchange, which has a daily  of $ 700,000. RusGas had a daily volume of several million dollars in its best days, which already then caused questions about the authenticity of this value.

According to CoinMarketCap, RGS emissions are limited to 10 billion tokens, but Etherscan indicates that currently 298 addresses contain 860 billion RGS. The rapid growth of emissions was recorded in recent days and hours. The largest wallet contains 99% of all tokens, which is probably the crex24 wallet. The developers themselves explain these movements to the next restart.

Reddit users have already accused RusGas of exit scam, since its behavior is much like  recent scam project Oyster Protocol(PRL), when the additional issue feature was used in a smart contract.

The likelihood of such an outcome is a characteristic feature of projects based on the Ethereum protocol, which allows additional emission of tokens through a smart contract at the discretion of its owner, not to mention other vulnerabilities that cost investors a lot of money.

RusGas is based on the idea of ​​using tokens and blockchains to optimize the Russian gas industry. Despite the dubiousness of the project’s mission, the data on the network indicates that in April of this year he managed to raise $ 2.2 million for ICO.