Ontology is ready for MainNet launch

Ontology's MainNet is going live on June 30 with a simultaneous swap NEP-5 ONT token to ONT
14 June 2018   1919

High-performance public blockchain project Ontology is going to launch the MainNet on June 30. The launch will mark the transition of the project from NEO blockchain onto one of its own. Thus, current NEP-5 ONT token will be swapped for ONT. The swap period will be active for 3 months till October 1.

As of now, exchanges like Binance, Huobi, OKEx, Upbit, KuCoin and Gate.io are supporting the migration. The swap procedure assumes an automatic mapping as well as a manual method.

Ontology is a distributed trust collaboration platform that provides public blockchains that include a series of complete distributed ledgers and smart contract systems. At the moment of publication, Ontology market indicators are as follows:

Average price 6.07 USD
Market cap 918,574,979 USD
Volume (24H) 100,104,000 USD

Bakkt to Release Consumer App This Year

The app can be used for a wide range of tasks, e.g., crypto and securities trading, virtual goods purchase, etc
23 January 2020   94

Institutional Investor Platform Bakkt will release an app for retail investors this year, with which users can pay with cryptocurrency.

According to the president of Bakkt Adam White at the World Economic Forum in Davos, the application can be used for a wide range of tasks. In addition to trading cryptocurrencies, it will support various virtual “goods” like points of loyalty programs.

In addition, in the future it is possible to add securities trading, as well as the creation of a portal for shops and merchants. That is, the application will be more like a traditional fintech product like PayPal than a solution from a cryptocurrency exchange.

Although the Bakkt platform was originally created for institutional investors, the new director of Mike Blandina is very serious about entering the retail market. Earlier, he said that the application for retail investors should be released in the first half of 2020.

I do not think we are there yet. What gives me optimism is that we are seeing a lot of developer interest. I am confident that someone is going to find something.

 

Adam White

President of Bakkt

 White added that the cryptocurrency market is still underdeveloped.