Ontology [ONT]  token swap gets support from CoinEgg 13730
News
Sharat Chandra
Jun 13, 2018 at 2:23 AM

Ontology(ONT) officially announced that they will launch the MainNet on June 30 and will start the token swap in July. After the release, all NEP-5 ONT must complete registration to transition to the Ontology MainNet.

CoinEgg announced its support to Ontology ONT token swap would start the task on July. All the NEP-5 based ONT tokens will be exchanged to new tokens working on mainnet after the token swap.

Ontology’s MainNet will go live at the end of June 2018. After the release, all NEP-5 ONT must complete mapping to migrate to the Ontology MainNet. Ontology has provided an adequate amount of time for everyone to finish their token swap. The Medium post put out by Ontology states, "There will be two ONT mapping methods:

  1. Automatic mapping: If you would like to undergo exchange mapping, please wait for official notices from supporting exchanges on how to undergo mapping.
  2. Manual method: Using a NEO wallet and ONTO (Ontology’s comprehensive decentralized client that includes a wallet, which will be released in July) to complete the mapping swap. Your NEO wallet and ONTO wallet will use the same address, private key, and WIF."

BesidesCoinEgg, Huobi, BinanceOKEx, and KuCoin have officially announced their support for the ONT MainNet token swap.  Binance has announced that they will be distributing ONG to ONT holders monthly.  Coinliker forecasts that the price of one Ontology (ONT) will roughly be $980.19 by 2023. Such a favorable forecast is bound to increase Ontology ONT volume in the markets.

Image via CoinEgg Twitter Page

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