Binance Will Support Ontology Upgrade …

Binance Will Support Ontology Upgrade …

Binance Supports Ontology Upgrade Stops Deposit of NEP5 ONT Tokens

Contents

Binance Will Support Ontology Upgrade and End Support for NEP5 ONT
CONTENT

  • Binance Supports Ontology Staking

  • NEP5 token support will be discontinued

  • The exchange will stop accepting deposits and withdrawals from June 6

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Binance to stop accepting NEP5-based ONT deposits after Ontology 2.0 update.

Binance, one of the world’s largest cryptocurrency trading platforms, has announced its readiness to support an upcoming update on the Ontology network. The new version of Ontology 2.0 is a consolidation of the mainnet updates proposed and implemented by the community.

Binance also confirmed that users will no longer be able to make deposits in tokens based on NEP5 (Neo Enhancement Protocol 5). In particular, after the update, funds deposited by users in NEP5 ONT tokens will not be reflected in their Binance accounts..

ONT deposit and withdrawal will end on July 6 at 9.00 UTC (12.00 Moscow time). When the Ontology network stabilizes after the upgrade, the exchange will notify users that deposits and withdrawals are available again.

Join our telegram channel to find out if it’s worth investing in ONT now

Everything is the same

An update on the Ontology network will not create a new token and will not affect the ONT staking reward.

Ontology uses a dual token model (ONT and ONG). ONT is a coin that can be used for staking, and ONG is a utility token As the use of cryptocurrencies grows, new types of tokens appear. They can represent value or something intangible like voices. Two … More, which is used to pay for on-chain services. ONG token appeared on Ontology mainnet shortly after its launch two years ago.

The team reported that from June 9-12, 2020, the community had the opportunity to express their views on the way to develop the management system for the staking economic model. In particular, this applies to the results of the Triones nodes.

However, according to the survey, the distribution model has not changed, as well as the three-year bonus for the 49 largest nodes..

Binance recently released ONT-33D token pegged to ONT coins at a 1: 1 ratio. Token is on the exchange blockchain.

Disclaimer

All information contained on our website is published in good faith and objectivity, and for informational purposes only. The reader is solely responsible for any actions he takes based on the information received on our website..

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Binance Cryptocurrency Exchange To Stop Accepting NEP5-Based ONT Deposits Following Ontology 2.0 Update.

Binance, one of the world’s largest cryptocurrency trading platforms, has announced its readiness to support an upcoming update on the Ontology network. The new version of Ontology 2.0 is a consolidation of the mainnet updates proposed and implemented by the community.

Binance also confirmed that users will no longer be able to make deposits in tokens based on NEP5 (Neo Enhancement Protocol 5). In particular, after the update, funds deposited by users in NEP5 ONT tokens will not be reflected in their Binance accounts..

ONT deposit and withdrawal will end on July 6 at 9.00 UTC (12.00 Moscow time). When the Ontology network stabilizes after the upgrade, the exchange will notify users that deposits and withdrawals are available again.

Join our telegram channel to find out if it’s worth investing in ONT now

Everything is the same

An update on the Ontology network will not create a new token and will not affect the ONT staking reward.

Binance Will Support Ontology Upgrade ...

Ontology uses a dual token model (ONT and ONG). ONT is a coin that can be used for staking, and ONG is a utility token As the use of cryptocurrencies grows, new types of tokens are emerging. They can represent value or something intangible like voices. Two … More, which is used to pay for on-chain services. ONG token appeared on Ontology mainnet shortly after its launch two years ago.

The team reported that from June 9-12, 2020, the community had the opportunity to express their views on the way to develop the management system for the staking economic model. In particular, this applies to the results of the Triones nodes.

However, according to the survey, the distribution model has not changed, as well as the three-year bonus for the 49 largest nodes..

Binance recently released the ONT-33D token pegged to ONT coins at a 1: 1 ratio. The token is on the exchange’s blockchain.

Disclaimer

All information contained on our website is published in good faith and objectivity, and for informational purposes only. The reader is solely responsible for any actions he takes based on the information received on our website..

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  • Binance
  • Ontology
Binance Will Support Ontology Upgrade ...
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