The version of Binance exchange that operates in the United States, Binance.US has just announced that Ontology (ONT) gets listed on its trading platform. This was announced 13th of February by the exchange on its official website. According to the report, Binance.US will open trading for ONT/USD and ONT/USDT trading pairs on 13th February 2020 at 9:00 pm (EST)/6:00 pm (PST).
Binance.US plead its users, to begin with, USD, USDT or ONT token deposits in preparation for the trading as per the Ontology news today. The exchange also noted to their users that Ontology (ONT) tokens are available for deposits only for some time, stating that users will not be able to withdraw funds until trading goes live. The exchange shared this, “Binance.US Will List Ontology (ONT) Deposits are now open! Trading will go live at 9 PM ET today!”
Binance.US also said that users need to pass fiat verification to trade with USD. Binance.US instructed its users to set up any of the three USD payment methods that are available if they want to deposit USD before the trading actually begins. The exchange then gave the warning to its users to have in mind the risks that are present in trading and holding cryptocurrencies, because of the high volatility and unpredictability of the price of digital currencies in the market, which may have the consequence of a notable fund losing. Users are hereby counseled to trade responsibly.
Ontology ONT is listed now on Binance and many expect the price of the altcoin to increase. In the other related ontology news today, let’s remind ourselves that Ontology will bring fiat trading capabilities to quality blockchain projects after it became a part of BiBoxEurope which launched a new program to provide services across the world.
The Ontology token is one of the tokens that belong to the Ontology Network which implements a dual token model. The token allows the users to stake in the consensus mechanism and to take part in the governance functions. The network has a high performance distributed public blockchain that supports multi-chain and multi-system integration. The platform is said to support multi-layer, sharding and multi-VM public blockchain services that can be altered for added privacy and efficiency.
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