Binance confirmed that they will support the ONT Mainnet Token Swap. They will handle all technical requirements involved for all users holding ONT. The swap is scheduled to occur on 2018/06/30. Binance will also distribute the corresponding ONG on a monthly basis to all ONT holders. Binance will also open trading for ONT/USDT trading pair at 2018/06/08 7:00 AM (UTC).
Ontology is a new generation public blockchain project and a distributed trust collaboration platform. Ontology provides new high-performance 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. Ontology supports collaboration amongst chain networks with its various protocol groups. Ontology will constantly provide common modules on the underlying infrastructure for different kinds of distributed senarios, such as those for the distributed digital identity framework, distributed data exchange protocol, and so on. Based on specific senario requirements, Ontology will continue to develop new common modules. Ontology uses a dual token (ONT and ONG) model. At first, ONT is an NEP-5 token and does not release ONG. After the launch of Ontology's MainNet, users will be able to exchange NEP-5 ONT for ONT on the Ontology MainNet, which will start to release ONG periodically. The circulating supply of 53.75% refers to all ONT without lock periods (ONT that can be transferred, but not necessary ONT that can be traded at the moment). For example, the community portion is unlocked ready for distribution in upcoming events. Ontology has already begun many technical partnerships, and several enterprises plan to build applications on Ontology. We are also planning future community airdrops. In the future Ontology will publish periodical reports which will further introduce this, as well as ONT circulation, distribution, and lock periods.
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