Became known the price of Ontology after the start of trading on Binance

Became known the price of Ontology after the start of trading on Binance

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Binance Exchange launched cryptocurrency trading Ontology in pairs to Bitcoin, Ethereum and Binance Coin. At the time of publication, the price of 1 ONT is about 15,600 Satoshi or $ 1.52.

Ontology began to bargain around the level of 22,000 Satoshi, soon jumping up to the mark of 100,000 Satoshi, after which he sank to the current levels.

As it usually happens, the identification of the price of a cryptocurrency during the launch of trading on the exchange occurs in several stages. Often, the original owners, not interested in the asset, tend to get rid of it in the shortest time, putting a negative pressure on the market. Now that the first wave of sales has passed, we can expect the establishment of a local minimum and a maximum and a more organic course movement in the future.

ONT tokens were distributed between October 2017 and January 2018. They were awarded for participation in various events, and newsletter subscribers who confirmed their identity were able to receive 1,000 ONTs.

Also participation in the distribution of Ontology could be taken by holders of NEO. To distribute the tokens among the holders of the cryptocurrency, the NEO Council decided to receive 20 million ONT. At 1 NEO, 0.2 ONT can be obtained. Half of this amount is credited immediately, and the second half will be paid along with the launch of the main network Ontology in the second quarter of 2018.

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