CoinMex To Launch Its Own Token For Exchange And Become First Crypto Exchange To Support ONG Introducing CT

The digital asset trading platform, CoinMex, has announced that it will be developing its own blockchain for use on its existing platform on August 3rd 2018. Along with this, it's included new CT/USDT pairs are in place, including what the platform refers to as its ‘CT Online Carnival', where new and existing users can “Guess the Price and Divvy Up 18 BTC”.

CoinMex boasts of having a highly skilled team consisting of business professionals including experts from domestic and international Internet companies such as Microsoft, IBM, Alibaba, Tencent and Baidu among others. In its latest round of fundraising, it's been successful in raising over 100 million RMB from Angel round financing.

Among the investors, additional interested buyers included Distributed Capital (a subsidiary of GF Network) and Huobi Ecology Fund (a subsidiary of Huobi), and BKFUND Xingyao Capital and Aqua Fund, which contributed as following investors.

ONG Listing

CoinMex has begun its ONG listing on its platform as of August 1st at 4pm (UTC + 8), and in just over an hour, the value has increased dramatically due to a great deal in investor interest. From the beginning of ONG's listing, the value rose from 0.01 USDT, and within an hour, it had increased to 1.5USDT at 5pm.

ONT is the name of the Ontology cryptocurrency, and as of April 17th, according to Coin Market Cap, has a market cap of $1 billion, which is dependant on a circulating supply of 2.41 billion at a price of $4.19 per token.

“ONT is the NEO of the Ontology blockchain, while ONG is the GAS. Holders of ONT will receive ONG for participating in network decisions, etc.”

Even though several leading exchanges also announced their intention of supporting the MainNet ONT token swap a few months ago, CoinMex has become the first crypto exchange to achieve supporting ONT MainNet token swap worldwide.

Along with its ongoing sale of ONG, CoinMex will periodically airdrop ONG to the ONT token holders on a weekly basis at 20:00 (UTC + 8) every Friday from July 31st.

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