Ontology To Oversee Atlas’ IEO Of 1.3M ATLS Token Airdrop On Coinsuper Crypto Exchange
1.3M ATLS Token Airdrop
Ontology (ONT) is a distributed trust network for building decentralized applications. The platform recently announced that it will be overseeing ATLAS’s initial exchange offering’s launch on Coinsuper, a crypto trading platform. The launch will be taking place on April 22, 2019, at 20:00 GMT.
The launch was recently reported on Medium by ATLAS’s team. Ontology also made its own mention of the activity and divulged that “10% of ATLS will be open for an ONT subscription.” The platform, in a celebratory and thankful mood, also announced a “1,300,000 ATLS airdrop for all ONT holders” with no minimum or maximum amount.
ATLAS is recognized for its goal of distributing economic benefits from large corporations. This way, instead of a select few large companies benefiting from the travel industry, the proceeds are shared more freely and openly by the industry. Anyone can also use ATLAS and can also open an account. The announcement also stated that the platform will “fairly compensate content creators” by “removing the commission burden and inefficiency that is plaguing the current travel ecosystem.” As a result, travel businesses can retain profits that can be used for the development of additional products and services.
The announcement also noted that ATLAS was founded by Zanadu, a luxury travel platform that is backed by Tencent, Matrix, and Promethus capital. And it currently has over 2M users.
Those who are interested in participating in the airdrop event must submit an ERC-20 address “before the deadline.” This way, users can receive an “ATLS amount in proportion to the amount of ONT” tokens that are currently being held in their wallets. Further, ONT token will not need to cancel their stake for the amount o be included. The submissions have been open since April 17 and will continue to be so until April 23, so users certainly have an opportunity.