Post by NEONewsToday | 13th Jun 2018 3:15pm |

Ontology publish FAQ regarding ONT MainNet swap

Ontology has released a frequently asked questions (FAQ) page with details on the migration of ONT tokens from the NEO blockchain to Ontology’s MainNet. There will be two methods ONT token holders can utilize to map and migrate to MainNet: an exchange-based swap, or a manual swap.


For the exchange-based approach, ONT token holders will simply be able to leave their tokens on a participating exchange, and wait for the swap to take place after the MainNet launch on June 30, 2018. Exchange-based users are encouraged to follow instructions of participating platforms which, at the time of this writing, include:



  • Binance

  • Huobi

  • OKEx

  • Upbit

  • KuCoin

  • Gate.io, and

  • CoinEgg


For the manual approach, token holders will use their wallet import format (WIF) or private keys to map the Ontology address, which will be announced after the MainNet launch. It is estimated the MainNet ONT token swap could take up to 24 hours.


NOTE: All users should double confirm all information regarding the use of WIF and private keys on official Ontology channels once the migration process begins.


To check the ONT migration progress, a swap status page will be operational when Ontology MainNet launches. The private wallet address will be used to check the status, which will be found at the following link:


https://swap.ont.io/ (not yet live)


Additionally, the Ontology blockchain explorer will be able to provide a status update with a mapped ONT address. To visit the Ontology blockchain explorer, follow the link below:


https://explorer.ont.io/


Once on the MainNet, ONT will not be divisible and, like NEO, the smallest unit will be 1. Individuals are encouraged to round out their ONT prior to mapping and migrating to Ontology MainNet.


The deadline for the manual token swap will be 00:00 (UTC +8) on Monday, October 1st, 2018. Any ONT that has not migrated to MainNet by then, will remain on the NEO blockchain and can no longer be transferred to Ontology’s blockchain.


To see all the FAQ’s visit the following link:


https://medium.com/ontologynetwork/mainnet-ont-token-swap-faq-10d7359635ee


Ontology partners with CarBlock


Ontology has recently announced a partnership with CarBlock. CarBlock is a blockchain-based transportation solution that utilizes data generated by smart devices, which aims to serve the connected vehicle industry. The transportation data provider seeks to enhance peer-to-peer (P2P) car rental processes, auto insurance, maintenance and repair needs, and used car dealership and car reports.


CarBlock believes a transportation data platform founded upon blockchain infrastructure and intelligent vehicle network hardware can efficiently circulate vehicle data within the automotive ecosystem.


On the subject of the partnership, Jia Li, Founder of CarBlock, said “we recognize Ontology’s technical accomplishments in public chain development, linking resources of ecosystem application partners, and dedicated support from partnering technical teams. We will be using our position to promote the Ontology ecosystem and help Ontology provide more diversified industry solutions.”


The partnership is part of Ontology’s “real economy” strategy, which aims to connect human, financial, physical, and business entities.


For more information about CarBlock visit their website, Medium, or Twitter.


Ontology to postpone US tour


The Ontology team has postponed their US visit by a month, to August of 2018. The team is still looking for event coordinators and volunteers. Those interested are invited to contact either @dyassab#8943 or @JuliaYu#8100 on the Ontology Discord channel.


For more information about Ontology visit the links below.



The post Ontology publish FAQ regarding ONT MainNet swap appeared first on NEO News Today.

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