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Breaking – CoinMex to Launch Its Own Token for Exchange and Become First Crypto Exchange to Support ONG Introducing CT

CoinMex, a digital asset trading platform launched this summer, just announced its plan for its own blockchain curated for the platform on Aug 3, 2018 (UCT+8), and with the new CT/USDT trading pairs in place, CoinMex offers users 18 BTC rewards.

CoinMex, a digital asset trading platform launched this summer, just announced its plan for its own blockchain curated for the platform on Aug 3, 2018 (UCT+8), and with the new CT/USDT trading pairs in place, CoinMex offers users 18 BTC rewards.

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CoinMex has a group of highly experienced experts from domestic and international Internet companies, such as Microsoft, IBM, Alibaba, Tencent and Baidu, etc.. It raised nearly RMB 100 Million from angel round financing, in which Distributed Capital (subsidiary of GF Network) and Huobi Ecology Fund (subsidiary of Huobi) were the leading investors, BKFUND Xingyao Capital and Aqua Fund were the following investors.

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ONG Listing

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CoinMex has begun ONG transactions on its platform at 16:00, Aug 1 (UTC+8), and has seen a dramatic price increase in just over an hour. The launching price was 0.01USDT at 16:00 (UTC+8), and skyrocketed to 1.5USDT at 17:00 (UTC+8).

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

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“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.” – Crypto Briefing

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.

CoinMex will regularly airdrop ONG to the ONT holders on a weekly basis at 20:00 (UTC+8) every Friday after July 31.

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