Ontology will bring fiat trading capabilities to quality blockchain projects after it became a part of BiBoxEurope which launched a new program to provide services across the world. In today’s latest news on altcoin, we learn more about the Swiss-based digital asset platform that selected the first project in the form of Ontology.
According to the BiBoxEurope announcement, the listing of the Ontology token – ONT goes live today and the users on the platform can start trading it against EUR and CHF on October 31. The platform also noted that the initiative to offer fiat trading capabilities to quality blockchain projects was designed just to help them overcome the challenges of finding the right exchange that can support crypto-fiat trading since most of the available options are crypto to crypto platforms.
By doing this, BiBoxEurope is making the tokens accessible to everyone, especially in the European market. Ontology will bring the new capabilities as it is one of the few applications that BiBoxEurope had received soon after the fiat trading for crypto project announcements. The project emerged following a review of all the applications by the team to become the first project to be listed on the platform.
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The Ontology token is one of the tokens that belong to the Ontology Network which implements a dual token model. The token allows the users to stake in the consensus mechanism and to take part in the governance functions. The network has a high performance distributed public blockchain that supports multi-chain and multi-system integration. The platform is said to support multi-layer, sharding and multi-VM public blockchain services that can be altered for added privacy and efficiency.
One of the most important things about Ontology is the fact that it is one of the top decentralized identity and privacy protection systems that has its own decentralized identity framework. BiBoxEurope dedicated an event page to start the fiat listing program for blockchain projects and also 18,000 ONT giveaway. Ontology will partner with BiBox which is an Estonia-based crypto exchange and will also launch a debit card that will work on Mastercard and Visa networks across the world. The debit card will play a very important role in promoting the use of digital assets among users by making it easier to conduct transactions.
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