During yesterday’s bounce off of the majority of cryptocurrencies, some cryptos went spiking up against the fiat. Ontology Coin (ONT) embraced the trend by going up by over 17% on August 17th, while we can still see it rising against the dollar, although only a part of a percent away from trading in the red with a minor rise of 0.05%.
However, the recent news about Ontology Coin ONT launching its main net in a live event in Seoul has brought a flattering portion of attention to ONT, while gaining momentum as one of the biggest gainers in the market in the last seven days.
While the majority of currencies were touching lows and going down with severe drops during the last week, ONT is showing an amazing rise of 20% during the mentioned period.
With the main net upcoming on August 18th, as announced by ONT in a live correspondence from Seoul, there are more reasons to keep an eye on Ontology Coin.
Ontology Coin Main Net Upcoming
In a rising trend of multiple main net launches, Ontology has also announced a live event revolving around the official release of their own main net, while the release will take place in Seoul on August 18th followed by a live presentation.
Although ONT is currently not showing any serious progress in the market price, it is considered that the currency will show a significant improvement with the main net going live for the first time as it is usually the case based on previous cases of main net launches.
By the time of this writing, the main net should have been already launched, while the team has chosen a perfect timing to share one of their greatest accomplishments during the weekend, that way making Ontology Coin one of the rare blockchain companies involved in the big news during usually quiet weekends when it comes to news feeding.
The main net launching itself is one of the main reasons why Ontology Coin should be kept under a close eye, having acquired its independence as a blockchain project and with ONT becoming the native token of the main net.
Ontology ONT in South Korea
South Korea represents one of the largest centers of technological development, carrying the fifth-spot in this domain on the global scale, making it a fruitful soil for new technologies and further developments of traditional technological solutions.
South Korea also makes up for the biggest centers of cryptocurrency and blockchain investors, which means that the decision on holding the live main net launching in Seoul, South Korea, can be categorized as a great strategic moves for presenting the newly launched main net to potential investors, as this country holds a great number of global crypto investors.
Adoption as well as the interest of “big time” investors always count as adding more value to the given crypto, in this case, ONT, so it is expected that the main net will draw more attention to Ontology Coin, making it a more desirable investment.
Ontology Partnered Spuul Movie Platform
Ontology Coin has recently acquired a promising partnership with Spuul, the movie platform with over 60 million users and over 10.000 hours of Bollywood movies for streaming. The main objective behind their agreement is to provide the support with Ontology Coin infrastructure for the newly announced application, Spokkz.
Although this partnership does not place a focus on ONT as a cryptocurrency, partnerships, especially those carrying the multi-million audience, adds some value to the blockchain project.
With this partnership, Ontology Coin has found an applicable use case of its technology within the content industry, while the announced application Spokkz is said to accept Ontology Coin identity framework.
The implementation of Ontology Coin infrastructure should assure that Spokkz token and Spokkz application can respond to the given purpose of providing users with an easy way to connect with media producers, that way decentralizing the content industry.
Ontology Coin (ONT) in the Market
Ontology Coin (ONT) went up by 17% on August 17th prior to the main net launching while we can see it today merely touching 0.05% against the fiat, only a small percentage away from trading in the red zone.
However, due to the main net being launched during this weekend in Seoul on August 18th, ONT will be potentially exposed to additional rises, while also representing one of the top gainers of the week thanks to the most recent change in its price, going up by 20% in a single week.