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Ontology Gas price, market cap on Coin360 heatmap

Ontology Gas(ONG)

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$0.447192
(6.15%)
0.00001836 BTC
Market Cap (Rank#207)
$141,221,152
5,797 BTC
Vol 24h
$992,582
40.7445 BTC
Circulating Supply
315,795,359.91
Max Supply
1,000,000,000
5h agocryptopotato
LongHash Ventures Launches a $100 Million Web 3 Investment Fund
The funds will support building DeFi, NFTs, and GameFi across numerous blockchains.
8h agocryptodaily
German Crypto Bank Nuri Files for Insolvency
Nuri, a cryptocurrency-focused digital banking platform announced it has filed for insolvency in Germany on Tuesday, citing the prolonged crypto winter. The company has assured that customers' access to the platform’s services and their funds have not been affected. The 2022 bear market has claimed yet another victim. On August 9, the German crypto exchange Nuri filed for insolvency before a Berlin court citing the prolonged bearish cycle the crypto market has undergone since the beginning of the year, saying the move was “necessary to ensure the safest path forward for all our customers.” Although insolvency often leads to bankruptcy, according to Reuters, unlike other crypto firms to have declared insolvency this year, Nuri has not halted customer withdrawals to their euro accounts and crypto wallets. Users are still able to move their funds. The company was forced to make this decision following unsuccessful attempts to secure a new funding round. The company said in a statement, All funds in your Nuri accounts are safe due to our partnership with Solarisbank AG. The temporary insolvency proceedings do not affect your deposits, cryptocurrency funds, and Nuri Pot investments which have been done with us. Nuri, formerly known as Bitwala, has been operating since 2015, offering users the convenience of a regular bank account combined with Bitcoin and Ethereum wallets. The platform also offers saving plans via recurring Bitcoin purchases, as well as its recently launched Nuri Pots, a collection of different exchange-traded funds and other investment products. Explaining the reasoning behind the decision to file for insolvency, Nuri said it has been facing a “lasting strain” on its business liquidity in 2022 due to “significant macroeconomic headwinds” including the COVID pandemic and Russia’s invasion of Ukraine along with “the cooling down of public and private capital markets.” The company said, Additionally, various negative developments in the crypto markets earlier this year, including major cryptocurrency sell-offs, the implosion of the Luna/Terra protocol, the insolvency of Celsius and other major Crypto funds have led to a crypto bear market. The insolvency filing comes just two months after CEO Kristina Walcker-Mayer, announced the company was letting go of 20% of its employees “to shift our strategic plans towards earlier profitability to adapt to the new reality in the financial markets.” “All Funds Are Safe” On the FAQ page regarding the insolvency, Nuri said it will work out the next steps in the process with the help of an insolvency administrator, but stressed that “all funds are safe.” The company said that assets in crypto wallets and vaults remain available and may be withdrawn and traded at any time, indicating that it “does not have access to the coins and/or the private keys in users’ vaults.” Nuri also made it clear that custodial wallets are operated by Solaris Digital Assets GmbH (SDA), meaning that it does not handle customers’ crypto funds and fiat. The platform’s mobile application remains available allowing users access to their bank accounts via the app. Nuri users are however still unavailable to withdraw funds from their Bitcoin interest accounts as they were launched in partnership with the now-defunct cryptocurrency lending platform Celsius. The platform says, The Celsius withdrawal freeze remains unchanged, and the withdrawal function remains inactive. Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
9h agocryptodaily
LongHash Ventures Launches Its $100 Million Web3 Venture Fund II with Successful First Close
Singapore, Singapore, 10th August, 2022, ChainwireLongHash Ventures, Asia’s first Web3 Accelerator and one of Asia’s leading Web3 venture funds, officially announces the launch of its $100 million LongHash Ventures Fund II. LongHash Ventures has received strong support from global investors and industry veterans for its successful first close. It has raised capital from well-known Web3 VCs, single family offices, and Web3 founders such as Hashkey Capital, NGC Ventures, Protocol Labs, Gnosis Safe, MEXC, Synthetix founders Kain and Jordan Warwick, Qiming VC founding partner Duane Kuang, and Astar founder Sota Watanabe, amongst others. The fund will continue to take in capital until the end of the year. Meanwhile, its accelerator arm LongHashX has recently obtained funding at an undisclosed valuation from Superscrypt, a Web3 investment firm founded by Temasek, as well as few large fund LPs including NGC. LongHash Ventures has earmarked its second fund for multi-chain Web3 infrastructure projects that support key verticals such as DeFi, NFT, GameFi, and the Metaverse. It will be investing in projects and teams from pre-seed to Series A. Thus far, LongHash Ventures has backed more than 60 projects, including Polkadot, Astar, Dodo, Coinshift, Acala, Zapper, Gnosis Safe and Balancer. LongHash Ventures Fund II will also be investing in the pipeline of projects graduating from its accelerator arm LongHashX. Since its inception in 2018, the LongHashX Accelerator has emerged as Asia’s leading Web3 accelerator. It is the go-to partner for protocols like Polkadot, Filecoin, Algorand, and others looking to accelerate the growth of their respective ecosystems. Accelerator alumni include well known projects such as Astar, Xanpool, and Lit Protocol. “By running both an accelerator and an early stage fund that provides hands-on support, our unique value lies in leveraging LongHashX to bootstrap the Asia ecosystem for the protocols that we invested in, as well as in identifying founders and projects with massive potential very early on, and using our crypto-native knowledge and resources to help the teams achieve their potential and succeed. The second fund will enable us to support more founders and through subsequent rounds,” said Emma Cui, Founding Partner and CEO of LongHash Ventures. “In addition, being geographically headquartered in Singapore with team members distributed across Asia, including China, Malaysia, and India, we are uniquely positioned to help projects scale faster across the Asian region.” About LongHash Ventures LongHash Ventures is a leading Web3 investment fund and accelerator collaborating closely with founders to build their Web3 model and tap into the vast potential of Asia. We have invested in more than 60 projects including Polkadot, Instadapp, Zapper, Astar, and Balancer. We collaborated with their founders to develop their projects’ tokenomics, governance, and communities. As Asia's first and leading Web 3 accelerator, LongHashX Accelerator has partnered with Polkadot, Algorand, Filecoin and others to build more than 50 global Web3 projects which have raised more than $150m in the past 4 years. We are committed to realizing our mission of catalyzing growth for the next generation of the Web. LongHash Ventures is licensed by the Monetary Authority of Singapore. ContactsSay [email protected]
10h agocointelegraph
Binance optimistic on Philippines entry despite SEC pushback
Binance’s head of Asia-Pacific Leon Foong said that they are not distracted by the efforts of so-called lobbying bodies to ban Binance.
10h agocryptodaily
Anonymous Tornado Cash User Dusts Celebs
An anonymous user has been sending small amounts of Ethereum via Tornado Cash to hundreds of public wallets in the U.S., including popular celebrities. Flouting Tornado Ban An act of rebellion or just random trolling - the antics of the anonymous user have wrongfully implicated celebrities like Jimmy Fallon, Logan Paul, and Steve Aoki in a regulatory mess. These are just a few of the many celebrities who were sent ETH via the now-banned Tornado Cash by this anonymous troll. The user seems to be blatantly flaunting the transactions in the face of the government’s decision to ban the crypto mixer. Some other wallets that have received ETH from this user via Tornado are that of Coinbase CEO Brian Armstrong, clothing brand Puma, Ukraine crypto donation fund, artist Beeple, and comedian Dave Chappelle. Treasury Sanctions Tornado Cash On Monday, the U.S. Treasury Department’s Office of Foreign Asset Control (OFAC) imposed a ban on Tornado Cash for its role in money laundering. The mixer protocol allows users to pool funds and obfuscate the origin of any transaction, making it the ideal tool for illicit activities. The Tornado Cash mixer has been implicated in several major hacks, allowing the perpetrators to muddle the wallet trail. It has been the mixer of choice for the infamous North Korean hacker group, Lazarus, which has siphoned away billions of dollars worth of crypto over 2021. The ban imposed by the Treasury department decrees that all U.S. persons and entities are prohibited from interacting or conducting any transactions with Tornado Cash. Imposed Sanction Is Pointless The word around the block is that this ploy intends to point out the absurdity of imposing a sanction on a mixer tool, as users cannot decline incoming funds from such tools. By sanctioning Tornado Cash, U.S. citizens are now legally required to block incoming transactions from their wallets. However, it is impossible to block an incoming transfer on-chain. Therefore, they would have to block addresses that have already sent them these funds through the mixer tool, a process only viable for exchanges or similar businesses. As the matter stands right now, because of these transactions, all these celebrities and popular brands have now interacted with Tornado Cash, thus flouting the Treasury’s sanction. It remains to be seen if the government will take action against these public figures due to something outside their control. Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
11h agocryptodaily
Vitalik Buterin Defends Tornado Cash Use Cases Amid U.S. Sanctions
Days after the U.S. government announced sanctions against crypto mixing platform Tornado Cash, Ethereum co-founder and alpha developer Vitalik Buterin opined on the matter, defending the platform's use case for legitimate contexts. According to Buterin, Tornado Cash is an example of a platform that can be used for legitimate use cases, such as donating to causes that are politically contentious. Buterin, for one, admitted that he has used the platform to donate to Ukraine, which has been needing aid from the international community due to its present geopolitical conflict with Russia. I'll out myself as someone who has used TC to donate to this exact cause. — vitalik.eth (@VitalikButerin) August 9, 2022 Donations in solidarity with Ukraine's predicament have poured in from around the world, and the concern with regards to the privacy measures in place for doing so have abound since then. Crypto mixing platform Tornado Cash has been identified as one of the key services used for this purpose. In recent weeks, the U.S. Department of Justice (DoJ) has been scrutinizing crypto mixer services such as Tornado Cash for possible links to criminal activity, leading to the U.S. Treasury instituting a ban for alleged laundering of "proceeds of cybercrimes," among other reasons. The U.S. Treasury's Office of Foreign Assets Control (OFAC) has placed Tornado Cash on its sanctions list, meaning that any crypto addresses associated with the platform are now blocked from receiving crypto from U.S.-based wallet services or exchanges. The OFAC has also warned that Americans who transact with sanctioned entities could face civil or criminal penalties. Despite this, Buterin argued that crypto mixers like Tornado Cash can still be used for legitimate purpose. This move by the U.S. government is seen by the crypto community as yet another attack on crypto privacy and consumer privacy rights in general, with some even going so far as to call it a declaration of war against crypto users who value their privacy rights. "Wanting to donate to Ukraine is a great example of a valid need for financial privacy. On this note, curious if there are documented examples of TC having been used for this," shares Jeff Coleman, co-founder of Counterfactual. As a smart contract mixer built on Ethereum, Tornado Cash was built with privacy and security as its first principles, with its code fully open sourced and community-controlled. No single entity can manipulate the platform and decide on its evolution. The Tornado Cash platform relies solely on a decentralized decision process to forward upgrades to its protocol, ensuring that the protocol lives on without interference from bad actors. According to the U.S. Treasury alleges that the platform “has been used to launder more than $7 billion worth of virtual currency since its creation in 2019,” including some $455 million stolen by the infamous Lazarus Group, a group of threat actors involved in recent DeFi heists. Sources from the U.S. state intelligence service also point to the DPRK (Democratic People's Republic of Korea) as the state sponsoring this said group. Tornado Cash has disclosed that its operations have also been affected since the ban, despite the sanctions only going for the U.S. jurisdiction. According to its co-founder, Roman Semenov, his GitHub account has been suspended, with resources for the platform also being suspended. This includes the platform's smart contract addresses linked to Circle (for stablecoins) and for the Infura RPC (for its Web3 gateways). These sanctions have sent shockwaves across the industry, prompting discussion among policy and lobbying groups. Jerry Brito, executive director at Coin Center, says that the sanctions were implemented on a tool that was designed to be neutral in character. Coin Center is a non-profit that works for the benefit of pushing policy issues in the crypto sector. Blockchain Association's Head of Policy, Jake Chervinsky, opined that despite their association's support for the U.S. Treasury's rationale for the sanctions, they reserve some concern over the fact that the ban "crosses a line that the US government has always respected [and] should continue to uphold as a matter of good policy." According to Chervinsky, the decision "to sanction a decentralized protocol, threatens that smart [and] balanced approach to crypto," referring to the Treasury's previous decisions which have largely been supportive of the crypto sector. Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
13h agocryptodaily
Is Play-To-Earn Dead?
With around $300 Billion floating in the market, gaming stands as one of the most significant industries and with GameFi averaging $175M, lots of potential for expansion! The rise and fall of notable titles like Axie and more have resulted in the emergence of dominant ‘play-to-earn’ and ‘play-and-earn’ models. But with the emergence of dilemmas, which of them is better? Which of them is sustainable? Feasible? Or even valid anymore? Most play-to-earn games known so far revolve around the idea of players grinding with repetitive actions to make profits, something that doesn’t portray the essence of fun and entertainment, the core values of a gamer. Play-and-earn, on the other hand, accentuates more engaging and entertaining games as in-game time is monetised. Gamers can also have a real-life impact on character development and more by implementing DAOs. Some examples of P2E or P&E - and how it doesn’t focus on the actual gameplay, value add or anything like that, but rather just hours of grinding for little money with no good game experience. The Pains and Problems Beyond prepositions and conjunctions, the paradigm explains not just the semantics but also the business models and core values behind the famous terms. GameFi at the moment is not designed for gamers - which is the underlying problem, and no systems can host a genuine grade AAA on the blockchain. Being nothing more than a “gig” or a “nuisance” to earn some extra cash is not the narrative GameFi would like to see itself in. Traditional games offer stimulated economies for players driven by stories and characteristics controlled by the publishers. These games do not provide a market to trade or liquidate assets within the said economies, while the Play-to-Earn titles lack the elements that would make them fun, engaging and compelling. The two sides to a coin can identify both sectors with a set of drawbacks and improvement areas. “There is no ownership if you can’t sell it - and it’s not worth owning if it isn’t appealing enough, and that’s a pressing issue. Bridging the gaps between Web2 and Web3 primarily comes from asset ownership, mechanics and usability”, says Adria Mir, Gaming & Blockchain Expert at G4AL and Elemental Raiders. Traditional ‘free-to-play’ or ‘pay-to-play’ models only provide entertainment and experience out of the games or assets purchased and consider the investment a sunk cost. Because of the centralised nature of traditional games, the assets can be changed or taken away anytime by the operator or game publisher. In a worst-case scenario, if the publishers or studios go out of business, players can lose all their assets before getting the entertainment value out of it. The most recent example was Telltale Games’ shutdown which left The Walking Dead’s final season incomplete. Web3 or ‘play-to-earn’ games, on the other hand, do provide the ownership as opposed to traditional games, with no threat of players losing their assets even if publishers go out of business. However, given recent history, it is easy to imagine the extreme inflation and fleeting deflation of play-to-earn or play-and-earn games when the core value of gamers and their communities are taken out of the equation. Where Does the Future Lie? With all that in hand, are play-to-earn, play-and-earn and most other models dead? There is a need for a model that focuses on the best of both worlds. Many Web3 scholars accelerate different terms daily, but one has been prominent and has had a substantial impact. ‘Play-to-Own’ focuses on decentralisation, control and ownership first and foremost, which is one of the essential factors and foundations of blockchain and web3. But is that enough to convince the hardcore fans of Elden Rings, Call of Dutys’ and Web2 gamers alike? You’re right! - Probably not! Said differently, the “ownership revolution” stays at the heart of what GameFi and the so-called ‘AAA blockchain games’ are trying to achieve, but so should the increasing need to host and build a game that serves the mechanics, gameplay and UI/UX of a console-quality title. It raises the question of platforms built on blockchain being capable enough to host a game of that stature, Former First VP of King Studios thinks yes: “We’re building G4AL as a game studio to host the quality of games that first and foremost suits what Web2 gamers are used to, giving ownership to what they play, low entry barriers, and the ability and a monetary exit button which allows them to ‘play-to-own’ or ‘play-and-earn’.” Play-to-Own has the potential to be applied to any game, may they be Web2 or Web3, which in turn can increase the customer lifetime values, engagement ratios and retention rates. Instead of forcing users to buy-in set NFTs or assets to the game, it can potentially open up a plethora of in-game revenue streams. Creating higher value in games that allow ownership and low entry risk can enable players to choose these games over traditional models or P2E models as they get both ownership and security as well as long-term retention. Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
13h agocointelegraph
Curve Finance exploit: Experts dissect what went wrong
Attackers that hijacked Curve Finance's landing page moved quickly to convert stolen funds to various tokens through different exchanges, wallets and mixers.
13h agocointelegraph
TORN price sinks 45% after U.S. Treasury sanctions Tornado Cash — rebound ahead?
TORN is near a historically strong support range, eyeing a 75% rebound by September 2022.
13h agocryptodaily
Blockchain Network Platform Capabilities for Businesses, Applications and Enterprises
Enterprise-grade blockchain networks were born out of a necessity to provide solutions to the numerous challenges facing both consumers and enterprises amid a rapidly changing technological landscape. The rate of growth in the FinTech space has the dangerous potential to leave projects behind if they don’t keep pace with innovation, and that’s why developers are busy anticipating future developments, and implementing solutions to their problems in the here and now. Building the Future of Web3 Smart-contract usage revolutionized the blockchain space, and introduced us to the concept of DeFi and GameFi, but the utility of smart-contract transactions may soon be past its peak. Some projects are building a comprehensive, service-oriented architecture that allows network users to interact and transact directly. By building second-level protocols atop dedicated enterprise services like these can allow projects to side-step the common reliance on smart-contracts thanks to built-in payment systems and private shard chains. These services deliver all the features and functionality that users expect from a public blockchain network while cutting down on smart contract usage by around 90%, and retaining the security and privacy of enterprise-specific infrastructure. This results in cheaper transactions for users, and a greatly simplified development path for developers. What’s more, by removing the reliance on smart contracts, such services effectively cut out a major attack-vector which has plagued numerous popular blockchains to date. Blockchain-in-a-box solutions give enterprises a plug-and-play entry to the blockchain space - one prepared to handle applications spanning the finance, gaming, and information technology industries, and more. Thanks to the use of quantum-secure cryptography tools, enterprises get the assurance they need to launch long-lasting projects which stand the test of time.Simplicity and Composability Simplicity is key to onboarding new users and enterprises to a technology that has the potential to revolutionize a plethora of industries. In search of simplicity, many projects are foregoing complex network infrastructures and programming languages in favor of building from the ground up using common code like C, without any reliance on third-party protocols or services. Low-level architecture makes blockchain easy for other operating systems to interact with. One can easily envisage such networks being used in tandem with the simplest of consumer hardware - smart fridges, for example - because the technology is built on simple foundational principles and code. Software Development Kits (SDK) like the Cellframe SDK allows developers to build applications dedicated to a range of emerging industries - not least the gaming industry. Developers can use SDKs to easily create fair game worlds that encompass PvP (Player vs Player) and PvE (Player vs Environment) game modes, while ensuring that cheaters are exposed and removed from the network thanks to in-built security measures. Ultimately, Cellframe enables the construction of safe, secure, lightning speed blockchain networks that support the creation of distributed networks like VPN, CDN, cloud computing and video streaming platforms. Whereas most blockchain protocols which rely on a network of nodes to upload external data to the blockchain, Cellframe requires no such external or third-party service. Interoperability and Gaming Future-proofing technology involves helping projects build as close to the hardware layer as possible, removing all that is unnecessary, and simplifying the process for the end user. Since Cellframe acts as a zero-layer protocol made with compatibility and interoperability as prime objectives, Cellframe will eventually have full compatibility with WASM (Web Assembly) and EVM (Ethereum Virtual Machines), creating true interoperability between Cellframe and a range of internet and blockchain apps, services and networks. This will prove particularly relevant to the GameFi (gaming finance) space, as the end user will be able to traverse various disparate gaming worlds without having to create new sign-ups for each one. Bespoke governance solutions also make Cellframe ready for enterprise adoption, as it sidesteps many of the problems commonly encountered by blockchain projects. The Cellframe token (CELL) is emitted based on the votes of its community of DAO participants, meaning the community gets to decide on the most appropriate issuance rate for CELL. This means the protocol can’t be changed on a whim by developers. Furthermore, truly decentralized dApps (known as t-dApps) don’t allow for a single address to be in control of large CELL holdings at any one time. Rather, wealth is distributed among network participants to ensure network security, while removing any potential single points of failure. Enterprise tools are not lacking in the blockchain space; they are just waiting to be applied creatively. Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
14h agocryptodaily
Metaverse Memecoin Tamadoge Raises $1 Million Midway Through Its Beta Sale
London, UK, 10th August, 2022, ChainwireTamadoge, the P2E metaverse meme coin, has raised $1 million after just 12 days of its beta sale. The beta sale began on July 25 and is scheduled to run until August 31, but will finish before then when the $2 million hard cap is reached. Once the presale has concluded, the TAMA token will be listed on LBank exchange. Unlike most so-called memecoins, Tamadoge has been designed to have real utility. It serves as the native currency of a games platform populated by virtual Tamadoge pets. Owners can mint, breed, and battle Tamadoges to level up. A mobile “battle” beta version of the app is scheduled for release in Q4 2022. Tamadoge ultimately aims to raise $10 million to build out its play-to-earn GameFi ecosystem, with $2 million coming from the ongoing beta sale in which 1 TAMA can be bought for 0.01 USDT. ETH and fiat currency are also accepted for the beta sale. From September, the token price will rise by 25% as the second phase of the public sale commences. The current beta sale is effectively an open private sale, sometimes referred to as a “fair sale” because ordinary investors can take part with a minimum purchase of just $10 and no maximum. Half of the total supply of 2 billion TAMA tokens is available for purchase in the presale. Adding to Tamadoge’s fairness credentials, there is no vesting period for presale buyers and there is no private sale. Tamadoge utilizes NFTs, each of which represents a virtual pet. Owners are tasked with nurturing their pets from birth to adulthood. As the Tamadoge grows, it develops greater strength and skills and as it moves up the leaderboard it can participate in battles with other pets. In the Tamadoge Store players can buy food, clothing, and cosmetic items for their pets. The more they look after their pet the more Dogepoint rewards they’ll earn. Because of the use of NFTs, in-game assets are easily tradable as uniquely valued assets. Transaction fees from store sales go towards funding the Dogepoint rewards system. In addition, TAMA is deflationary which supports token price and the rewards pool is not dependent on speculation. Tamadoge has been designed to make Play-to-Earn fun, having drawn lessons from the mistakes of early P2E games. Many of these were criticized for tedious and skill-less gameplay, which made earning rewards arduous and boring. Early next year Tamadoge will be looking to explore partnerships with existing metaverse platforms with a view to onboarding its virtual reality vision. It is envisaged that each pet will have a 3D avatar version that can be plugged into virtual worlds on a variety of existing platforms. Tamadoge believes that interoperability and extensibility are essential for metaverse success and the team is therefore developing an ecosystem that is platform-agnostic. TAMA buyers can connect their wallet at https://bitesly.io/box_5a66b923931a8851e48a252348c79bc5 to participate in the beta sale. The TamaDoge contract address is: 0x12b6893cE26Ea6341919FE289212ef77e51688c8 For more information, visit: Website: Tamadoge.io/ Whitepaper: Whitepaper Social Channels: https://t.co/bAE0la22Rx Security audited: https://tamadoge.io/wp-content/uploads/2022/07/SolidProof-TamaDoge.pdf Not for general publication, press only – for more information contact Gary McFarlane at 07472 703 288 ContactsHead of [email protected]
14h agocryptodaily
Dusk Network releases 2022 Report - Secure development through the coming years
Dusk Network has just released its fourth transparency report in which it underlines the strong financials that will enable the company to continue its cutting-edge development in fully compliant, private and decentralised finance. Despite a crushing bear market, Dusk Network has forged ahead on a road to long-term growth, all the while adapting to the fast-changing regulatory environment for cryptocurrencies. Fast becoming one of the leaders for developing a privacy-focused blockchain for financial assets, Dusk Network’s breakthrough Zero-Knowledge Proof technology is set to revolutionise financial markets into the 21st century. Daybreak Public Testnet launches successfully With the launch of the Daybreak testnet, the public can now interact with and learn more about the technology in place. Those who are tech-savvy can install the CLI wallet and start executing transactions. The testnet includes three major technical break-throughs in the form of PlonK, the lightning-fast zero-knowledge technology, Succinct Attestation, which delivers settlement finality through a unique proof-of-stake consensus mechanism, and the RUSK Confidential Smart Contract platform which enables anyone to program privacy-enabled smart contracts. Focus on business development and marketing Given Dusk Network’s aim of scaling up to support its growth, the team is looking to make new hires in the areas of business development and marketing. The whole team has been working remotely since the onset of the pandemic, and now get-togethers are planned for four times per year. Roadmap Daybreak As already mentioned, the Dusk Network Daybreak foundation phase of the roadmap is currently being implemented and tested. Daylight Daylight is the next phase of development. Here the focus is on decentralisation, and a gradual move towards a more community-run network that has less and less dependence on Dusk Network. The team expects a lot of bugs as the network transitions to far greater decentralisation. This is welcomed, given that the more patches and fixes that are made as more issues come to light, the stronger and more secure the network will become. Alba After Daylight comes Alba, with the power of smart contracts. The Confidential Token Standard (XC) will come into play, and a development toolkit will be released that will enable developers to easily deploy confidential tokens. Aurora The final phase for the time being on the Dusk Network roadmap is the Aurora security tokens and applications stage. Aurora will harness the power of Zedger, a cutting edge model for security token transactions. Zedger will allow the development of regulated financial products that include both privacy and regulatory compliance features. Download the full Dusk Network Report 2022 here. Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
14h agocryptodaily
What Is Revolutux (RVLT)?
There would hardly be a day where the blockchain industry won’t have a form of advancement. There’s also a new thing or project to learn about and each one seeks to solve a problem that people have complained about. For those whose major interest has been a massive increase in the accessibility of cryptocurrencies, Revolutux (RVLT) says it’s your lucky day. Introducing A New Binance Smart Chain Project Revolutux (RVLT) is a new deflationary token with plans to create a low-risk, strategic, frictionless, and decentralized environment where everyone can trade in digital assets across the world with cheap fees. They will offer transparency which we can all agree is a major ingredient for the long-term success of decentralization and the blockchain industry. Their plan is for everyone to be more connected and empowered financially while they provide everyone with the ability to stake and trade and also expose them to NFTs and incentives all on one platform. Revolutux (RVLT) has three major functions that happen in every trade; Reflection Liquidity Pool (LP) Acquisition and; Burn The protocol ensures that the assets of token holders are automatically collected and deposited securely in the liquidity pool through its Automatic Liquidity Pool (ALP) mechanism. Token holders can also use the reflection mechanism to hold their tokens depending on percentages completed and total tokens owned. What Are Revolutux (RVLT) Ecosystem Offerings? The Revolutux (RVLT) ecosystem is poised to offer four major attributes which will be broken down in this section. They include; Revolutux Swap: This will allow users to swap their money for other currencies of their choice. The swap services will be connected to the biggest DEXs (decentralized exchanges) in the world and so users can search for and choose the ones that offer the lowest fees. Revolutux Staking: Customers will benefit from rewards as a result of staking their tokens and the system is developed in a way that will help people who do not have a technical grasp of cryptocurrency to stake. This feature will be great for token holders that are interested in holding their assets for a long period and earning passively. Revolutux NFTs: These NFTs will be one-of-a-kind assets that will be generated on the blockchain and will be tradeable. The platform intends to revolutionize the market by disseminating its NFTs. Revolutux DAO: To ensure that the power belongs to the people, they would establish a decentralized autonomous organization (DAO) that will make sure that users and developers contribute to the project’s development and growth. The RVLT token will be disbursed among active network members and will be used as a governance token which will allow them to vote on different proposals and modifications. Why Should You Consider Revolutux (RVLT)? It’s a valid question, and here are some aspects the project has given as reasons to sign up. Utility The Revolutux (RVLT) ecosystem is about to make available certain services like the liquidity pool (LP) acquisition that will make the DeFi industry undergo an innovation. They will create a token that will be useful to users and help them earn money passively. Longevity The platform is dedicated to supporting the long-term evolution of the ecosystem which they believe will lead to decentralized apps (DApps) that can be used in the real world as well as additional incentives. Ease Of Use Revolutux (RVLT) is easy to use and this should contribute to its success. Interested parties can buy into it with nothing more than a phone and an internet service. All in all, it is important to remember that in cryptocurrency just like with any other forms of virtual assets like stocks, doing your research is vital. With the market being so volatile, it is smart to worry and be extra careful. However, I feel like this project has great prospects and I’m excited to see how it fares when it launches officially. Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
14h agocryptodaily
Klangaverse: This New Cryptocurrency is Music to Our Ears
Klangaverse is using blockchain technology to revolutionise the music industry. On this platform, artists can build an intimate fanbase, sell their music in the form of NFTs, and reap the rewards of community engagement. Through activities, events, weekly hangouts, and collaborative projects, artists can closely engage with their listeners. Music is about the connection between the creator and listener. Klangaverse builds a mutually beneficial community around this connection, for both artists and fans. Fully decentralised and built on the Binance smart chain, Klangaverse empowers the community to come together, enjoy music, and gain profits. Based on Web3 and decentralised finance properties, Klangaverse aims to put together a cooperative music movement, dedicated to supporting and promoting all involved. Klangaverse Payment Process Klangaverse has its own crypto token $KLG for the payment of artists and fans. It is passionate about keeping financial control in the hands of the artists, differentiating from other music platforms. This is a decentralised community, where musicians can decide on how revenues raised from their minted songs are split among the teams that made them. The Klangaverse ecosystem is not interested in controlling the musical finances of its users, instead, it is fair and considerate. $KLG will be distributed on the Binance Smart Chain with a max supply of 10,000,000,000 tokens. Their presale will consist of 3,000,000,000 tokens and there will be a 2 month vesting period to maintain integrity, security, and value stability. Game With Klangaspel! Klangaspel is Klangaverse’s exciting simulation-P2E adventure game where you can make fun revenue and play your favourite instruments! To enter, just purchase your instruments and lessons. You can pick from a wide range of instruments, from guitars to amps, drums, and violins. Make your musical dreams a reality. The Klangaverse Soundmap This is a coin with drive and dedication to its community. After completing its audit, Klangaverse aims to be listed on Coinmarketcap and Coingecko. Focussing on the musical aspect, Klangaverse plans to collaborate with 1000 musicians for initial NFT releases before launching on decentralised exchanges. The platform will then mint free music NFTs to all of the presale investors and launch the NFT marketplace. To maintain and promote the platform, Klangaverse will begin work on podcasts, radio, and streaming services, elevating its reach. This will include metaverse integration so that musicians can play concerts for their fans and NFT holders. These virtual performances connect with the ethos of the platform - the importance of the relationship between musician and listener. The community aspect of Klangaverse enables artists to easily collaborate, merchandise to be released for fans, and weekly events with games and rewards to take place. Community connection is at the heart of this platform. To reward early users there are several bonuses in place: In Stage 1 of the presale, receive an extra 9% of $KLG tokens every time you purchase In Stage 2, receive an extra 6% of $KLG tokens every time you purchase In Stage 3, receive an extra 3% of $KLG tokens every time you purchase This new cryptocurrency undoubtedly has the music community at its heart. Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
21h agocointelegraph
Iran makes $10M import with crypto, plans 'widespread' use by end of Sept
Prolonged economic sanctions against the Islamic state have forced Iran to start using crypto as a medium of exchange for international trade deals.
23h agocointelegraph
Tether also confirms its throwing weight behind the post-Merge Ethereum
We believe that a smooth transition is essential for the long-term health of the DeFi ecosystem and its platforms, including those using our tokens,” Tether stated.
1 day agocointelegraph
Anonymous user sends ETH from Tornado Cash to prominent figures following sanctions
It appears to be an ongoing prank to challenge the novel Tornado Cash sanctions.
1 day agocryptopotato
MyCointainer: Earn Rewards Through Crypto’s Piggy Bank
The crypto industry provides multiple opportunities for users to passive income without going through the hassle of day trading. Today, cold staking, crypto cashback, and airdrops are some of the best ways to increase your crypto holdings. These earning methods are increasingly becoming popular among crypto users because of their ease of use. For instance, […]
1 day agocoindesk
Canadian Regulators Probing Crypto Lender Celsius Network Alongside US: Report
Canada's provincial securities regulators are investigating how Celsius' implosion is impacting investors in North America.
1 day agocryptopotato
BNB Pulls Back at a Critical Resistance, is $300 Incoming? (Binance Coin Price Analysis)
Binance Coin had a strong rally that appears to be ending after the price has hit a key resistance. Key Support level: $267 Key Resistance level: $332 BNB was rejected by the key resistance at $332 and now entered a pullback that could take the price back to the key support at $267. This correction […]
1 day agocoindesk
Understanding the Currency Sector in CoinDesk Indices DACS
The Currency Sector is the largest Sector in CoinDesk Indices' DACS. It has the largest number of digital assets among the six sectors that make up DACS.
1 day agocoindesk
Reserve Bank of Australia Starts New Pilot to Explore CBDC Use Cases
The Reserve Bank of Australia (RBA) is to explore use cases for a central bank digital currency (CBDC) in "limited-scale" pilot alongside the Digital Finance Cooperative Research Centre (DFCRC).
1 day agozycrypto
CFTC Oversight Over Crypto Likely To Spur Further Mass Adoption
A new bill that gives the United States Commodities and Futures Trading Commission oversight over the crypto industry could encourage more investors to start seeing cryptocurrencies as a good investment alternative if passed to law. This, among many other effects, could spark the next wave of mass adoption of cryptocurrencies. Several investors, especially in the […]
1 day agocryptopotato
Serenity Shield Launches First Cryptographic Sensitive Data Storage on Blockchain
[PRESS RELEASE – Paris, France, 8th August 2022] Serenity Shield, a decentralized application platform that offers an innovative, revolutionary approach to crypto inheritance and secure storage solutions for sensitive data, is launching the Minimum Viable Product (MVP) of its StrongBox®. The MVP is already available (email to register: [email protected]) and the final solution will be […]

About Ontology Gas

The live price of Ontology Gas (ONG) today is 0.447192 USD, and with the current circulating supply of Ontology Gas at 315,795,359.91 ONG, its market capitalization stands at 141,221,152 USD. In the last 24 hours ONG price has moved 0.022762 USD or 0.05% while 963,061 USD worth of ONG has been traded on various exchanges. The current valuation of ONG puts it at #207 in cryptocurrency rankings based on market capitalization.

Learn more about the Ontology Gas blockchain network and how it works or follow the price of its native cryptocurrency ONG and the broader market with our unique COIN360 cryptocurrency heatmap.

Ontology Gas Price0.447192 USD
Market Rank#207
Market Cap141,221,152 USD
24h Volume992,582 USD
Circulating Supply315,795,359.91 ONG
Max Supply1,000,000,000 ONG
Yesterday's Market Cap140,311,820 USD
Yesterday's Open / Close0.421551 USD / 0.444313 USD
Yesterday's High / Low0.444313 USD / 0.414242 USD
Yesterday's Change
0.05% ( 0.022762 USD )
Yesterday's Volume963,061 USD
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