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Ontology Plans 200,000 ONG Giveaway on Binance, Starts Collaboration with Global Top Multimedia Platforms

  • Yuri Molchan
    📰 News

    During the recent TOKEN2049 event, Ontology founder Li Jun spread the word about the start of a long-term cooperation with major global video platforms


Ontology Plans 200,000 ONG Giveaway on Binance, Starts Collaboration with Global Top Multimedia Platforms
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Recently, before the beginning of the TOKEN2049 conference that Ontology hosted in Hong Kong, the platform’s founder Li Jun made an important announcement. As per him, Ontology is about to begin cooperating with MovieBloc – a new decentralized platform that deals with movie distribution.

Getting the world’s top video players as partners

KMPlayer was one of the first video media players to appear in the industry. Since 2006 it has been downloaded over 810 mln times by users in more than 150 countries. The company has received more than 500 playbacks monthly.

Pandora.tv is the first website for sharing videos, which adds adverts to video that users upload on it, providing unlimited space for video storage.

Details of the partnership will be announced later on.

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Ontology Gas giveaway

On its Twitter account, Ontology has announced that it intends to celebrate the anniversary of Binance listing the first of its native ONT coin and then recently of Ontology Gas (ONG). The platform’s team intends to hold a giveaway, spreading free ONG tokens to Binance users.

The total amount of the coins allocated for this is 200,000 ONG, and those will be given away in the form of prizes to 50 traders, based on their ONG trading volume on Binance.

The giveaway will begin on March 14 and will last until March 21.

Cover image via u.today
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Bitcoin's April 2 Breakout Was Reportedly Orchestrated by One Trader


Bitcoin's April 2 Breakout Was Reportedly Orchestrated by One Trader
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It’s been over two weeks since Bitcoin’s astronomical surge on Apr. 2, but new theories about what might have caused this bullish uptick continue to pop up. According to crypto-oriented analytical firm CoinMetrics, that epic surge was causes by a single trader.

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Mammoth-size trades

CoinMetrics claims that ‘a single committed trader’ concocted a plan to push the BTC price, and he successfully managed to do that by picking the time of the day when the global liquidity is at its lowest level.


(Source: CoinMetrics.io)

(Source: CoinMetrics.io)  

The report also suggests that the trader started to execute his plan on HitBTC (500,000 USDT were traded for Bitcoin prior to the price movement). After that, large trades were observed on Coinbase and Bitfinex.      

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Focusing on the future

Meanwhile, as reported by U.Today, another theory states that the rapid price surge was triggered by the expiration of the CME futures contracts and heavy spot and over-the-counter buying. One expert went as far as claiming that a simple April joke about the Securities Exchange Commission (SEC) could do the trick.

While no one is quite sure about what could have triggered the short-living rally, there is even a bigger disconnect when it comes to Bitcoin price predictions. While some share their bullish predictions for 2019, another report states that it could take 22 years for Bitcoin in order to match its current ATH of $20,000.

Cover image via 123rf.com
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