Mainnet Launches to Watch: Ontology (ONT), Zilliqa (ZIL) Coming in Q3 2018
Cryptovest
Published Jul 17, 2018 09:03AM ET
Updated Jul 17, 2018 09:20AM ET
Mainnet Launches to Watch: Ontology (ONT), Zilliqa (ZIL) Coming in Q3 2018
The mainnet launches this year have not ended with the running of EOS and TRON, each already a month old. There are several other upcoming launches to be aware of, each with their varying importance.
In the coming weeks, the window for the Ontology (ONT) token swap has been opened starting July 9, but there is ample time to swap the tokens through an exchange, or the Ontology Android wallet. The deadline for the token swap is October 1. Mainnet launches have a variable effect on an asset’s market price. ONT slid by about 6% in the past week, losing about 70% since its peak, to slide down to $3.61 after the news of the token swap release.
The other long-awaited token swap is Zilliqa (ZIL) . This swap may create additional hype, as the project has not yet selected date, but the coming three months are the most probable deadline. ZIL currently trades at around $0.074.
Enigma (ENG) also plans its launch in the third quarter of 2018. The asset has slid significantly in price and trading volumes, down to $1.31, and it is unknown if the swap would generate another market spike. In the case of TRON and EOS, the prices even slid significantly after the mainnets became operational.
https://twitter.com/rich_phat/status/1019191521747193857
Still, Enigma lines up among the most awaited token swaps for the second half of the year.
But not all launches are created equal. The Safex (SAFEX ) token, also known as the Safe Exchange Project, relies on generating hype around its token swap.
https://twitter.com/SAFEXCRYPTO/status/1018177991765921792
However, the low-volume appreciation of SAFEX against Bitcoin is starting to look shaky. The crypto community has noted that the SAFEX asset looks risky, and has had several pump-and-dump events. So the mainnet launch invites extra caution. The SAFEX digital asset is traded on niche exchanges at very low volumes, and the coin is seeing aggressive advertising or outright shilling on crypto media.
This article appeared first on Cryptovest
Get The News You Want
Written By: Cryptovest
Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.