Portal Finance partners with Ontology

Portal Finance partners with Ontology Network a high-speed, low-cost public blockchain, focused on decentralized identity (DID) and data solutions today. This strategic collaboration will see the integration of the $ONT and $ONG tokens, based on the Ontology EVM blockchain, into the Portal DEX. This will enable users to effortlessly trade them against native BTC and BTC-based assets with one click, using Portal’s pioneering atomic swaps technology. 

Ontology Network recently launched a $10 million fund, to enhance the development, adoption, and education of decentralized identity (DID) technologies; The partnership with Portal, backed by Coinbase, OKX, and Arrington Capital, signifies the marriage of two pioneering protocols with a shared vision of true financial self-sovereignty and ownership of one’s assets and online identity.

“Ontology is excited about the collaboration with Portal DeFi and the opportunities it presents. Our focus is on bringing our communities together to explore new possibilities. We look forward to seeing the innovative solutions this partnership will generate.” — Raindy Lu, Head of Marketing

Looking forward, Ontology plans to integrate its native chain and assets as well as the aforementioned Ontology EVM. This will give the Portal community access to Ontology tokens and dApps, fostering collaboration and introducing them to Ontology’s cutting-edge DID and Reputation protocols.

“This integration with Ontology aligns with our mission of bringing users sovereignty, privacy, and security to their lives online. The vision of Web3 is built upon the freedom to own one’s data, identity, and finances, and we are achieving this through innovative partnerships with top tier infrastructure like Ontology,” — Dr. Chandra Duggirala, CEO & Co-Founder of Portal.

Ontology is a high-performance, open source blockchain specializing in digital identity and data. Ontology’s unique infrastructure supports robust cross-chain collaboration and Layer 2 scalability, offering businesses the flexibility to design a blockchain that suits their needs.

With a suite of decentralized identity and data sharing protocols to enhance speed, security, and trust, Ontology’s Features include ONT ID, a mobile digital ID application and DID used throughout the ecosystem, and DDXF, a decentralized data exchange, and collaboration framework.

FOLLOW Portal Finance

Website | X

FOLLOW Ontology Network

Website | X

RESOURCES

Portal Finance

REQUEST AN ARTICLE
Tags:
#ONT #ONTOLOGY #Portal $ONG

Comments

Post a Comment

Popular posts from this blog

Ripple XRP Price Prediction: New Year 2024

Image
Ripple ’s XRP token has seen a significant rise in its price this year. Since January 2023, the asset has surged by over 80%. However, the popular cryptocurrency remains overshadowed by others, such as Solana (SOL), which grew by over 1000%, and Bitcoin (BTC), which rallied by nearly 160% in the same time frame. Also Read: Ripple XRP Forecasted To Surpass its ATH of $3.40, Here is When XRP saw a massive spike in its price, reaching $0.82 after a US district court ruled that Ripple selling the token to retail clients did not breach securities law. However, the US SEC (Securities and Exchange Commission) has taken the lawsuit to the high court. There is a possibility that the high court will rule similarly to the district court. However, XRP’s price has stagnated over its legal unclarity. The asset has yet to reclaim its July 2023 levels and is since down almost 24%. Ripple XRP price prediction for New Year 2024 Source – The Coin Republic According to Chang...
Read more

Ethereum Foundation swaps Ether worth $2.7 Million, ETH dips

The swap was done on Uniswap. Ethereum (ETH) had dropped 1.64% at the time of writing to trade at $1,593.66. Ethereum Foundation’s significant holdings of Ether influence market dynamics despite its decentralized nature. The Ethereum Foundation, a key player in the development and ecosystem of the Ethereum network, sold a portion of its allocated Ether ( ETH ) tokens. A wallet identified as “0x9eE457023bB3De16D51A003a247BaEaD7fce313D,” labelled as a “Grant Provider” on blockchain tracker Etherscan, executed a swap of over 1,700 ETH for $2.7 million in USDC on the Uniswap decentralized exchange. Market reaction and impact The sale of ETH tokens by the Ethereum Foundation triggered a reaction in the cryptocurrency market. Ether’s price dipped by approximately 1.5% within a few hours, and over the subsequent 24-hour period, the drop extended to 1.8%. This event led to a temporary slump in the value of Ether and affected ot...
Read more

EV Charging Payments App on Blockchain Raises $310k in Presale – Invest Early in Future-Proof Project

Image
C+Charge is an upcoming EV charging payment app that aims to streamline the charging process and provide rewards to users. The app will connect EV owners with charging networks, allowing for easy payment transactions and earning carbon credits and sustainable cryptocurrency rewards in the process.  Utilizing decentralized blockchain technology, C+Charge's P2P payment system is making EV charging more efficient, cost-effective, and transparent. The platform's rewards system is one of its defining Features . By using C+Charge's utility token, CCHG, to pay for charges, EV drivers can earn carbon credits that can be used for a variety of purposes such as offsetting carbon footprint or even offsetting travel.  Additionally, C+Charge's partnership with Flowcarbon allows for tokenized carbon credits through Flowcarbon's Goodness Nature Token ($GNT) to be earned as well. C+Charge's goal is not just about earning rewards, but also bringing standardiza...
Read more