Binance launched the ONT-33D token tied to Ontology at its blockhouse

   Binance has announced the launch of the BEP2 ONT-33D token on Binance Chain. ONT-33D is tied to the Ontology Cryptovalyte (ONT) at a ratio of 1 to 1.

ONT-33D token is released for trading on Binance DEX decentralized platform. Trading pairs with this asset will be available from April 21. Initially, Binance will issue about 1.5m tokens, and then continue to issue depending on market demand.

According to the exchange, Binance DEX will be the first platform on which ONT holders will have access to decentralized trading services. Traders will be able to trade ONT, fully controlling their assets, expanding the use of this crypt currency and increasing its liquidity. To start trading ONT-33D, users are encouraged to download the Trust Wallet application.

Recall that this month Binance introduced a platform for over-the-counter trading and is also preparing to launch its own pool for mining. In addition, last week Binance Chain developers released the White Paper of Binance Smart Chain, a parallel blockbuster with smart contract support and EVM compatibility to enhance Binance Chain's functionality.