ONTOLOGY: MEMORANDUM SIGNED WITH NEO = 28.89% PROFIT!!!

٢٠ مايو ٢٠١٨

Our "Crypto Bottom" Trade Indicator has correctly identified a buy in point on the 12th of May 2018.

Using this buy in point and selling at today's price, you would have expected to net 28.89% PROFIT!!!

The increase in price may also be explained by positive developments including:

April 24: Ontology is ready to release its new consensus algorithm VBFT after the release of its first batch of open-source projects on GitHub. VBFT algorithm combines Proof of Stake VRF and Byzantine Fault Tolerance . This allows consensus to be reached among nodes faster and more efficiently and is a substantial advancement among current consensus algorithms.

April 25: Ontology ( ONT -0.94% ) releases their IDE -0.26% integrated development environment), Smartx.

April 26: Release of a number of official Telegram groups including those in: English, Chinese, and Korean. Community run groups include those in: Spanish, Italian, Dutch, Vietnamese, Turkish, Japanese, Russian, and Cantonese.

April 26: Release of Ontology v0.7 and Public TestNet (code named: Polaris 0.57% ). This includes numerous updates including: CLI module, WebSocket subscribe function, event push filter, new Wasm APIs, smart contract pre-execute, interoperability across VMs, NeoVM v0.7 and Doc. Center.

April 27: Official publicised Launch of Smart X. This enables users to program, debug and deploy smart contracts on testnet. It supports NativeVM, NeoVM and WASM smart contracts in C# and python. There are plans to add further programming languages in the near future.

April 28: Ontology open sources it's VBFT protocol which offers massive advances over PoW and BFT -5.56% protocols. This protocol is expected to resolve all pproblems to do with scalability and large amounts of electricity. Open sourcing will allow Ontology to further develop of its VBFT protocol and to increase interoperability with a number of different DAPPs and potentially with different blockchain protocols in the future.

May 1: Smart contract capabilities of Ontology are publicised in Neo News Today. SmartX are supported by the platform are NeoVM-based C# and Python, although Ontology have roadmap plans to include Java, Rust.

May 2: Ontology is at the Smart Economy Expo at the European Parliament in Brussels.

May 3: Upbit (Korean Exchange) lists Ontology.

May 3: Korean Exchange Upbit notes that it will give 5% of ONT holdings to customers who hold ONT -0.94% coins at the time of the snapshots.

May 3: Ontology announces a strategic partnership with NAGA with the intention to bring the Ontology infrastructure to the massive financial technology markets.

May 8: Ontology announces the Triones Membership System. This aims to support a combination of multiple blockchain networks based on support for a single blockchain network economic model.

May 11: Security Giants Baimaohui and SlowMist Join the Ontology Co-Builders Program. This aims to provide security audit services, support the development of public chains, and promote safe, secure, and reliable blockchain infrastructure.

(NEW) May 14: The Ontology Foundation and the NEO Foundation signed a memorandum of understanding on May 14th, 2018, concerning strategy and technology integration.

(NEW) May 14: Announcement that updates to Ontology C# SDK mean that ONT IDs can be created, funds can be transferred, claims can be registered and add public keys can be added to ONT ID.

It is believed that a surge in volume is driven by Ontology's the developments listed above and broader recovery in the crypto markets.

***The "Crypto Bottom Signal" used in this analysis is included as part of the Crypto Trade Signals subscription.***