Ontology

I was looking into mining this coin and from what I can tell it is a scam...

The coins are pre-mined and you needed to hold NEO or a attend conferences to get ONT...

I hope you guys realize that premined coins are centralized and that defeats the entire purpose of crypto.

The reason it is a scam is because they design the coin to make it seem good to hold it to generate another coin. Dont invest too heavily into this coin. You can see what happened to NEO recently... that is because NEOs main purpose is pump and dump. That is where it gets its value from. (And from tricking people into holding it for neo gas)

ETC was $18 when NeO was $60++ and now look... this is because ethereum classic is actually the original Ethereum and serves a purpose. The new ethereum is a fork from ETC and was created for ICO scams and is centralized as the developers can easily change protocols to benefit themselves at any time.

The Ethereum founders will eventually be prosecuted by the SEC because in 2017 they advertised using google ads and it was to buy ether.. which is a security.

The only coins to hold longer term are BTC, Monero and ETC. Those are the 3 main decentralized algorithms... every other coin is a copy of those 3 coins... except Neo and ontology...which is similar to Neo (dont get me started on ripple). Neo is similar to ethereum in the sense it is kind of a scam. Ethereum is moving from PoW to PoS and that is them becoming more like NEO, as that shift occurs you will see ethereum lose more value. If it doesnt, that is because it is being manipulated by whales (similar to Neo). Cryptos values lay in their decentralized blockchains(which neo and ontology dont have). Neo and ontology trick people into holding their coins to generate free other coins, that is where their value lays... which is a scam.

I click wallet, ONG. I see 0.000 ONG, I see some Claimable and some Unbound. I click Redeem and get an info popup. "Pressing redeem will send 1 ONT to yourself, which will make any unbound ONG you have become claimable and redeem to your wallet." I clicked OK. I entered my password and in about 5 seconds I see a new ONG balance. If I hit Redeem a second time, it says ONG not enough so I will wait a few days. This seems to be working good.

I have two different addresses (public keys). One on my Wallet and one on my Me(user) page. when I backup my wallet, my user public key is in the JSON backup string, but my Wallet address is not.

Can someone confirm my wallet is also backed up or did I just back up my user only? Can someone explain why I'd need to give someone else my user address and when to give wallet vs user addresses? Can I have one wallet and multiple users or one user and multiple wallets? Do I need to back up only my users or do I need to back up my wallets too as a separate step?

I'll check some ONT blockchain explorers and enter my user address and wallet address and see if the relationship is obvious there.

So I'm kinda confused onto what's happening with the ONG airdrops.

Wasnt it supposed to be dropped to you each month at the end of the month?

Ive seen that Binance completed their main swap of the main net for ONT, but thinking I have missed the first ONG airdrop I thought for sure I would be compensated very soon.. but I still havent received any ONG yet.

Is it because you actually HAVE to make a swap to their ONT wallet before you could receive em, or am I just impatient and should wait for this end of the month for double ONG airdrop?

For those still perplexed by KuCoin's inability to open up withdrawals for ONT, a friend of mine suggested to do this:

1. Sell your ONT for BTC or ETH.
2. Transfer the BTC/ETH to Binance or another exchange w/ their stuff together.
3. Buy ONT on Binance/another exchange.

It sounds and is so simple but some of us relative noobs get so angry after seeing the red "Withdrawals Not Allowed" in KuCoin that we forget that we can still sell the locked up ONT and transfer the BTC/ETH to Binance and buy. What's more, as the spread on KuCoin for ONT is crazy, you might even be able to garner a few extra ONT via arbitrage. Definitely worth a try if you're frustrated with KuCoin's ONT lockup.