Cryptocurrency News

Citadel.one and Ontology Foundation Merge to Support DeFi Infrastructure

Serving as a renowned multi-asset non-custodial portal offering enterprise-grade services, Citadel.one has joined the prestigious network of the Ontology Global Community Contributor (GCC) Program. The Ontology Foundation will offer support to ONT tokens on the Citadel.one node network allowing the latter to initiate its official node on the GCC program. The Citadel.one team released an official Twitter post to circulate the news in the media stating:

As part of the integration, Citadel.one and Ontology will work jointly to lay the foundation of innovative and potent business use-cases for the industry. Citadel.one aspires to build a pathbreaking infrastructure for DeFi growth and development capable of aiding developers from across the globe.

The team has designed a smart voting protocol that helps users give direct inputs in the community working through active participation generated via polls and data tracking. It helps investors to keep track of their digital assets spread across multiple channels. One gets accurate reward ascertainment and powerful analytics dashboards on the portal for better management of funds. The rewards pooled in are staked automatically with full security and efficiency.

When talking about the collaboration, Ontology’s co-founder, Andy Ji, quoted that the team is elated to work together with Citadel.one. Both the teams share the common objective of developing the decentralized finance sector across the countries and so they will put in their best efforts to bring their aims to reality. The honorable spearhead added that being a part of Citadel is a worthwhile investment that can bring success for the popular firm.

On the other hand, Citadel.one is a one-shot infrastructural solution for the DeFi supporters. It helps users take part in the DPoS consensus mechanism that rewards each stakeholder on the degree of their contribution to the ecosystem. The system gives users a chance to create native public addresses with one seed phrase for all the supported channels. The portal allows users to link their hardware wallets seamlessly, giving users access to a dashboard with multiple services like portfolio overview, chart analysis, transaction and rewards data, status scrutiny, etc. It offers quick crypto exchange services, swaps, and trading using debit and credit cards. Citadel supports IOST, Tezos, ICON, Cosmos, and Orbs.

Earl Arrington

Earl Arrington is a regular contributor of daily, weekly and monthly articles on cryptocurrencies price analysis, latest trends and stories on cryptoexchanges. Basically he is a computer science graduate but, due to his keen interest in crypto space, he is a part of CryptoMoonPress reporting team.

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