How to Convert ONT to USDT
ONT has become a widely used cryptocurrency to send and receive payments between businesses and individuals. The value of ONT relative to fiat has fluctuated greatly since its initial airdrop. As with other volatile cryptocurrencies, investors may look to seek the perceived shelter of stablecoins like USDT during periods of uncertainty. Rubix is a cryptocurrency exchange where holders can open an account, move in their ONT and watch them for USDT and other cryptocurrencies. Once a desired level is reached, users are able to trade all or some of their ONT for the amount of USDT calculated by the exchange rate at the time of the transaction.
About ONT & USDT
What is Ontology?
The cryptocurrency ONT runs on the Ontology network, an enterprise-level blockchain, along with ONG, Ontology Gas. Together, ONT and ONG are said to “power” the Ontology blockchain. Like other cryptocurrencies, the price of ONT relative to fiat is volatile. The price of ONT declined significantly after its distribution via an “airdrop” to NEO holders. In addition, Ontology offers smart contracts and cryptographic verification of identity. ONT is among the many cryptocurrencies available to be bought, sold, and traded, anonymously and privately, through exchanges, such as Rubix.
What is Tether?
Tether is a stablecoin sold directly to investors by a company located in Hong Kong. The theory behind Tether is that it is a digital currency pegged to the value of the U.S. dollar. Each Tether is said to be backed by one U.S. dollar held in reserve, although controversy has arisen around this topic. However, throughout its history, Tether has served those looking for price stability closely mimicking that of the U.S. dollar well. With its leading technology, Rubix exchange is the choice of many cryptocurrency traders who seek a way to convert their ONT and other cryptocurrencies to stablecoins like Tether, seen by some as a less risky option, for secure safekeeping. Buy, sell, trade, and send Tether quickly and easily using Rubix’s innovative platform.
Convert ONT to USDT using Rubix
As a volatile cryptocurrency whose value is determined by the forces of supply and demand in an open market of buyers and sellers, the price of ONT fluctuates from day to day, even minute to minute. Some who trade ONT hope to capture these price differences as profit, buying when the price is ready to run and selling when prices have topped. Many of these speculators, along with regular ONT users, seek out the observed historical safety of stablecoins by exchanging to USDT during periods of price volatility. The secure Rubix exchange allows users to open trading accounts, move in ONT, monitor the ONT/USDT exchange rate, and place orders to trade any amount wished.