Ontology ONTPrice $ 0.0532

Ontology is a blockchain-based project that provides a dedicated Web3 infrastructure. It is multi-chain and allows different networks to communicate and connect with each other. Decentralized applications can also be built on top of the Ontology framework. The team hope that Ontology will provide individuals and enterprises access to regulatory-compliant solutions with a focus on privacy.

The platform features a dual-token model. Ontology (ONT) is the first of Ontology’s native cryptocurrencies. It has a total supply of 1000000000. Ontology Gas (ONG) is the platform’s other native token. They are both needed for the platform’s operation.

What are Ontology’s key features and how does it work?

The Ontology network has a range of products that form its ecosystem. This includes ONT ID, ONTO Wallet, Wing Finance, and SAGA. ONT ID is an identity framework that is decentralized and allows users to control their private data. Owners can choose when and if their data is accessible to others. Developers can integrate ONT ID within their applications thanks to its interoperability and support for multiple virtual machines.

The next product, ONTO Wallet, operates as a web3-compatible wallet. Users can store, exchange, and manage their digital assets using the wallet. Network participants who are node operators can use the OWallet desktop platform. This allows users to manage nodes and also offers integration support for hard wallets.

As mentioned above, Ontology is multi-chain. This means that the network is composed of multiple chains that can perform different functions

What can ONT be used for?

ONT is Ontology’s primary means of storage and transferring value across the protocol. This includes interacting with and building decentralized applications on the network. ONT is also used for the network’s governance. Holders can delegate their stake to nodes who, in turn, can suggest proposals and vote on issues related to the governance of Ontology. ONT can be staked in exchange for rewards distributed in ONG.

ONG, the network’s other platform, is used for network fees and transactions. This includes deploying smart contracts onto the network.

Where can you buy ONT?

ONT is available for trading on the following CEXs and DEXs listed here. The most popular platforms with the highest liquidity are Binance, AscendEX, Gate.io, and OKX. The price of ONT will vary depending on the choice of exchange and overall market conditions. For up-to-date and historic data for ONT market prices, please view the price charts on this page.