Ontology is a robust blockchain platform designed for real-world applications, aiming to enable seamless collaboration between blockchain and existing systems. It offers tools for identity verification, data exchange, and business processes. Created by the Chinese company Onchain, led by Da Hongfei and Erik Zhang, Ontology expands blockchain's potential beyond cryptocurrencies for business adoption. Ontology Gas ($ONG) is the platform's utility token, used for transactions, smart contracts, and computational tasks on the Ontology network. It also incentivizes participation and network maintenance by being generated and distributed to ONT token holders who stake their tokens. This supports the platform's sustainability and growth.
Ontology is a high-performance, enterprise-ready blockchain platform that aims to provide a versatile foundation for a wide range of real-world applications. The platform focuses on facilitating seamless collaboration between the blockchain and legacy systems, offering robust tools for identity verification, data exchange, and other business processes. Ontology is designed to be customizable and modular, allowing businesses to deploy their own blockchain solutions without having to start from scratch.
Ontology was created by a Chinese company called Onchain, which is led by co-founders Da Hongfei and Erik Zhang. Onchain is also associated with NEO, another prominent blockchain platform. The Ontology project aims to expand the capabilities of blockchain technology beyond cryptocurrencies to empower businesses to adopt blockchain for various applications. It was launched to help bridge the gap between the decentralized world of blockchain and real-world business needs.
Ontology Gas ($ONG) is the utility token of the Ontology network, functioning in a dual-token system alongside the Ontology (ONT) token. $ONG is used to power transactions and operations on the Ontology blockchain. Specifically, it is used to pay for transaction fees, execute smart contracts, and perform other computational tasks within the network. Additionally, $ONG acts as an incentive mechanism, as it is generated over time and distributed to ONT holders who have staked their tokens in the network. This encourages active participation and maintenance of the Ontology ecosystem, ensuring its long-term sustainability and development.
The official Ontology Gas token ticker is “ONG” and trades under that name on all the exchanges where it has been listed. The designation “ONGAS” is for CryptoCompare.com only.
Ontology Gas (ONG) Price | ONGAS to USD Price and Live Chart
