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What is Ontology (ONT)?

Ontology basic info

Name:Ontology
Ticker:
Introduction:

What is Ontology (ONG)?

Ontology (ONG) is a highly efficient public blockchain aiming to be the decentralized trust network that supports businesses of all types. Unlike traditional centralized systems, Ontology operates on a decentralized framework, empowering users with enhanced security, transparency, and efficiency in data exchange and verification processes. It provides a wide array of services, including smart contracts, distributed verification management, and data exchange protocols. Its modular and pluggable design ensures flexibility and adaptability to meet the diverse needs of different industries.

How Ontology (ONG) Works

Ontology's architecture is founded on the principles of distributed trust, which facilitates secure and transparent interactions among participants. Some key components of Ontology are:

1. Consensus Mechanism

Ontology uses the Ontorand Consensus Engine (OCE), a highly effective version of the Delegated Byzantine Fault Tolerance (DBFT) consensus protocol. Based on Onchain's Distributed Networks Architecture (DNA), Ontorand ensures near-infinite scalability and minimal hashing rates, reducing the likelihood of network forks. This truly decentralized protocol empowers users with consensus rights, eliminating centralized control over confirmation power. With pluggable verifiers and online protocol recovery and upgrade features, Ontorand offers flexibility and resilience in maintaining network integrity and security.

2. Distributed Trust System

Ontology implements a distributed trust system that spans multiple chains, industries, systems, applications, and devices. This system incorporates various trust types within an integrated protocol network, enhancing trust and reliability in data exchange and verification.

3. Multi-Source Data Exchange

The network supports multi-source data exchange protocols, enabling efficient and secure sharing of data among participants. Ontology ensures that users retain full control over their data while complying with privacy regulations and standards. Data attestation also maintains the integrity and privacy of data throughout its lifecycle, enhancing trust and reliability in data exchange processes.

4. Multi-Source Identities

Ontology supports multi-source identities, allowing users to verify their identities across different platforms and applications securely. This feature ensures privacy and security while enabling easy access to decentralized services.

5. Decentralized Identity Verification

Ontology implements a decentralized identity verification system, ensuring privacy and security in identity authentication processes. Users can establish organizational networks and specialized identity verification systems tailored to industry-specific requirements.

6. Dual-Token Mechanism

Ontology's native tokens, ONT and ONG, play crucial roles within the ecosystem. ONT serves as a token for governance and general exchange purposes on the Ontology chain, while ONG works as the gas required to perform operations on the blockchain.

ONG Goes Live on Bitget

Ontology offers a decentralized trust network that redefines how we exchange data and conduct business in the digital age. With its robust architecture, advanced features, and commitment to security and privacy, Ontology paves the way for a more secure, transparent, and efficient future of decentralized finance and data exchange.

Trade ONG, the gas token of Ontology, on Bitget to become the pioneer of decentralized data and trust now!

How to Trade ONG on Bitget

Step 1: Go to ONGUSDT spot trading page

Step 2: Enter the amount and the type of order, then click Buy/Sell

Trade ONG on Bitget now!

Disclaimer: The opinions expressed in this article are for informational purposes only. This article does not constitute an endorsement of any of the products and services discussed or investment, financial, or trading advice. Qualified professionals should be consulted prior to making financial decisions.

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Current price:
All-time high:$11.18
All-time low:$0.1301

ONT supply and tokenomics

Circulating supply:907,697,860 ONT
Total supply:1,000,000,000 ONT
Max supply:1,000,000,000 ONT
Market cap:$208.63M
Fully diluted market cap:$229.84M
Token allocation:
Co-Builders (institutional partners)
28.00%
Ontology Ecosystem Development
25.00%
Ontology Core Team
15.00%
Ontology Community
12.00%
NEO Council
10.00%
Ontology Technical Community Reward
10.00%
Tokenomics:

Uniqueness

Ontology offers a variety of real-life use cases and allows businesses to build their own blockchain on top of the Ontology blockchain. This provides businesses and enterprises with more flexibility, enabling them to create customized blockchains to fit their specific needs.

The Ontology chain is designed with interoperability in mind. The network currently supports three virtual machines (Ontology EVM, NeoVM, WasmVM), helping to break down barriers to development and provide a familiar environment for those wanting to build with Ontology. This is the baseline infrastructure to enable easy, cross-chain building for Web3.

Of course, providing the infrastructure is only one of the solutions to the challenges provided by Web3. The user experience is also crucial, and this is another area where Ontology is uniquely placed to make a positive contribution. ONTO Wallet gives cross-chain access to the user, placing Web3 in the palm of their hands. Combine this with ONT ID, which allows users to keep control over the ID and data. Furthermore, with features like ONT Login, which simplifies the registration and password management procedures, Ontology has the tools available to provide the most seamless access to the next iteration of the Internet.

Links

Buy Ontology for $1Buy ONT now

What is the development prospect and future value of ONT?

The market value of ONT currently stands at $208.63M, and its market ranking is #292. The value of ONT is not widely recognized by the market. When the bull market comes, the market value of ONT may have great growth potential.

As a new type of currency with innovative technology and unique use cases, ONT has broad market potential and significant room for development. The distinctiveness and appeal of ONT may attract the interest of specific groups, thereby driving up its market value.

What will the price of ONT be in 2025?
Based on ONT's historical price performance prediction model, the price of ONT is projected to reach $0.3904 in 2025.
What will the price of ONT be in 2030?
In 2030, the ONT price is expected to change by -20.00%. By the end of 2030, the ONT price is projected to reach $0.4711, with a cumulative ROI of +106.05%.
Reminder: Just like all cryptocurrency investments, investors must closely monitor the market performance of ONT and be aware of the associated risks. The world of cryptocurrencies is full of uncertainties, so thorough research and preparation are essential.

Is ONT worth investing or holding? How to buy ONT from a crypto exchange?

If you want to buy ONT, the following information may be helpful for your investment decisions:
In the last 7 days, the price of ONT has fallen by -17.19%, leading to negative returns for most ONT investors. The market is currently pessimistic about the price trend of ONT.
It is important to note that the current price of ONT has retreated by -97.94% from its all-time high. This coin is currently considered high-risk, and while its price may rebound in the future, there is significant uncertainty.
Additionally, it's important to understand that each coin has its own optimal times for buying and selling. The optimal time to invest is dynamic: when a coin is undervalued, it's wise to adopt a buying strategy; when it becomes overvalued, you should decisively sell the coin.
To decide whether ONT is worth investing in, you need to consider various market factors such as the overall trend of the cryptocurrency market, the project's fundamentals, its current market valuation, and whether the current price is suitable for buying. If the project's fundamentals suddenly change or the price becomes excessively high, you should adjust your investment strategy and trading operations accordingly.
Your investment decisions should be based on your own risk tolerance, financial status, market analysis and research, especially the timing of your investments. Correct timing can ensure more reliable returns. Keep in mind that investing in ONT or any cryptocurrency comes with certain risks and uncertainties.
Regardless of your outlook on the development prospects and future trends of ONT, if you want to buy or sell ONT, you can consider Bitget for your trading needs. The best place to buy ONT is an exchange that offers hassle-free and secure transactions, combined with a user-friendly interface and high liquidity. Every day, millions of users choose Bitget as their trusted platform for crypto purchases.
Investing in Ontology has never been easier. Simply sign up on Bitget, complete the identity verification process, and make payments using bank transfers, debit cards, or credit cards, all while ensuring security through crypto wallets. This is a widely adopted method to buy Ontology. Here's a step-by-step guide on how to buy Ontology on Bitget.

How to get Ontology through other methods?

Using cash to buy Ontology is not the only way to obtain Ontology. If you have the time to spare, you can get Ontology for free.
Learn how to earn Ontology for free through the Learn2Earn promotion.
Earn free Ontology by inviting friends to join Bitget's Assist2Earn promotion.
Receive free Ontology airdrops by joining ongoing challenges and promotions.
All crypto airdrops and rewards can be converted to Ontology through Bitget Convert, Bitget Swap, or spot trading.

What is Ontology used for and how to use Ontology?

The use case of Ontology may expand as the crypto market and the project itself develop. Currently, you can use ONT to achieve the following goals:
Arbitrage by trading ONT: Since ONT is a frequently traded cryptocurrency, the price of ONT is always fluctuating. Earn more ONT by buying low and selling high on the exchange. Bitget spot market provides a variety of ONT trading pairs to fully meet your needs.
Earn by staking ONT: You can also generate income through financial management methods such as staking ONT or lending ONT. Bitget Earn offers a variety of financial products designed to help you earn more income from your ONT.
Send or pay ONT: If you want to give ONT to your friends, a charity, or a fundraiser, or you want to pay someone with ONT, you can quickly and easily send ONT to the recipient through their payment address.
You can also go to the official website of the Ontology project to learn more about the use cases of ONT. For example, find out if the project supports the use of within its community or ecology, or if the project allows you to purchase physical or virtual products in .

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ONT resources

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BNB Smart Chain (BEP20)
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Links
Ontology WebsiteOntology WhitepaperOntology TwitterOntology Github

ONT price calculator

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ONT
USD
1 ONT = 0.2301 USD
Last updated (UTC-0)
Buy ONT now