The current price of Ontology is $0.23530. Since 00:00 UTC, Ontology has increased by +2.04%. It currently has a circulating supply of 907,697,857 ONT and a maximum supply of 1,000,000,000 ONT, giving it a fully diluted market cap of $213.04M. At present, the Ontology coin holds the 158 position in market cap rankings. The Ontology/USD price is updated in real-time.
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Ontology (ONT) is an innovative blockchain project aiming to transform identity and data management and sharing. With its unique approach to blockchain technology and a dedicated team, Ontology has gained significant traction among traders and enthusiasts, positioning itself as a promising player in the blockchain industry.
What is Ontology
Ontology is a decentralized blockchain platform that aims to provide a robust infrastructure for trust, identity, and data exchange. Its main objective is to facilitate business adoption of blockchain technology by providing services such as data exchange and identity verification in a cost-effective, high-speed, and decentralized manner.
The platform achieves this by leveraging smart contracts and ledger accounts, enhancing transparency, trust, and privacy for its users. Ontology effectively powers its network through a dual token system, comprising ONT and Ontology Gas (ONG) tokens.
The Ontology team
The Ontology team is led by accomplished leaders, including Chief Strategy Officer Andy Ji and founder Jun Li, who have demonstrated their expertise and achieved notable success in the blockchain industry.
Jun Li brings a wealth of experience, having spent 16 years working in the IT and fintech sectors. His background as a senior blockchain architect and blockchain solutions professional positions him as a valuable asset to the Ontology project, contributing to its strategic direction and advancements.
Andy Ji is also an experienced blockchain technology leader, with significant leadership roles in various organizations and alliances, including Top 500 Blockchain groups, Wanda Technology Group, Hyperledger, and the China Blockchain Ecosystem Alliance (CBEA).
How does Ontology work
Ontology employs a unique architecture that combines diverse technologies, creating a robust and efficient blockchain ecosystem. The platform's support for multiple blockchains and protocols enables smooth interoperability between various systems. For instance, by utilizing its Ethereum Virtual Machine (EVM), Ontology ensures compatibility with Ethereum-based assets, promoting connectivity with other blockchain networks for data exchange and collaboration. This decentralized infrastructure allows easy integration into third-party systems.
ONT ID stands out as Ontology's key feature, serving as an identity verification protocol harnessing blockchain technology. Additionally, Ontology offers its own ONT Wallets, providing users with a flexible digital wallet for storing cryptocurrencies and NFTs.
Ontology’s native token: ONT
ONT is the native token of the Ontology network. ONT holders can participate in the network's governance by voting on proposals and contributing to decision-making processes. Additionally, ONT tokens are used to pay for transaction fees, deploy smart contracts, and access a wide range of services offered within the Ontology ecosystem.
ONT tokenomics
The total supply of ONT tokens is capped at 1 billion, with no further issuance planned in the future. The distribution of tokens is strategically allocated to various stakeholders, including the Ontology team, institutional investors, and community members. This balanced distribution not only encourages decentralization but also promotes active community engagement and participation within the Ontology ecosystem.
ONT use cases
ONT's main use case is to transfer and store value on the Ontology network. Holders can also vote on proposed upgrades, changes and other major project decisions. Furthermore, through the exchange of ONG rewards, holders can stake ONT to help secure the network.
ONT token distribution
The distribution of ONT tokens is as follows:
28 percent: Co-builders (institutional partners)
25 percent: Ontology ecosystem development
15 percent: Ontology core team
12 percent: Ontology community
10 percent: NEO council
10 percent: Ontology technical community reward
The future of Ontology
Ontology's commitment to interoperability, trust, and data management positions it as a powerful force in the blockchain industry. With its innovative solutions, Ontology has the potential to bring about transformative changes across various sectors. From enabling secure and efficient data exchange to revolutionizing identity verification and fostering innovative business models, Ontology is poised to redefine the way we interact with digital assets and information.
Number of posts mentioning a token in the last 24h. This can help gauge the level of interest surrounding this token.
Contributors
Number of individuals posting about a token in the last 24h. A higher number of contributors can suggest improved token performance.
Interactions
Sum of socially-driven online engagement in the last 24h, such as likes, comments, and reposts. High engagement levels can indicate strong interest in a token.
Sentiment
Percentage score reflecting post sentiment in the last 24h. A high percentage score correlates with positive sentiment and can indicate improved market performance.
Volume rank
Volume refers to post volume in the last 24h. A higher volume ranking reflects a token’s favored position relative to other tokens.
In the last 24 hours, there have been 311 new posts about Ontology, driven by 92 contributors, and total online engagement reached 137K social interactions. The sentiment score for Ontology currently stands at 85%. Compared to all cryptocurrencies, post volume for Ontology currently ranks at 3034. Keep an eye on changes to social metrics as they can be key indicators of the influence and reach of Ontology.
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Posts
311
Contributors
92
Interactions
137,385
Sentiment
85%
Volume rank
#3034
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Posts
180
Interactions
130,470
Sentiment
86%
ONT FAQ
How much is Ontology worth today?
Currently, one Ontology is worth $0.23530. For answers and insight into Ontology's price action, you're in the right place. Explore the latest Ontology charts and trade responsibly with OKX.
What is cryptocurrency?
Cryptocurrencies, such as Ontology, are digital assets that operate on a public ledger called blockchains. Learn more about coins and tokens offered on OKX and their different attributes, which includes live prices and real-time charts.
When was cryptocurrency invented?
Thanks to the 2008 financial crisis, interest in decentralized finance boomed. Bitcoin offered a novel solution by being a secure digital asset on a decentralized network. Since then, many other tokens such as Ontology have been created as well.
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