Ontology Gas Research Hub | ONG information, history and analysis
Ontology was launched in November 2017 and was created by OnChain, a business in China active in cryptocurrency. Ontology is a high-performance public blockchain platform that allows firms without deep knowledge of blockchain technology to access and apply this technology in the simplest way quickly. Ontology’s goal is to be a decentralized network that provides a comprehensive, trusted blockchain platform for businesses.
Ontology is designed to allow businesses of all sizes to quickly set up blockchain technology for their companies without radically changing existing systems. Ontology’s solution simplifies business processes and solves most of the problems businesses face today, such as poor privacy protection and unrecognized mining data value, data management monopoly, and ineffective identity authentication.
Ontology uses Dual Token mechanisms, including the Ontology token (ONT) and the Ontology Gas token (ONG). The Ontology Gas token (ONG) is a token that exists in parallel with the Ontology token (ONT) in the Ontology ecosystem and is used for the following purposes:
- Pay gas fees inside the network.
- Reward ONT staking users.
Ontology, a leading public blockchain, has announced a $10 million fund designated in ONT & ONG tokens to accelerate the adoption, education, and development of decentralized identity (DID) solutions.
As a result of the above news, ONG and ONT, the native coins in the Ontology ecosystem, has surged by 30% and 19.66%, respectively.
ONG trading volume is $ 75.01m. Market capitalization reaches $ 208.84m.
ONG trading volume is $ 98.87m. Market capitalization reaches $ 217.67m.
Token Spotlight: Ontology Gas (ONG), the flagship of enterprise-oriented blockchain
Ontology is a high-performance Public Blockchain platform that allows businesses without extensive knowledge of blockchain to easily access and apply this technology in the simplest way.
Details: https://bit.ly/3NtdaEm
Ontology Gas Token (ONG) rises 23.04% after 24h
Although the market went down due to Bitcoin, Ontology Gas Token (ONG) still witnessed an impressive growth of 23.04% after 24h, reaching a price of 18,587 VNDC.
ONG’s 24-hour trading volume reached $9.96 million, which is 5.5 times the average of the past 10 days. With these achievements, ONG is currently leading the Top Gainers on ONUS.