Ontology is a blockchain project focused on supplying dedicated Web3 infrastructure. Built to be multi-chain, it enables separate networks to connect and communicate with one another. Developers can also create decentralized applications on top of the Ontology framework. The team aims to help individuals and enterprises use solutions designed to meet regulatory requirements, while emphasizing privacy.

Ontology uses a dual-token setup. Ontology (ONT) is the first of Ontology’s built-in cryptocurrencies and has a total supply of 1000000000. Ontology Gas (ONG) is the project’s other native token. Both tokens are required for the platform to function.

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

Within Ontology’s ecosystem, the network includes several products. These are ONT ID, ONTO Wallet, Wing Finance, and SAGA. ONT ID is a decentralized identity solution that lets users maintain control over their private information. Data owners can decide whether and when their information is shared with others. Through its interoperability and support for multiple virtual machines, developers can integrate ONT ID into their applications.

Next is ONTO Wallet, a web3-compatible wallet. It supports users in storing, exchanging, and managing their digital assets. Node operators can also rely on the OWallet desktop platform, which helps users manage nodes and provides integration support for hard wallets.

As outlined earlier, Ontology is multi-chain. In practice, that means the network consists of multiple chains that can carry out different roles

What can ONT be used for?

ONT serves as Ontology’s main asset for storing and transferring value across the protocol. It can be used to interact with and build decentralized applications on the network. In addition, ONT is tied to network governance: holders can delegate their stake to nodes, which may then submit proposals and vote on governance-related topics for Ontology. ONT is also stakeable, with rewards paid out in ONG.

ONG is the other platform token, and it is used to cover network fees and conduct transactions. This includes the ability to deploy smart contracts on the network.

Where can you buy ONT?

ONT can be traded on the CEXs and DEXs listed here. The most widely used exchanges with the highest liquidity include Binance, AscendEX, Gate.io, and OKX. ONT’s price changes based on the selected exchange and broader market conditions. For the latest and historical market data for ONT, see the price charts on this page.