ONG Coin Price – Detailed information about Ontology Network’s project Ont price Prediction – Review and Chart 2022
ONG Coin Price Prediction 2024
ONG Coin It is among the crypto coins traded on stock exchanges. ONG Coin comments and analysis, which are carefully followed by stock market investors, attract great attention. You can follow us and benefit from the information here.
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The most popular topic of recent months, Metaverse and Web 3.0 concepts have been talked about frequently all over the world. The value and protection of digital identities, which will be needed in these areas, has become even more meaningful. The Ontology project states that it offers important opportunities to investors with its solutions in this regard. From our content about ONG Coin , you can learn about many project-related topics.
Founder and year of establishment: Jun Li / 2018
Blockchain: Own blockchain available
Total supply: 1 billion units
Circulating supply: 273 million units
Market cap: $246 million (February 14, 2022)
Lowest price: $0.03934
Highest price: $4.59
Purpose of the project: To provide digital identity solutions to users in the new era of the Internet.
Usage areas: Web 3.0 and Metaverse
Ontology Network?
Decentralized identity and data sharing protocols to increase speed, security and trust Ontology includes ONT ID, an ecosystem-wide mobile digital identity application and DID, and DDXF, a decentralized data exchange and collaboration framework.
Ontology distinguishes between ONT and ONG to mitigate the risk of fluctuations in the natural “asset” value on the gas fee.
ONG Coin and ONT Coin ?
There are two different types of Ontology Network’s ecosystem. has tokens. Investors who own ONG gain the right to governance and have a say in matters such as changes in the network. ONG is used as a value fixation tool for on-chain applications and is used for on-chain transactions. ONT is also used as a staking tool, and the duration of nodes, staking cost, and operating costs are considered inputs.
You can think of Ontology gas fee as a “highway” or a “toll” for using Ontology’s network. In this way, it is similar to the gas system in Ethereum. However, instead of paying in the main cryptocurrency ONT as you would in Ethereum (pay in ETH), the Ontology network allows you to pay for network use (for example, making a transaction) using a separate token (ONG). >
The system gives ONG Coin rewards to investors who stake ONT, ONT stakers. This means that ONG offers an opportunity even if you do not use the Ontology platform for purposes such as identity security.
ONG’s total token supply is 1 billion, while its circulating supply is 273 million.
An example of where this happens is in the metaverse space, where virtual worlds and the real world collide through virtual reality, artificial intelligence, and the internet. As the concept of the Metaverse evolves, people will be able to move seamlessly between different virtual worlds while maintaining an unchanging digital identity. To do this, decentralized identity solutions will be required that enable them to log on to multiple platforms with the same secure, private identity without having to remember passwords. Solutions such as ONT ID will provide the technological infrastructure that will allow users to do this.” Trading pairs can be traded on centralized exchanges such as Binance, Bithumb, Gate.io, MEXC, Bitmax, Upbit, Probit..