What is Ontology (ONT)?

Jun 21, 2018 at 19:04

Coin overview

Ontology: Removing Barriers Between Businesses and Blockchain

Started by Chinese developer Onchain in 2017, Ontology is a public multi-chain platform to help companies utilize the blockchain technology into their businesses and processes easily.

Ontology presents an open and standardized platform to serve any kind of business—no matter what size and industry you are in—and proposes to resolve issues of trust, identity, authentication, verification, and authorization.

WIth Ontology, you no longer have to master how to integrate the blockchain technology into your infrastructure.

Its network provides an avenue for different sectors (such as finance, media, payments, medical field, etc.) to have a secure data storage, data verification, data exchange, encrypted data analysis, among others.

At the core of the project is Ontology Trust Framework which allows interconnection of different networks by building on trust through technology, through legal systems, and through community.

Through the trust network, all data resources—people’s identity, wealth, health etc.—are managed and verified and those verified applications are linked together forming accurate, trusted and verifiable information for all participants.

Ontology’s native coin is called ONT, which will be used on its service. Patterned after NEO, ONT token holders will also receive ONT GAS (ONG).

Where to buy?

The only available ONT tokens are the ones in circulation. ONT is available for trading in Binance, OKEx, Huobi, Gate.io, Upbit, BCEX, Kucoin, Hotbit, HitBTC, Bitbns, Switcheo Network and Koinex.

Is it mineable?

ONT has no mining feature. ONT is planned to have a maximum supply of 1 billion, of which the first 20 million were airdropped to NEO holders while the rest will be airdropped after the MainNet launch.