Ontology (ONT)

The exchange rate of one ONT at 16:13 UTC is 0.3052$

Chart | Average rate

“Ontology” was founded by Li Jun in 2017 to build the infrastructure to provide reliable access to Web3. This allows individuals and businesses to be confident that user privacy comes first.

The Ontology blockchain is a high-speed, low-cost public blockchain. It is designed to implement decentralized identity and data processing solutions on Web3 to improve privacy, transparency and trust. To achieve this goal, users and businesses are given the flexibility to create blockchain-based solutions that suit their needs. The platform is built on the Ethereum virtual machine, which ensures full compatibility with Ethereum.

At launch, Ontology decided to abandon the popular Initial Coin Offering (ICO) model in favor of an airdrop.

This helped to quickly set the price and build a passionate community, and helped the project avoid subsequent scrutiny from regulators.

For example, for a short period of time, anyone who subscribed to the Ontology newsletter received a free newsletter of 1,000 ONT. After the token started trading on the main exchanges, its value reached $10.

In 2018, Ontology launched its own MainNet.

Ontology offers many real-world use cases and allows companies to build their own blockchain on top of the Ontology blockchain. This provides businesses and organizations with more flexibility, allowing them to create custom blockchains to suit their specific needs.

The network currently supports three virtual machines (Ontology EVM, NeoVM, WasmVM), which helps overcome development barriers and provides a familiar environment for those who want to create with Ontology. This is the basic infrastructure that makes it easy to create cross-chain for Web3. Due to the ease of use, working with the platform is accessible even for non-professionals.

Behind the project, of course, is a close-knit team of a large number of experts in various fields (blockchain technology, distributed application development, business management, etc.) who understand the problems and thanks to the connections with NEO, it is likely that Ontology will continue to grow and prosper, satisfying the needs of the business world in the blockchain.