What is Ontology (ONT) Coin
Ontology is a high performance, open source blockchain specializing in digital identity and data. Ontology’s unique infrastructure supports robust cross-chain collaboration and Layer 2 scalability, offering businesses the flexibility to design a blockchain that suits their needs. With a suite of decentralized identity and data sharing protocols to enhance speed, security, and trust, Ontology’s features include ONT ID, a mobile digital ID application and DID used throughout the ecosystem, and DDXF, a decentralized data exchange, and collaboration framework
At its launch, Ontology chose to forego the popular initial coin offering (ICO) model in favor of a series of community distributions and airdrops of its ONT cryptocurrency, which began life as a NEP-5 token on the NEO blockchain.
This helped to quickly establish both organic price discovery and a passionate community and helped the project to avoid subsequent regulatory scrutiny.
For example, for a brief period any person who signed up for the Ontology newsletter received an airdrop of free 1,000 ONT, which reached a value of $10 per token soon after the token became listed on major exchanges like Binance. Ontology launched its own MainNet on June 30, 2018 and now operates independently from the NEO blockchain.
- Ontology is a high performance public blockchain and distributed collaboration platform. Ontology aims at solving the trust problem with blockchains, with a prime focus on issues such as identity security and data integrity. Ontology’s mainnet launch took place in July 2018.
- Some of its core features include a lightweight universal smart contract language (with WASM support), the support for multiple encryption algorithms, and the support for multiple consensus algorithms (e.g., VBFT, DBFT, RBFT, SBFT, PoW).
- The Ontology network is divided into three distinct layers. (1) The core layer is made of protocols and various chain groups. (2) The application layer is comprised of partners, application frameworks, and modules. (3) The user layer represents all users of the applications in Ontology’s ecosystem.
- The network relies on a dual-token model, with ONT (Ontology Token) and ONG (Ontology Gas). ONG tokens are distributed to ONT-holders and are used for on-chain transaction fees.
How To Buy Ontology (ONT) Coin
1.Step: Everyone who is planning to invest in or benefit from the advantages of cryptocurrencies wonders the answer to Where to buy Ont coin question. First, you need an online wallet to buy cryptocurrencies. You need to sign up to Binance exchange from here, which is preferred globally to buy coins and you can buy coins with fiat currencies. You can quickly access many assets and trade types such as altcoins, future markets, and margin by creating a Binance account.
2.Step: Complete your registration by typing an email to the email section or typing your phone number on the section available on the mobile tab. Click/tap on the “Buy Crypto with Your Credit Card” option after the registration and verify your identity.
3.Step: Continue the process by typing the amount you would like to invest and your preferred cryptocurrency. Keep in mind that for security reasons, your credit card/debit cardholder information must match with the name available on your account. If you would like to buy cryptocurrencies with a wire transfer, you need to follow the Buy Crypto > Third-Party Payment options to pick your preferred fiat currency to buy cryptocurrencies.
4.Step: If the cryptocurrency you are planning to buy is not available on the list, buy USDT “You can always redeem 1 USDT Coin for US $1.00”. You can buy any coin you want with USDT by following Buy-Sell > Classic steps. We have provided the answer to How to buy Ontology coin, now you can view the cryptocurrencies you bought by clicking on the wallet summary available on your Binance account. You can sell your assets when their value increases, or you can withdraw them to your bank account in desired fiat currency.
How Much is a Ontology (ONT) Coin
Ontology (ONT) coin prices are updated instantly in USD, Euro, Sterling currencies in the following table.
Ontology (ONT) Coin Review
You can learn more about Ontology (ONT) coin reviews and information on cryptocurrencies by visiting their official page available in the following.
Website https://ont.io/ Whitepaper https://ont.io/wp/Ontology-Introductory-White-Paper-EN.pdf Github https://github.com/ontio Medium https://medium.com/ontologynetwork Documentation https://dev-docs.ont.io/#/docs-en/ Telegram https://t.me/OntologyAnnouncements Discord https://discord.com/invite/4SrrJy2zHe Youtube https://www.youtube.com/channel/UCXzLZJgDglAWRU0b2GOa7pA