Real-time ONG price analysis
The current real-time price of Ontology Gas is $0.3438and its trading volume is equal to US$5,942,153 in the last 24 hours. ONG price has grew by
0.41%
on the last day and increased by
5.33%
in the last 7 days. It is important to note that Ontology Gas’ current market capitalization is US$127,728,349and the maximum offer is 1,000,000,000 ONG coins. Speaking of revolving supplies, ONG has 371 512 500 coins. Ontology Gas currently has a market rating of #309.
Ontology Gas price today
92.51%
below
always on top and that’s it
773.98%
higher
always at a low level.
All data and prices are updated in real time. The most active and popular exchanges for buying or selling ONG are Binance, Kucoin & Kraken. Find more cryptocurrency exchange options on our Cryptocurrency exchange tracker. The most secure hardware wallets to store your cryptocurrency: Ledger And Trezor.
What is ontological gas?
The Ontology Gas token, or ONG, is one of the two native tokens of the Ontology network. The latter is public Layer 2 blockchain, which provides businesses and organizations of all sizes with the necessary tools to implement blockchain technologies in your daily activities. In other words, this opens the way for Web3 access.
The Ontology Gas token or ONG is primarily used to pay fees and execute smart contracts.
Another Ontology blockchain token is called ONT, an indivisible native token. Its main functions are related to value transfer and storage. By delegating their Ontology tokens to a chosen operator, holders grant that operator their governance rights.. This means that the operator can submit proposals and vote on other proposals.
Network participants who want to contribute to the security of the network can stake their ONT tokens and receive ONG in return.
There are a total of 1,000,000,000 Ontology Gas tokens available.
For more information, you can view Ontology’s price history or ONG’s current price in the chart above.
What are the main features of ontology?
As discussed in the “What is an Ontology” section, we have established that an Ontology is a public blockchain. Its main purpose is to promote smooth implementation of blockchain technologies in any type of business. This way, they won’t have to worry about changing their entire system just to try out blockchain technologies.
Moreover, Ontology users can choose whether they want to work through a public or private blockchain.
It was initially launched on the NEO blockchain with dual tokens based on the NEP-20 standard. However, with the launch of Ontology’s own network – Ontology 1.0, the project was transferred to its own blockchain.
The ontology operates using a unique combination of consensus protocols. They include consensus algorithms Proof of Stake (PoS) And Byzantine fault tolerance (BFT) and a cryptographic function called verifiable random function (VRF). This ensures that only users who have set up a node on the ONT network will be able to stake their tokens.
Interoperability is one of the main features of Ontology. Installed via three virtual machines: Ontology Ethereum Virtual Machine (Ontology EVM), Neo Virtual Machine (NeoVM), And Wasm Virtual Machine (WasmVM)).
In addition to the unique infrastructure for integrating blockchain technologies, Ontology offers many unique products and services, such as:
- ONTO wallet – cross-chain digital wallet;
- ONT ID – a completely decentralized identification system to protect information inside and outside the chain;
- Wing Finance – inter-network lending protocol based on a reputation assessment system;
- SAGA is a decentralized data protocol where users can buy and monetize data.
Who developed the ontology?
The Ontology crypto project was launched in 2017 by OnChain. The latter is a blockchain technology company based in Shanghai, China. It was founded in 2014 Da Hongfei, Eric ZhangAnd Jun Li. One of their first projects was the Antshares network, which was later renamed NEO and grew into a multi-billion dollar enterprise.
As discussed above, NEO was the main blockchain of the Ontology crypto project until mid-2018.
Be sure to check out the chart above, which will give you more details about Ontology’s pricing and the project itself.
What is Ontology Gas trading volume in the last 24 hours?
ONG has trading volume US$5,942,153 in the last 24 hours.
What is the highest price ever for Ontology Gas?
ONG has the highest price $4.59which was achieved at September 28, 2018 (5 years 4 months ago).
What is the lowest price for Ontology Gas?
ONG has the lowest price US$0.0393which was achieved at March 13, 2020 (3 years 11 months ago).
Which exchanges are best for buying and selling ONG?
Currently the most active and dominant exchanges for buying and selling Ontology Gas are Binance, Kraken & Kucoin. The most popular Ontology Gas trading pairs ONG/KRW
(on
Upbit
),
ONG/USDT
(on
Binance
),
ONG/USDT
(on
Gate.io
). Go to Catalog of crypto trades to access customized and exclusive discounts, vouchers and welcome bonuses from the most popular exchanges.
Which hardware wallets are the most secure for storing ONG?
According to the process of in-depth analysis and testing, Ledger And Trezor are one of the most secure and popular hardware wallet options for storage Ontology Gas. For exclusive discounts and promotions on the best crypto wallets, visit Catalog of crypto trades.
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