Real-time ONT price analysis
Ontology’s current real-time price is $0.2599and its trading volume is equal to US$9,764,169 in the last 24 hours. ONT price has fell on
0.14%
on the last day and increased by
5.11%
in the last 7 days. It is important to note that Ontology’s current market capitalization is US$227,486,516and the maximum offer is 1,000,000,000 ONT coins. Speaking of negotiable supply, ONT has 875 249 524 coins. Ontology’s current market ranking is #214.
Ontology price today
97.67%
below
always on top and that’s it
677.43%
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 ONT 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 Ontology?
Coin of Ontology or ONT indivisible Ontology network’s own token. The latter is public Layer 2 blockchain, which provides the necessary tools for businesses and organizations all sizes implement blockchain technologies into your daily activities. In other words, this opens the way for Web3 access.
ONT is one of the two main tokens underlying the blockchain. Its main functions are related to value transfer and storage. By delegating your Ontology tokens to the selected operator, holders grant this operator their management rights. This means that the operator can submit proposals and vote on other proposals.
The total supply of Ontology coins is 1,000,000,000, making the total supply deflationary. Thus, there is a possibility that the price of ONT will increase as the coin becomes more scarce.
Another Ontology blockchain token is called the Ontology Gas token or ONG, which is mainly used for paying fees and executing smart contracts.
Network participants who wish to contribute to network security can stake your ONT tokens and get ONG in return.
You can obtain ONT through large centralized and decentralized exchanges. Be sure to do your research before making any purchases. You can start by checking Ontology’s price history and the current ONT 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 goal is to facilitate the 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 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.
What is Ontology’s trading volume in the last 24 hours?
ONT has trading volume US$9,764,169 in the last 24 hours.
What is the highest price for Ontology?
ONT has the highest price $11.18which was achieved at May 03, 2018 (5 years 9 months ago).
What is the lowest price on Ontology?
ONT has the lowest price $0.0334which was achieved at December 11, 2022 (1 year 2 months ago).
Which exchanges are best for buying and selling ONT?
Currently the most active and dominant exchanges for buying and selling Ontology are Binance, Kraken & Kucoin. The most popular Ontology trading pairs ONT/KRW
(on
Upbit
),
ONT/USDT
(on
Binance
),
ONT/USDT
(on
Huobi Global
). 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 ONT?
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. For exclusive discounts and promotions on the best crypto wallets, visit Catalog of crypto trades.
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A cryptocurrency exchange is an online platform where you can buy, sell, or trade cryptocurrencies like Bitcoin, Ethereum, and others.
Safety varies by exchange. Look for platforms with strong security measures, like two-factor authentication and cold storage for funds.
Consider factors like security, fees, available coins, user interface, and customer support.
Centralized exchanges are managed by a company, while decentralized exchanges operate without a central authority.
Many exchanges require Know Your Customer (KYC) verification for security and regulatory compliance.
Trading fees vary but typically include maker fees (for adding liquidity) and taker fees (for removing liquidity).
Yes, most exchanges offer cryptocurrency-to-cryptocurrency trading pairs.
Withdrawal times depend on the exchange and the cryptocurrency. Some are instant, while others may take hours or even days.
A wallet address is like a bank account number for cryptocurrencies. It’s required to send your crypto to the right place.
Yes, depending on your country’s tax laws, trading cryptocurrencies may have tax consequences. Consult a tax professional for guidance.
Yes, many cryptocurrency exchanges operate 24/7, allowing you to trade at any time.
A market order buys or sells at the current market price, while a limit order sets a specific price at which you want to buy or sell.
Yes, each exchange sets its own minimum and maximum trading limits, which can vary widely.
It’s not recommended. For security, it’s better to use a cryptocurrency wallet, especially for significant holdings.
Exchanges typically have account recovery processes, including password reset options and support for forgotten usernames.
Some exchanges offer insurance, but coverage can be limited. It’s essential to check an exchange’s insurance policy.
Use strong passwords, enable two-factor authentication, and be cautious of phishing scams and suspicious emails.
Yes, but it’s recommended to learn the basics of trading and understand the risks involved before you start.
Stablecoins are cryptocurrencies pegged to the value of a fiat currency like the US dollar. They provide stability and are commonly used for trading and transferring funds on exchanges.
Yes, regulations vary by country. Many countries have implemented or are considering regulations to govern cryptocurrency exchanges for consumer protection and financial stability.
