Question 1

What is Ontology?

Accepted Answer

Ontology is a high-performance, enterprise-ready blockchain platform that aims to provide a versatile foundation for a wide range of real-world applications. The platform focuses on facilitating seamless collaboration between the blockchain and legacy systems, offering robust tools for identity verification, data exchange, and other business processes. Ontology is designed to be customizable and modular, allowing businesses to deploy their own blockchain solutions without having to start from scratch.

Question 2

Who created Ontology?

Accepted Answer

Ontology was created by a Chinese company called Onchain, which is led by co-founders Da Hongfei and Erik Zhang. Onchain is also associated with NEO, another prominent blockchain platform. The Ontology project aims to expand the capabilities of blockchain technology beyond cryptocurrencies to empower businesses to adopt blockchain for various applications. It was launched to help bridge the gap between the decentralized world of blockchain and real-world business needs.

Question 3

What is $ONG used for?

Accepted Answer

Ontology Gas ($ONG) is the utility token of the Ontology network, functioning in a dual-token system alongside the Ontology (ONT) token. $ONG is used to power transactions and operations on the Ontology blockchain. Specifically, it is used to pay for transaction fees, execute smart contracts, and perform other computational tasks within the network. Additionally, $ONG acts as an incentive mechanism, as it is generated over time and distributed to ONT holders who have staked their tokens in the network. This encourages active participation and maintenance of the Ontology ecosystem, ensuring its long-term sustainability and development.

***The official Ontology Gas token ticker is “ONG” and trades under that name on all the exchanges where it has been listed. The designation “ONGAS” is for CryptoCompare.com only.***

#	Instrument	Exchange	Benchmark Score	Price	24h Change	24h Volume	24h Trades	24h Open	24h High
1	ONGAS-USDT ONGUSDT	binance	AA	0.09063USDT	0.24%	4,462,634.00ONGAS	8,476	0.09041USDT	0.09182USDT
2	ONGAS-USDT ONG_USDT	gateio	A	0.09016USDT	-0.25%	114,136.64ONGAS	412	0.09039USDT	0.09153USDT
3	ONGAS-USD ONG_USD	cryptodotcom	AA	0.09290USD	0.00%	0ONGAS	0	0.09290USD	0.09290USD
4	ONGAS-USD ONGUSD	cexio	BB	0.08910USD	-1.69%	235.35ONGAS	1	0.09063USD	0.09063USD
5	ONGAS-USDT ONGUSDT	cexio	BB	0.09040USDT	0.41%	219.66ONGAS	1	0.09003USDT	0.09040USDT
6	ONGAS-EUR ONGEUR	cexio	BB	0.07961EUR	-0.94%	219.66ONGAS	1	0.08037EUR	0.08037EUR
7	ONGAS-KRW KRW-ONG	upbit	B	122.00KRW	0.00%	5,723,712.35ONGAS	1,420	122.00KRW	124.00KRW
8	ONGAS-USDT ONG_USDT	coinw	-	0.09060USDT	0.18%	1,612,592.92ONGAS	2,824	0.09044USDT	0.09160USDT
9	ONGAS-KRW ONG_KRW	bithumbkorea	-	122.00KRW	-0.81%	1,058,870.89ONGAS	216	123.00KRW	124.00KRW
10	ONGAS-USDT ONG_USDT	bitunix	C	0.09060USDT	0.24%	907,015.00ONGAS	6,474	0.09038USDT	0.09164USDT
11	ONGAS-USDT ONG_USDT	bydfi	-	0.09060USDT	0.11%	855,297.00ONGAS	1,484	0.09050USDT	0.09170USDT
12	ONGAS-USDT ONG-USDT	bigone	-	0.09210USDT	2.33%	643,015.92ONGAS	5,367	0.09000USDT	0.09220USDT
13	ONGAS-USDT ONGUSDT	mexc	C	0.09058USDT	0.21%	635,655.04ONGAS	3,386	0.09039USDT	0.09164USDT
14	ONGAS-USDT ong_usdt	digifinex	D	0.09070USDT	0.33%	139,467.00ONGAS	2,680	0.09040USDT	0.09150USDT
15	ONGAS-EUR ONG-EUR	bitvavo	B	0.08207EUR	0.00%	0ONGAS	0	0.08207EUR	0.08207EUR
16	ONGAS-INR ONGINR	coindcx	-	9.25INR	3.95%	9,170.18ONGAS	15	8.90INR	9.25INR
17	ONGAS-USDT ONGUSDT	binanceusa	B	0.09000USDT	12.92%	955.00ONGAS	3	0.07969USDT	0.09000USDT
18	ONGAS-KRW ONG_KRW	coinone	C	122.00KRW	0.00%	286.90ONGAS	2	122.00KRW	122.00KRW
19	ONGAS-USDT ONGUSDT	coinex	C	0.08683USDT	0.00%	0ONGAS	0	0.08683USDT	0.08683USDT
20	ONGAS-USDT ONGUSDT	hitbtc	E	0.0₄1000USDT	0.00%	0ONGAS	0	0.0₄1000USDT	0.0₄1000USDT