Price
$0.18
11/28/2022, 9:45:28 PM
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Market

Market stats

Market cap

$153.6M

Volume (24h)

$12.0M

Circulating supply

875.2M ONT

All time high

$11.18

Price change (1h)

Not enough data

Price change (24h)

-3.69%

Price change (7d)

+3.59%

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Ontology is on the rise this week.

The price of Ontology has risen by 3.59% in the past 7 days. The price declined by 3.69% in the last 24 hours. The current price is $0.1756 per ONT. Ontology is 98.43% below the all time high of $11.18.

The current circulating supply is 875,249,524 ONT.

About

Ontology is a cryptocurrency that describes itself as a “high-performance public multi-chain project and a distributed trust collaboration platform.” It’s designed to help businesses use blockchain technology by offering tools such as identity verification and data exchange.

What Is Ontology (ONT)?

Ontology is a next-generation network of public blockchains that offers combined support for smart contracts and ledger accounts. The platform aims to offer low-cost, high-speed, and decentralized identity and data solutions to Web3. Web3 is considered the next phase of web or internet evolution created on the concept of user utility, openness, and decentralization. 

Ontology focuses on increasing the trust, transparency, and privacy of its users and companies. The purpose behind this is to provide flexibility in creating blockchain-based solutions that match users’ needs within the regulatory compliance. Through its Ethereum Virtual Machine (EVM), the asset makes sure to provide smooth compatibility with Ethereum. The vision of Ontology is to protect the data and identity of users through encryption. The platform has also developed several products, including:

  • Ontology Trust Ecosystem: This includes ONTO, a primary crypto wallet application of Ontology. 

  • Ontology Authenticator:A claim management tool that increases the efficiency of signing servers for mobile apps useful for developers.

  • OWallet:A digital wallet that facilitates multi-signature technology and many other features. 

  • Explorer: A public verifier system that offers monitoring blockchain activity.

 Ontology functions on a dual-token model: Ontology (ONT) and Ontology Gas (ONG). Both tokens power its network and are essential for the ongoing operations on the Ontology public blockchain. ONG token is used on the network to pay for transactions and fees. In comparison, the ONT token is the primary mode of transferring and storing value on the Ontology network. Token holders are allowed to vote on proposed upgrades, changes, and project direction. In exchange for ONG rewards, users can stake ONT, as they contribute to the stability and security of the network.

History of Ontology (ONT)

Ontology was officially released on November 27, 2017, and joined the Decentralized Identity Foundation on December 12, 2017. The platform released its whitepaper 2.0 on July 09, 2019. Jun Li is the founder of the Ontology platform and has over 17 years of experience in fintech and IT. In addition, the other founding team members include Gloria WU (chief of Ecosystem Partnerships), Erick Pinos (Americas Ecosystem lead), Humpty Calderon (head of community), Dr. Kendall MAO (chief scientist), Morio Katayama (Japan Ecosystem lead), and Ning HU (chief of technology).

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FAQ

What is the current price of Ontology?

The price of 1 Ontology currently costs $0.18.

What is the market cap of Ontology?

The current market cap of Ontology is $153.64M. A high market cap implies that the asset is highly valued by the market.

What is the all time high of Ontology?

The all-time high of Ontology is $11.18. This all-time high is highest price paid for Ontology since it was launched.

What is the 24 hour trading volume of Ontology?

Over the last 24 hours, the trading volume of Ontology is $12.05M.

What other assets are similar to Ontology?

Assets that have a similar market cap to Ontology include Dogelon Mars, IOST, 0x, and many others. To see a full list, see our comparable market cap assets.

How many Ontology are there?

The current circulating supply of Ontology is 875 million.