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 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.

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).

We update our Ontology to GBP currency in real-time. Get the live price of Ontology on Coinbase.

The current market cap of Ontology is £33.63M. A high market cap implies that the asset is highly valued by the market.

The all-time high of Ontology is £8.35. This all-time high is highest price paid for Ontology since it was launched.

Over the last 24 hours, the trading volume of Ontology is £2.065M.

Assets that have a similar market cap to Ontology include Movement, AppLovin tokenized stock (xStock), Bedrock, and many others. To see a full list, see our comparable market cap assets.

The current circulating supply of Ontology is 1 billion.