Ontology (ONT) Price Reaches $0.21 on Exchanges

Ontology (ONT) traded 6.4% higher against the dollar during the twenty-four hour period ending at 14:00 PM ET on June 25th. Over the last week, Ontology has traded up 9.9% against the dollar. One Ontology coin can currently be purchased for $0.21 or 0.00000346 BTC on popular cryptocurrency exchanges. Ontology has a market capitalization of $194.03 million and $6.04 million worth of Ontology was traded on exchanges in the last day.

Here is how related cryptocurrencies have performed over the last day:

  • Ethereum (ETH) traded 3.5% higher against the dollar and now trades at $3,410.76 or 0.05501447 BTC.
  • Cardano (ADA) traded 7% higher against the dollar and now trades at $0.40 or 0.00000639 BTC.
  • Avalanche (AVAX) traded up 5.6% against the dollar and now trades at $25.50 or 0.00041135 BTC.
  • NEAR Protocol (NEAR) traded up 5.6% against the dollar and now trades at $5.55 or 0.00008951 BTC.
  • Uniswap (UNI) traded 6% higher against the dollar and now trades at $9.49 or 0.00015301 BTC.
  • Internet Computer (ICP) traded 6.6% higher against the dollar and now trades at $8.32 or 0.00013422 BTC.
  • Hedera (HBAR) traded up 6.1% against the dollar and now trades at $0.0796 or 0.00000128 BTC.
  • Cosmos (ATOM) traded 4.8% higher against the dollar and now trades at $6.99 or 0.00011269 BTC.
  • Cronos (CRO) traded 7.4% higher against the dollar and now trades at $0.0940 or 0.00000152 BTC.
  • Fetch.ai (FET) traded 10.8% higher against the dollar and now trades at $1.59 or 0.00002571 BTC.

About Ontology

ONT is a proof-of-stake (PoS) coin that uses the VBFT hashing algorithm. Its genesis date was November 27th, 2017. Ontology’s total supply is 1,000,000,000 coins and its circulating supply is 905,697,857 coins. The Reddit community for Ontology is https://reddit.com/r/ontologynetwork and the currency’s Github account can be viewed here. Ontology’s official website is ont.io. The official message board for Ontology is medium.com/ontologynetwork. Ontology’s official Twitter account is @ontologynetwork and its Facebook page is accessible here.

According to CryptoCompare, “## What is Ontology?

Ontology is a blockchain platform that aims to provide an infrastructure for the development of decentralized applications (dapps) and the integration of various digital systems. It uses a dual token model that consists of the ONT token and the ONG token. The ONT token is the main token used on the Ontology platform, while the ONG token is used to pay for transaction fees and network usage.

Ontology aims to provide a flexible and modular framework for the development of dapps and the integration of digital systems across different industries, such as finance, healthcare, and supply chain management. It uses a combination of smart contracts, identity solutions, and data exchange protocols to enable secure and efficient data sharing and collaboration.

## Who created Ontology?

Ontology was created by a team of developers led by Jun Li, who is also the founder of Onchain, a blockchain development company that has been involved in several blockchain projects in China. The Ontology team includes individuals with backgrounds in blockchain technology, computer science, finance, and other related fields.

## What is Ontology used for?

Ontology is primarily used as a blockchain platform for the development of decentralized applications (dapps) and the integration of various digital systems. The platform aims to enable secure and efficient data sharing and collaboration across different industries and use cases, such as supply chain management, healthcare, and finance.

The ONT token is used as the main token on the Ontology platform and can be used for a variety of purposes, such as staking, governance, and as a means of exchange for services and products offered within the Ontology ecosystem. The ONG token, on the other hand, is used to pay for transaction fees and network usage, similar to gas fees on the Ethereum network.

Overall, Ontology aims to provide a flexible and modular infrastructure for the development of dapps and the integration of digital systems, while using a dual token model to enable efficient network usage and incentivize network participation.

Previously a NEO-based token, the ONT has now launched his mainnet. It will serve as the utility token within the platform.”

Buying and Selling Ontology

It is usually not presently possible to buy alternative cryptocurrencies such as Ontology directly using US dollars. Investors seeking to acquire Ontology should first buy Bitcoin or Ethereum using an exchange that deals in US dollars such as Changelly, GDAX or Coinbase. Investors can then use their newly-acquired Bitcoin or Ethereum to buy Ontology using one of the aforementioned exchanges.

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