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What is Ontology (ONT)?

Ontology is a blockchain platform designed to provide Web3 infrastructure. It supports multiple blockchains, enabling them to communicate with each other, and facilitates the creation of decentralized applications. Ontology aims to offer individuals and businesses regulatory-compliant and privacy-focused solutions. It operates using a dual-token system: Ontology (ONT) with a fixed supply, serves as a store of value and governance token, and Ontology Gas (ONG), is used for transaction fees and smart contract deployment. Key components of the Ontology ecosystem include ONT ID for decentralized identity management, ONTO Wallet for digital asset storage and exchange, Wing Finance, and SAGA. ONT holders can stake their tokens to earn ONG rewards and participate in network governance. ONT can be...

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