1 Level
40 Review
24 Karma
Review on Ontology by Aniruddh Ravel
Ontology ecosystem
Chinese project from the NEO umbrella, as far as I know, and thus NOT Ethereum related (like is erroneously mentioned in the project profile details), I believe. Besides that, they have their own blockchain and so ONT is a native coin. According to their own words: "A new high-performance public multi-chain project & A distributed trust collaboration platform". The project is very high tech with a lot of different applications. And they have recently introduced a sharding implementation appearantly.
One thing that definitely speaks for them is that their ICO consisted of various airdrops, so unless I missed something, tokens weren't for sale. There is one concern, however, which might be largely related to the airdrops, however i couldn't really find out when most of the airdrops occurred. It seems the team has a large control of the token supply, however I couldn't yet find precise details on that either.
Pros
- Huge backup from china so many chinese leaders support ontology
- Aqquired huge market cap
- They haven't done ico they started with ontology with airdrops
- Great project with have already enabled huge smart contract ecosystem
- Ontology aims to use cryptographic techniques
Cons
- Although a strategic partnership exists between NEO and Ontology, one can hardly deny the fact that both have similar models of functionality
- Chinese government is often said to be a supporter of the NEO project, there is no denying that it basically harbours a rather strong anti-crypto stance.
