1 Level
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7 Karma
Review on Ontology by QUAN VU VAN
Ontology isn’t trying to be a currency like Bitcoin. It’s not even trying to…
Ontology isn’t trying to be a currency like Bitcoin. It’s not even trying to be the next Ethereum. What it is doing is acting as the Robin to NEO’s Batman. Together, they’re a powerful team with the potential to disrupt the business world using blockchain technology. Onchain certainly understands why so many institutions are hesitant to adopt blockchain technology. Whether or not Ontology will convince these late bloomers to join the party remains to be seen, but it’s one of the best shots we’ve seen so far.
Pros
- ONT tokens, which began trading in early March, were unusual in that they were not subject to a public ICO. Instead, 20m ONT tokens were airdropped to the NEO community. Like NEO, ONT token holders accumulate their own version of Gas, ONG. Although separate entities, the CEO of Onchain, Da Hongfei, is also the one of the founders of NEO.
Cons
- The Ontology ONG token is not related to the onG.social coin listed on CoinMarketCap and a handful of exchanges as ONG. That is an Ethereum ERC-20 token from OneName Global, Inc, a Delaware-based social media dashboard that runs both on the Ethereum and Waves blockchains. They’re separate projects that just happened to choose the same three-letter designation, which could mean ONG is listed with a different callsign on exchanges.
