Review on Ontology by alexander hanje
ontology coin
In total, there will be 1 billion coin ONTs, of which about 207 million coins are currently in circulation, and the value of each coin ONT at the time of writing is $ 1.72, after all, 1 billion coin ONT. Enter the market cycle, no more ONT will be created. As the ONT cryptocurrency is still in its early days, it is currently a NEP5 token operating on the Neo blockchain platform.
This token is similar to ERC20 tokens that are only compatible with ethereum blockchain. As soon as the MainNet ontology network is launched, the ONP token will then be replaced with a new coin that is unique to the ontology blockchain. When the main network launch takes place, there will be a second encrypted currency called Ontology Gas and the abbreviation (ONG) that will turn Ontology into a two-token platform. The ONG goal is similar to the Gas NEO token, which basically allows people to earn trading fees while helping to maintain blockchain.
Since its release, coin anthology has grown in value. However, its ability to grow further will depend on the partnerships it creates. In fact, a large company in China alone can quickly raise the price of coin ontology!
Pros
- Ontology would be ideal for businesses of different sizes, as no previous knowledge of blockchain technology is required.
- The number of industrial sectors that will benefit from ontology coin is endless.
Cons
- Ontology operates in one of the toughest countries for regulating cryptocurrency, China.
