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[ONT] A New Public Multi-Chain Project & A Distributed Trust Collaboration Platform

Ontology provides new high-performance public blockchains that include a series of complete distributed ledgers and smart contract systems. At the same time, Ontology blockchain framework supports public blockchain systems and is able to customize different public blockchains for different applications. Ontology supports collaboration amongst chain networks with its various protocol groups.

ONT Rating Report

The rating of ONT is BB. At present, ONT is still in its infancy and carries a degree of risk. There is much uncertainty about its future development. ONT plans to use chain network to build a trusted network, aiming to overcome weaknesses of established general platform projects. However, the ambitious goal and long-range roadmap add more uncertainty to its landing. As for economic model design, on the basis of the double-token mechanism of NEO, ONT has made some improvements and its innovative incentive mechanism made it fairer. Meanwhile, its offline council governance practices combine with online incentive mechanism, which contributes to its ecological construction. ONT has a team with profound technical background. Among its cooperative partners, there are famous venture capital firms as well as blockchain-related technology companies. Its ecological construction and development will benefit from the participation of these partners. However, due to its infancy situation, community participation and development heat on Github continue to be low. Besides, though ONT token has been listed on many large exchanges, there is a certain degree of speculative risk in the market.
Coin Bureau

Ontology (ONT): A Distributed "Trust" Collaboration Platform

Ontology is a project that is trying to develop a high performance public blockchain and it was launched on 27th of November 2017. Ontology aims to manage and connect resources that help to identify individuals as well as financial records. It will make use of blockchain oracles to link traditional centralised systems with newer blockchain technology. The hope of the project is to establish trust between counterparties where identity and financial records are required. Ontology was developed by Onchain which are the same individuals who are behind the NEO project. Ontology was airdropped to all NEO token holders at various intervals over the past year. ONT tokens (NEP 5 standard) will have a maximum supply of 1 billion tokens. This large supply means that ONT is one of the few cryptocurrencies that is not divisible. Only 12% of the ONT total supply will be distributed to the community whereas the rest will either be held by institutions, Ontology or the NEO council. More ONT supply will slowly be released over a period of 22 years with 16 percent generated in year one, 52 percent generated by year four, and 80 percent generated by year 12. ONT is quite liquid and is available on a number of exchanges. Volume to market cap is relatively high although the tokens are still quite volatile given their connection to NEO.
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Ontology MainNet, Ontology 1.0, was launched on June 30th, 2018. Ontology 1.0 provides new high-performance public blockchains that include a series of complete distributed ledgers and smart contract systems, and at the same time supports public chain customization and chain network collaboration, while continuously providing common modules in various distributed applications. Public chain basic services, high-performance customizable blockchain framework, and protocol groups are the three key components of Ontology’s infrastructure. Ontology 1.0 includes a decentralized identity authentication protocol, distributed data management protocol, and credit score protocol. At the application level, the integrated client product (ONTO), trust search engine, and distributed data exchange framework will provide strong technical support. The circulating supply of 53.75% refers to all ONT without lock periods (ONT that can be transferred, but not necessary ONT that can be traded at the moment). For example, the community portion is unlocked ready for distribution in upcoming events. Ontology has already begun many technical partnerships, and several enterprises plan to build applications on Ontology. We are also planning future community airdrops. In the future Ontology will publish periodical reports which will further introduce this, as well as ONT circulation, distribution, and lock periods. Below is ONT's distribution proportions with the circulating supply in brackets: - Ontology Community: 12% (12%) - Institutional Partners: 28% (6%) - NEO Council: 10% (10%) - Ontology Ecosystem Development: 25% (12%) - Ontology Technical Community Reward: 10% (10%) - Ontology Core Team: 15% (3.75%)