ONT

ONTONT

Ontology
$0.845200
-0.76%
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  • Market Cap
    $487,977,209
  • 24h Vol (Global)
    ฿4,422 ($38,657,586)
  • Circulating Supply
    577,351,170
  • Issue Date
    2018-02-26
  • Issue Price
    $0.200000
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Max SupplyCirculating SupplyIssue DateIssue PriceConsensus ProtocolExplorer
1,000,000,000577,351,1702018-02-26$0.200000VBFT1
explorer.ont.io
Total SupplyCryptographic AlgorithmSource CodeWhite PaperWebsiteType
1,000,000,000SHA256https://github.com/ontiohttp://ont.ioCOIN

General Data and Information Ontology is a public blockchain project with distributed data collaboration aiming to build a peer to peer cross system trust network. Ontology trust network provides a strategic cooperation of data systems and trust sources. This network is composed of decentralized identity verification systems, multi factor authentication, distributed ledger technology and distributed data exchange All business types can be applied to Ontology blockchain technology without the need of users having prior knowledge on distributed networks. Led by a global blockchain expert team, Ontology provides distributed infrastructure to various businesses and decentralized applications. Ontology aims to bind decentralized digital world to the real world using “Ontology Common” or “Ontology Custom” designs. These designs enable secure end effective decentralized systems. Ontology’s ecosystem can be divided into three categories: The Technological Ecosystem, The Application Ecosystem and The Governance Ecosystem. Ontology system architecture has a flexible design allowing for expansions and support for ever growing applications. The businesses Ontology aims to support include distributed ledgers, smart contracts, distributed authentication protocols, distributed data exchange protocols, and more. The layers of Ontology network can be divided into three: core layer, application layer and user layer. Core layer is composed of protocols and chain groups, application layer is composed of partners, application frameworks and modules, and the user layer is composed of Ontology ecosystem application users. Partners hold great importance building the Ontology ecosystem. Milestones In 2017, Ontology was the first China based blockchain project to join DIF In 2018, Ontology released the VBFT consensus algorithm, announced the consensus economic model, released the ONTO app, was selected as a part of Microsoft Accelerator and announced their sharding design. In 2019, Ontology development platform was added to Google Cloud Marketplace, and Ontology multichain design, WASM Testnet and multichain testnet was released. Utility There are more than 2 million community contributors, 900 technical contributors, 190 partners and 200 team members in Ontology Blockchain Network. There are also 50 and growing dApps, 56 nodes and more than 517000 wallet addresses in Ontology Ecosystem. Ontology token uses VBFT, a combination of three different models of Proof of Stake (PoS), Byzantine Fault Tolerance (BFT) and Verifiable Random Functions (VRF). The application areas of Ontology include finance, payments, insurance, consumer, internet of things, media, software development, medicine, asset titles, and government activities such as voting systems. Significant Features Ontology brings solutions to current trust system flaws such as data fragmentation, individual's lack of role, monopolization of data management, false identity verification, transparency and security issues, weak reputation systems and insufficient community management. Ontology offers blockchain solutions presenting custom modules to businesses with issuable trust and verifiable identity systems. One of the key powers of Ontology is dealing with current real-life business issues instead of presenting a framework for future cases.

Teams
    Xianping MAO

    Xianping MAO

    Dean of Ontology Research Institute

    Mao holds a PhD in cryptography from Shanghai Jiao Tong University. He is committed to innovation and application research of blockchain underlying technology and cryptography, and has a deep understanding of blockchain consensus mechanisms, blockchain privacy protection, and data security. Mao has been in well-known international journals in the field of cryptography and has published more than ten related academic papers for conferences.

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    Elmond CONG

    Elmond CONG

    Senior Architecture Expert

    Cong studied computer science at Tsinghua University and is a professional in distributed systems and decentralized consensus algorithm design. He previously worked on distributed network protocols and distributed storage systems at Cisco and EMC, and later moved onto blockchain architecture design for large business groups. Cong excels in a range of blockchain structures and protocols, and participated in building the biggest alliance chain (between Union Pay, JD, CMB, and Wanda Group) in China. His work experience also includes crypto exchanges, supply chain, digital contracts, attestation, and other blockchain applications. He played a key role in Linux Foundation’s Hyperledger project and is certified as a blockchain performance assessment professional by China Electronics Standardization Institute. He also led a team and won second place in Hyperledger’s Asia Hackathon.

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    Ning HU

    Ning HU

    Senior Architecture Expert

    Hu is one of the first Semantic Web professionals in China. His experience includes enterprise resource planning, digitization of government affairs, gaming platforms, and media streaming. In 2008, he joined Project Halo, initiated by Paul Allen, Co-Founder of Microsoft, where his contributions included big data, artificial intelligence, work related to Semantic Web, etc. In 2013, Hu took part in setting up the Chinese division for Green Dot. He has rich understanding in banking finance and prepaid card services.

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    Andy JI

    Andy JI

    Co-founder

    Ji Zhoudong has substantial experience in blockchain technology, including being a leader of one of the Top 500 Blockchain groups, Deputy General Manager of Wanda Technology Group Innovation Center and Wanda’s Chief of Blockchain Technology, Deputy Secretary-General of China’s Ministry of Industry and Information Technology’s Blockchain Technology and Industrial Development Forum, a director of Hyperledger, a member of China’s delegation of ISO/IEC TC 307, and Deputy Director of the China Blockchain Ecosystem Alliance (CBEA). Ji has participated in China’s Ministry of Industry and Information Technology’s blockchain white paper and blockchain standards-related work, written several books on blockchain including a blockchain development textbook, and led many blockchain community events.

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    Jun LI

    Jun LI

    Founder

    Li has a rich academic background, including a Bachelor’s degree in Computer Science, Master’s in Communication Engineering, MBA, and PMP. He is a senior blockchain architect and blockchain solutions professional with 16 years’ work experience in IT and fintech. Li previously provided technical architecture, management, and planning support for top international IT firms and major Chinese financial exchanges. He has taken part in the architecture design and technical management of many major systems, and has built up multiple technical teams and systems from scratch. Li also has a profound knowledge of the finance industry, excelling at internal management and external communication.

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VC

    Sequoia

    From idea to IPO and beyond, the Sequoia team helps a small number of daring founders build legendary companies. We spur them to push the boundaries of what’s possible. In partnering with Sequoia, companies benefit from our unmatched network and the lessons we’ve learned over 45 years working with Steve Jobs, Larry Ellison, John Morgridge, Jerry Yang, Elon Musk, Larry Page, Jan Koum, Brian Chesky, Drew Houston, Adi Tatarko and Jack Dorsey, among many others. In aggregate, Sequoia-backed companies account for more than 20% of NASDAQ’s total value. We’re proud that their success also fuels great causes. The vast majority of money we invest is on behalf of non-profits and schools like the Ford Foundation, Mayo Clinic and MIT, which means that the returns generated from the incredible achievements of founders can make a massive difference.

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    Digital Horizon Capital ™(“DHVC”)

    Digital Horizon Capital ™(“DHVC”) is a Silicon Valley based venture fund. The team has been working together for over 10 years, bringing together a unique combination of diverse educational backgrounds, entrepreneurial experience, academic acumen, and deep industry connections. This wide array of skills allows DHVC to leverage resources optimally, in order to help all of our partners reach their fullest potential.

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    Matrix Partners China

    Matrix Partners began in Boston in 1977 as Hellman Ferri Investment Associates, one of the first firms on the east coast to have a startup technology focus. The firm was a founding investor in Apollo Computer, Stratus Computer and Continental Cable (now Comcast), and an early investor in Apple Computer. Matrix Partners China was established in 2008. Led by General Partners Bo Shao, David Su and David Zhang, Matrix Partners China invests in a variety of sectors including internet & mobile internet, financial services, healthcare and SaaS in China.

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    ZhenFund

    ZhenFund is a seed fund founded by former entrepreneurs to invest in the most promising innovators. New Oriental co-founders Bob Xiaoping Xu and Victor Qiang Wang established ZhenFund in 2011 in collaboration with Sequoia Capital China. ZhenFund now has a network of over 600 portfolio companies, including over 10 unicorns based in China. ZhenFund is honored to have been ranked “#1 Early-Stage Investment Firm” by Zero2IPO four years in a row 2014-2017.

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Introduction

General Data and Information Ontology is a public blockchain project with distributed data collaboration aiming to build a peer to peer cross system trust network. Ontology trust network provides a strategic cooperation of data systems and trust sources. This network is composed of decentralized identity verification systems, multi factor authentication, distributed ledger technology and distributed data exchange All business types can be applied to Ontology blockchain technology without the need of users having prior knowledge on distributed networks. Led by a global blockchain expert team, Ontology provides distributed infrastructure to various businesses and decentralized applications. Ontology aims to bind decentralized digital world to the real world using “Ontology Common” or “Ontology Custom” designs. These designs enable secure end effective decentralized systems. Ontology’s ecosystem can be divided into three categories: The Technological Ecosystem, The Application Ecosystem and The Governance Ecosystem. Ontology system architecture has a flexible design allowing for expansions and support for ever growing applications. The businesses Ontology aims to support include distributed ledgers, smart contracts, distributed authentication protocols, distributed data exchange protocols, and more. The layers of Ontology network can be divided into three: core layer, application layer and user layer. Core layer is composed of protocols and chain groups, application layer is composed of partners, application frameworks and modules, and the user layer is composed of Ontology ecosystem application users. Partners hold great importance building the Ontology ecosystem. Milestones In 2017, Ontology was the first China based blockchain project to join DIF In 2018, Ontology released the VBFT consensus algorithm, announced the consensus economic model, released the ONTO app, was selected as a part of Microsoft Accelerator and announced their sharding design. In 2019, Ontology development platform was added to Google Cloud Marketplace, and Ontology multichain design, WASM Testnet and multichain testnet was released. Utility There are more than 2 million community contributors, 900 technical contributors, 190 partners and 200 team members in Ontology Blockchain Network. There are also 50 and growing dApps, 56 nodes and more than 517000 wallet addresses in Ontology Ecosystem. Ontology token uses VBFT, a combination of three different models of Proof of Stake (PoS), Byzantine Fault Tolerance (BFT) and Verifiable Random Functions (VRF). The application areas of Ontology include finance, payments, insurance, consumer, internet of things, media, software development, medicine, asset titles, and government activities such as voting systems. Significant Features Ontology brings solutions to current trust system flaws such as data fragmentation, individual's lack of role, monopolization of data management, false identity verification, transparency and security issues, weak reputation systems and insufficient community management. Ontology offers blockchain solutions presenting custom modules to businesses with issuable trust and verifiable identity systems. One of the key powers of Ontology is dealing with current real-life business issues instead of presenting a framework for future cases.

Social Media
News
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2019-09-03
Ontology Monthly Report - July
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Binance Has Distributed First Batch of October Staking Rewards
2019-11-08
TechAMA Recap: A Guide to Ontology
2019-11-08
Sesameseed Creates the First Exchange on the Ontology Network
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CV Market Watch™: Weekly Crypto Trading Overview (October 25- November 1, 2019)
2019-11-01
Ontology Monthly Report — October 2019 (20 Languages)
2019-10-31
BiboxEurope Lists Ontology (ONT) in Drive to Support Promising Projects
2019-10-30
Binance Discontinues Support for Stellar (XLM) Staking
2019-10-30
Altcoins Prepare to Rally in the Shadow of Bitcoin’s Recent 42% Gain
2019-10-29
Ontology v1.8.0 Goes Live with Wasm!
2019-10-29
FTX Launches Futures on Index of 8 China Cryptos Amid Xi Blockchain Pump
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Chinese Traders FOMO into Altcoins
2019-10-28
Bitcoin Price and Altcoins Poised for Further Appreciation
2019-10-28
China Update: Consequences of President Xi’s ‘Blockchain Speech’ for Crypto Space
2019-10-28
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2019-10-28
China-based cryptos on the rise: NEO, Ontology, and Qtum technical analysis
2019-10-28
NEO Price, Ontology, Qtum, Tron, Bytum, IOST Skyrocket on China Hype
2019-10-27
Crypto News From Japan: Oct. 21–27
2019-10-27
Ontology’s Global University Workshop Goes Online!
2019-10-23
Ontology Global Talent Program Launched!
2019-10-18
How You Can Win $20,000 Worth of Rewards at Ontology’s Global University Workshop
2019-10-18
Ontology’s Global University Workshop: 20,000 Reasons to Attend
2019-10-15
Binance Adds Staking Support for Harmony (ONE)
2019-10-15
TRON, Stellar Join Mousebelt’s Blockchain Education Alliance to Train Student Developers
2019-10-11
Bitcoin to Return to 5,200 French Tobacco Stores + 15 More Crypto News
2019-10-11
How to Write a Smart Contract on Ontology with Python — (Part 4)
2019-10-11
Tron, Stellar Are Founding Members of Blockchain Education Alliance
2019-10-10
Altcoins including TRON, Cardano, Chainlink on the run
2019-10-10
Binance Adds Staking Support for Fetch.AI (FET) and Elrond (ERD)
2019-10-10
How to Write a Smart Contract on Ontology with Python — (Part 3)
2019-10-08
Binance Has Distributed September Staking Rewards
2019-10-06
Sesameseed Adds 200,000 New Staking Users To Ontology
2019-10-03
Indicator suggests high volatility for ETH, LTC, BNB, ADA, XMR, DASH, ONT
2019-10-03
Ontology Monthly Report — September 2019 (19 Languages)
2019-09-30
NEO’s strategy of ‘pragmatic’ centralization
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2019-09-27
Binance Launches Staking Platform
2019-09-26
U.S. Binance Customers Gain Access to Five New Assets Blockchain Life 2019
2019-09-25
Ontology Signs an MOU with Global Masternode Platform APIS
2019-09-25
How Many Consensus Algorithms Exist for Blockchain?
2019-09-25
How to Write a Smart Contract on Ontology with Python — (Part 2)
2019-09-24
Flipside Crypto Raises $7.1 Million in Venture Funding Led By Galaxy Digital Ventures
2019-09-24
ONT Competition Has Now Concluded
2019-09-23
How to Write a Smart Contract on Ontology with Python - (Part 1)
2019-09-22
Ontology’s Co-Founder Speaks on “Ticket to Noah’s Ark” at Invest Asia
2019-09-19
ONTO Stake Authorization Guide
2019-09-16
An Overview of Ontology’s ONT ID and DDXF
2019-09-14
ONTO Korean Version Released and Will Support Kakao’s Klaytn Soon
2019-09-11