Disclaimer:All content on this platform is sourced from the internet and is provided for informational purposes only. None of the content represents the views of this site, nor does it constitute investment advice. Please exercise caution when investing.

Faster global financial news!

ONG

ONG Ontology Gas440

Currency:
🇺🇸 USD
🇺🇸 USD - US Dollar
🇨🇳 CNH - Offshore Chinese Yuan
🇯🇵 JPY - Japanese Yen
🇰🇷 KRW - South Korean Won
🇭🇰 HKD - Hong Kong Dollar
🇦🇺 AUD - Australian Dollar
🇪🇺 EUR - Euro
🇨🇭 CHF - Swiss Franc
🇬🇧 GBP - British Pound
🇨🇦 CAD - Canadian Dollar
🌐 TWD - Taiwan Dollar
🇲🇾 MYR - Malaysian Ringgit
🇸🇬 SGD - Singapore Dollar
🇳🇿 NZD - New Zealand Dollar
$ 0.0787 -$0.0009059 -1.15%

ONGMarket

  • Trend
  • K-Line

ONGNews

All Newsflash Article

About ONG

Ontology Gas (ONG) is a utility token within the Ontology blockchain ecosystem, primarily designed to facilitate network operations and transactions. Ontology itself is a high-performance, open-source blockchain project that specializes in decentralized identity and data solutions. ONG functions as the gas token for the Ontology network, essential for executing smart contracts, processing transactions, and utilizing various decentralized applications (dApps) built on the Ontology platform.

The primary utility of ONG is to cover transaction fees on the Ontology blockchain. This mechanism ensures the smooth operation and security of the network by incentivizing validators and preventing network spam. Users engaging with Ontology's decentralized identity solutions, data exchange protocols, and other dApps will require ONG to pay for network resources. It is generated through staking Ontology's main token, ONT, rewarding holders for their participation in network security and governance.

ONG plays a crucial role in the overall functionality and economic model of the Ontology ecosystem. Its availability and consistent use are vital for the smooth execution of decentralized applications and the broader adoption of Ontology's identity and data management solutions. As the network expands and more dApps are deployed, the demand for ONG is intrinsically linked to the activity and growth of the Ontology platform.

ONG Data

Market Cap$37.87M
24H Turnover$2.95M
24H Volume38.02M
24H Range4.26%
24H High$0.0793
24H Low$0.076
Prev Open (UTC+8)--
Prev Close (UTC+8)--
All-Time High$4.59-98.3%
All-Time Low$0.0393
Circ. Supply481.18M
Total Supply1.00B
Circulation Ratio48.12%