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ONG Ontology Gas615
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ONG Summary
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.
ONGNews
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Coinbase CEO has cashed out approximately $550 million through COIN sales over the past year
According to the OpenInsider tracking system, since May 2025, Coinbase co-founder and CEO Brian Armstrong has sold over 1.5 million COIN shares, with total proceeds amounting to approximately $550 mil
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Strategy CEO: If we remain the largest holder of BTC over the next 10 to 20 years, we will become the world’s largest company
Svmuu News: Strategy CEO Phong Le stated that if the firm remains the largest holder of BTC over the next 10 to 20 years, Strategy will become the world’s largest company. (BitcoinTreasuries.NET)
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South Korea's April inflation hits near two-year high, raising possibility of central bank rate hike
Svmuu reported that driven by oil price surges resulting from the Middle East conflict, South Korea's April CPI increase reached its highest level in nearly two years, raising the possibility that the
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Dragonfly Investor: Coinbase Expected to Save $225 Million Annually in Compensation Costs After Layoffs
Svmuu reported that Dragonfly investor Omar Kanji stated on X that Coinbase’s 14% workforce reduction is expected to save $225 million in annual compensation costs. According to earlier reports, Coinb
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Coinbsea CEO: Coinbase Lays Off Approximately 14% of Workforce Due to Market Conditions and Transition to AI-Native Architecture
Svmuureports that Coinbase is laying off approximately 14% of its workforce. Coinbase CEO Brian Armstrong cited market conditions and the company's transition to an AI-native architecture as the reaso
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U.S. Senators Reach Compromise on Stablecoin Yield Provisions, Potential Removal of Obstacles to the Clarity Act
Svmuureports that U.S. lawmakers have reached an agreement on stablecoin yield provisions, a point of contention that had stalled the Clarity Act in the Senate for months. Senators Tom Tillis and Ange
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MARA Acquires Long Ridge for $1.5 Billion, Transforming into Digital Infrastructure
Svmuu Bitcoin mining company MARA Holdings announced it will acquire Long Ridge Energy & Power from FTAI Infrastructure for $1.5 billion (including assumed debt), with the transaction expected to clos
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Curve Founder Proposes Market-Based Model to Recover DeFi Bad Debt
SvmuuNews Curve founder Michael Egorov has proposed a method to recover bad debt in lending protocols by converting impaired positions into tradable investment products. The pilot for this solution is
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Binance has launched the Binance Debit Card page, with the intent application deadline set for April 30th.
Svmuu reports that according to crypto KOL AB Kuai.Dong's post on platform X, Binance has launched the Binance Debit Card page. Users can now register their intent to apply until April 30th. After reg
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Ave.ai Officially Announces Upgrade to "New Financial Platform," Expanding On-Chain Trading and AI Frontiers
Svmuu News On April 20th, the "AVE AI Trading Forum Hong Kong 2026" hosted by Ave.ai was officially held. The forum invited partners including Alibaba Cloud, Tencent Cloud, BNB Chain, and TON to discu
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Arthur Hayes hints at dissatisfaction with the CLARITY Act and "calls" for HYPE to reach $150
Svmuu reports that Arthur Hayes, co-founder of BitMEX and Chief Investment Officer at Maelstrom, posted on X platform expressing optimism about the Hyperliquid ecosystem token HYPE, predicting it will
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Strategy CEO Phong Le Purchases Stretch Shares for the Next Generation
Svmuu Strategy CEO Phong Le purchased 55 shares of Stretch on behalf of his children at an average price of $99.41 per share, with a total value of $5,467. (BitcoinTreasuries.NET)
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Strategy CEO: Investing $250,000 in STRC Yields 10 Times the Return of Their Mortgage Rate
Svmuu reported that BiStrategy CEO Phong Le stated he holds a 30-year mortgage with an interest rate of 1.75%. Instead of repaying the mortgage, he invested $250,000 in STRC, which pays him an 11.5% y
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Coinbase CEO: Founders Need to Build Resilience and Keep Pushing Ideas Amid Setbacks
Coinbase CEO Brian Armstrong posted on X platform, stating that one of the challenges founders face is putting ideas out into the world, seeing if anyone cares, and verifying whether they can truly ex
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Coinbase CEO: Assisting law enforcement with blockchain forensics leads to 5 convictions
Svmuu reported that Coinbase CEO Brian Armstrong posted on X platform, stating that Coinbase is proud to cooperate with law enforcement to assist in combating crime. Its investigation team identified
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South Korea Democratic Party Secretary: Crypto Asset Taxation Should Proceed as Planned, Policy Stance Clearly Tightens
Svmuu reported that Jeong Tae-ho, the Democratic Party secretary on the National Assembly's Planning and Finance Committee, stated that taxation on crypto assets (digital assets) has been postponed se
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xAI Official Creative Ambassador Shares Concept Design for New X Feature: Possibly Introducing User Interaction Scoring System
Svmuureports that Dogan Ural, the official creative ambassador for xAI, has shared a concept design image for a new feature on the X platform. The screenshot suggests that in the future, users may be
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Market Analysis: Asian markets are trading lower, with profit-taking being the main factor.
Svmuureports that on Friday, Asian emerging market stocks weakened significantly, with surging oil prices and limited progress in US-Iran peace talks exacerbating market concerns over inflation and ec
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CertiK CEO: AI Is Turning DeFi Defense into an "Unfair Game"
Svmuureports that Ronghui Gu, co-founder and CEO of CertiK, stated that AI tools are exacerbating the imbalance between attack and defense in DeFi security, making it easier for attackers to discover
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Bank of England to Open Applications for Systemic Stablecoins by Year-End
Svmuu Sasha Mills, Executive Director of the Bank of England, stated that the Bank of England views stablecoins as a new form of money and will not pick winners between tokenized deposits and stableco
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ONG Token: An Analysis of the Ontology Network Utility Token and a Guide to Trading Platforms
ONG (Ontology Gas) is the utility token of the Ontology blockchain, primarily used to pay network transaction fees, execute smart contracts, and manage network resources. The Ontology network employs a dual-token model consisting of ONT (the governance token) and ONG (the fuel token), designed to provide decentralized digital identity and data solutions. This article will delve into the uses of ONG, its technical characteristics, and its availability on major cryptocurrency exchanges.
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