Ontology Gas Price

Ontology Gas is a utility token integral to the Ontology blockchain, primarily used to enable a wide array of functionalities, including on-chain transactions, smart contract execution, and data management. It operates in tandem with Ontology Coin (ONT), establishing a dual-token framework that enhances the ecosystem's operational capabilities.

While ONT is positioned for governance and staking purposes, Ontology Gas serves a unique role. Users rely on ONG to cover transaction fees associated with transferring assets, executing smart contracts, and managing data in an efficient manner. This dual structure allows for a more seamless user experience while promoting active stakeholder participation in network governance.