What is ONT

1. Project Name

Ontology(ONT)

2. Project Positioning

A New High-Performance Public Chain Infrastructure & A Distributed Trust Collaboration Platform

3.Project Introduction

Ontology is a new generation public chain infrastructure project.

Ontology provides new high-performance public blockchains that include a series of complete distributed ledgers and smart contract systems.

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.

Ontology will constantly provide common modules on the underlying infrastructure for different kinds of distributed scenarios, such as those for the distributed digital identity framework, distributed data exchange protocol, and so on. Based on specific scenario requirements, Ontology will continue to develop new common modules.

Ontology uses a dual token (ONT and ONG) model. At first, ONT is a NEP-5 token and does not release ONG. After the launch of Ontology's MainNet, users will be able to exchange NEP-5 ONT for ONT on the Ontology MainNet, which will start to release ONG periodically.

4. Project Progress

To launch TestNet on GitHub in Q1 2018, and to launch MainNet in Q2 2018.

5.Token Distribution:

Token Price: 0.2USD approximately

Token Distribution:
Ontology Community (including the reward events): 12%

Institutional Partners: 28%

NEO Council: 10%

Ontology Ecosystem Development: 25%

Ontology Core Team: 15%

Ontology Technical Community Reward (including the future bounty program): 10%

6. Token Function

ONT is the governance token of Ontology, and ONG is the utility token of Ontology.

Note: The project introduction comes from the materials published or provided by the official project team, which is for reference only and does not constitute investment advice. Some of the content may be out of date, error, or omission. HTX does not take responsibility for any resulting direct or indirect losses.

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