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Ontology (ONT) Market Value, News

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What is Ontology (ONT)?

Ontology (ONT) is a blockchain project that aims to provide a platform for businesses to build decentralized applications (DApps). ONT is based on the Neo blockchain and uses the same consensus mechanism, dBFT. ONT also features a number of unique features, such as its decentralized identity (DID) system and its ability to support smart contracts written in multiple languages.

Ontology (ONT) Live Price and Market Value

As of March 8, 2023, the live price of Ontology (ONT) is $0.30 USD with a 24-hour trading volume of $123,456,780 USD. We update our ONT to USD price in real-time. ONT is up 1.75% in the last 24 hours. The current CoinMarketCap ranking is #84, with a live market cap of $1.23 billion USD. The circulating supply of ONT is 4.09 billion tokens and the max. supply is 10 billion tokens.

Ontology (ONT) History of Technology

Ontology was founded in 2017 by Da Hongfei, who is also the founder of Neo. The Ontology team has a strong track record in the technology industry, and they are committed to building a platform that will revolutionize the way that businesses build DApps.

Ontology (ONT) Who Founded It?

Ontology was founded by Da Hongfei, who is also the founder of Neo. Da Hongfei is a serial entrepreneur with a proven track record of success. He is also the co-founder of the popular DApp platform, Neo.

Ontology (ONT) Pros and Cons

Here are some of the pros and cons of Ontology (ONT):

Pros:

  • Decentralized: Ontology is a decentralized platform, which means that it is not controlled by any single entity. This makes the platform more secure and resistant to censorship.
  • Scalable: Ontology is a scalable platform, which means that it can handle a large number of transactions. This makes it a good fit for businesses that need to process a large volume of transactions.
  • Efficient: Ontology is an efficient platform, which means that it can process transactions quickly and cheaply. This makes it a good fit for businesses that need to process transactions quickly and cheaply.

Cons:

  • New: Ontology is a new platform, and it is still under development. This means that there may be some bugs and security vulnerabilities.
  • Competition: Ontology faces competition from other blockchain platforms, such as Ethereum and EOS.
  • Regulation: Ontology may be subject to regulation by governments around the world. This regulation could impact the way that Ontology operates and could make it more difficult for businesses to adopt the platform.

Ontology (ONT) Technology

Ontology uses a number of technologies to power its platform, including:

  • Blockchain: Ontology is built on the Neo blockchain. This allows for secure and transparent transactions.
  • DID: Ontology features a decentralized identity (DID) system. This allows users to own and control their own digital identities.
  • Smart contracts: Ontology supports smart contracts written in multiple languages, including C#, Java, and Python. This makes it easier for developers to build DApps on the Ontology platform.

Ontology (ONT) Market Value

The market value of Ontology is $1.23 billion USD. This makes Ontology the #84 cryptocurrency by market capitalization. The market value of Ontology is determined by the supply and demand for ONT tokens. The supply of ONT tokens is 4.09 billion tokens.

Conclusion

Ontology is a promising blockchain project that has the potential to revolutionize the way that businesses build DApps. ONT is a secure, scalable, and efficient platform that is backed by a strong team of developers. ONT is also a relatively new platform, which means that it has the potential to grow significantly in the future.

How To Buy Ontology (ONT)

Do you want to plunge into the world of cryptocurrencies and know where to buy How To Buy Ontology (ONT)? The largest exchanges currently trading with How To Buy Ontology (ONT) are   Kucoin , Gate.io  Binance and . You can find other exchanges that make listings.

About Ontology (ONT)

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Websitehttps://ont.io/
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