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Ontology Price (ONT)

Ontology Price (ONT)

Currency:
ONT to USD:
1 Ontology equals $ 0.219144 USD-5.16%1D
Page last updated: 2024-12-21 23:32 (UTC+0)
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Note: This information is for reference only.

Price of ONT today

The live price of Ontology is $ 0.219144 per (ONT / USD) with a current market cap of $ 198.92M USD. 24-hour trading volume is $ 13.13M USD. ONT to USD price is updated in real-time. Ontology is -5.16% in the last 24 hours with a circulating supply of 907.70M.
ONT Price History USD
Date ComparisonAmount Change% Change
Today$ -0.011923-5.16%
30 Days$ -0.012393-5.35%
60 Days$ 0.021415+10.83%
90 Days$ 0.028166+14.75%

ONT Market Information

24h Low & High
Low: $ 0.216886
High: $ 0.243635
The highest and lowest price paid for this asset in 24 hours.
All Time High
$ 11.18
The highest price paid for this asset since it was launched or listed.
Price Change (1h)
-0.13%
The percentage change in price for this asset compared to 1 hour ago.
Price Change (24h)
-5.16%
The percentage change in price for this asset compared to 24 hours ago.
Price Change (7d)
-20.28%
The percentage change in price for this asset compared to 7 days ago.

ONT Market Information

Popularity
#294
Popularity is based on the relative market cap of assets.
Market Cap
$ 198.92M
Market cap is calculated by multiplying the asset's circulating supply with its current price.
Volume (24hours)
$ 13.13M
The total dollar value of all transactions for this asset over the past 24 hours.
Circulation Supply
907.70M
90.77%
The number of coins circulating in the market and available to the public for trading, similar to publicly traded shares on the stock market.
Total Maximum Supply
1.00B
The total number of coins that will ever be created for the cryptocurrency, similar to fully diluted shares in the stock market. If this data is not provided or verified by CoinMarketCap, the maximum supply is displayed as '--'.
Fully Diluted Market Cap
$ 219.14M
The total number of coins that will ever be created for the cryptocurrency, similar to fully diluted shares in the stock market. If this data is not provided or verified by CoinMarketCap, the maximum supply is displayed as '--'.
Issue Date
2018-02-26

What Can You Do With Ontology (ONT)?

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About Ontology (ONT)

Ontology is a decentralized public blockchain network focused on identity security and data solutions, primarily in Web3. The independent blockchain network reportedly provides a development platform from which decentralized projects can launch and that offers high throughput and low transaction costs.  

The network’s underlying architecture also allows for cross-chain communication and interoperability for any independent blockchain developed on the Ontology platform. The network and its native cryptocurrency, ONT, were both launched in 2018.

ONT is used mainly as the digital asset validators stake in order to be rewarded for taking part in Onotology’s network consensus. ONT price is updated and available in real time on Binance.

People Also Ask: Other Questions About Ontology

  1. What is ONT Used For?

    ONT cryptocurrency is used fundamentally as a staking coin for validators on the Ontology network, who are charged with the task of validating and confirming transactions in order to create new blocks to be added to the transaction chain recorded on the Ontology blockchain.

    ONT is also used as a governance token and is staked in the network in order to allow token holders to vote on and propose updates or changes to the network. There is a second token, Ontology Gas (ONG),  in the Ontology ecosystem which serves more so to support built-in-app transactions.
     

  2. How Do Network Consensus and Validation Work on Ontology?

    Ontology uses a type of proof-of-stake (PoS) consensus model called Verifiable Byzantine Fault Tolerance (VBFT), whereby randomness in determining blocks in the network is increased.said that This makes it more difficult for malicious node attacks to be carried out.

    Two types of nodes exist within the network’s architecture — consensus and candidate nodes. As their name suggests, consensus nodes are responsible for consensus, as well as recording and validating transactions. Candidate nodes, on the other hand, are more or less synchronization nodes responsible for ordering the transactions validated by consensus nodes.

    The network consensus model powers security and consensus on the Ontology network, working inherently to reward nodes for their ONT stake as opposed to processing power like some other consensus mechanisms.

  3. Who Is the Ontology Founder?

    Ontology was founded in 2017 by Singapore-based tech entrepreneur and developer Jun Li. The Ontology founder is noted for his work as a senior blockchain architect and blockchain solutions developer, with over 15 years of relevant experience prior to founding Ontology.

  4. What is the Maximum Token supply of ONT?

    ONT has a maximum supply of 1 billion tokens. It has a circulating supply of 875,249,524 tokens at the time of writing.

  5. How To Buy ONT?

    ONT can be purchased directly from Binance using a debit or credit card and traded for other cryptocurrencies on the exchange. Live ONT price is updated in real time on Binance. Additional ONT price and purchase information is available in our How to Buy Ontology (ONT) Guide.

ONT to Local Currency

FiatPriceOperation
1 ONT to TRY$ 0.219144
1 ONT to RUB$ 0.219144
1 ONT to EUR$ 0.219144
1 ONT to AED$ 0.219144
1 ONT to AUD$ 0.219144
1 ONT to BRL$ 0.219144
1 ONT to VND$ 0.219144
1 ONT to IDR$ 0.219144
Last updated 2024/12/21 11:32 (UTC)

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