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Ontology Gas Price (ONG)

Ontology Gas Price (ONG)

Currency:
ONG to USD:
1 Ontology Gas equals $ 0.315202 USD-1.17%1D
Page last updated: 2024-12-21 03:30 (UTC+0)
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Note: This information is for reference only.

Price of ONG today

The live price of Ontology Gas is $ 0.315202 per (ONG / USD) with a current market cap of $ 125.86M USD. 24-hour trading volume is $ 9.53M USD. ONG to USD price is updated in real-time. Ontology Gas is -1.17% in the last 24 hours with a circulating supply of 399.31M.
ONG Price History USD
Date ComparisonAmount Change% Change
Today$ -0.003744-1.17%
30 Days$ -0.016264-4.91%
60 Days$ 0.00097+0.31%
90 Days$ -0.0133-4.05%

ONG Market Information

24h Low & High
Low: $ 0.27324
High: $ 0.325842
The highest and lowest price paid for this asset in 24 hours.
All Time High
$ 4.59254
The highest price paid for this asset since it was launched or listed.
Price Change (1h)
-0.57%
The percentage change in price for this asset compared to 1 hour ago.
Price Change (24h)
-1.17%
The percentage change in price for this asset compared to 24 hours ago.
Price Change (7d)
-22.09%
The percentage change in price for this asset compared to 7 days ago.

ONG Market Information

Popularity
#399
Popularity is based on the relative market cap of assets.
Market Cap
$ 125.86M
Market cap is calculated by multiplying the asset's circulating supply with its current price.
Volume (24hours)
$ 9.53M
The total dollar value of all transactions for this asset over the past 24 hours.
Circulation Supply
399.31M
39.93%
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
$ 315.20M
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
2018-06-30

What Can You Do With Ontology Gas (ONG)?

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About Ontology Gas (ONG)

 Ontology Gas Coin is a digital cryptocurrency with specific functional use to pay for gas fees within the robust Ontology blockchain ecosystem and network of decentralized applications.  

Ontology Gas Coin is utilized for transactions on the Ontology decentralized application ONT ID. The ONT ID development is an application deployed on the layer 2 Ontology blockchain. It claims to empower individuals with protection over identity and data held on and off-chain. Similarly, ONTO Wallet, a native wallet application integrated with ONT ID utilizes Ontology Gas Coin in its transaction functionality. 

Ontology Gas Coin serves another purpose as a value-anchoring cryptocurrency tool used at the root of the application layer. The coin essentially powers the  operations in the Ontology blockchain network. 

Another coin exists on the dual-token Ontology blockchain, referred to as the Ontology coin or ONT. Its primary function is reportedly a staking token on the Ontology blockchain. Ontology Gas is known by its token ticker $ONG. ONG can also be earned in the network by staking ONT. The price of Ontology Gas is updated and available in real-time on Binance.

People Also Ask: Other Questions About Ontology Gas (ONG)

  1. What Does Ontology Coin Do?

    ONG, Ontology Gas Coin, is used to pay for gas fees incurred by users on the Ontology blockchain and the myriad of decentralized applications on the platform. ONG is also said to be used as a tool for value-anchoring within the Ontology decentralized platform.

    The price of ONG can be influenced by network usage, trade, and open cryptocurrency market factors. 

  2. What Network Consensus And Validation Is Used to Secure Ontology Gas Coin?

    Ontology is referred to as a multi-chain platform which utilizes a hybrid consensus mechanism developed by the network. The algorithm is known as Ontorand Consensus Engine (OCE). OCE utilizes a newly developed consensus mechanism called VBFT, which combines Proof-of-Stake (PoS), Verifiable Random Function (VRF) and Byzantine Fault Tolerance (BFT).

  3. Who Is the Founder of Ontology Gas?

    The founder of Ontology is Jun Li, a blockchain solutions architect with just under two decades of experience in the IT field.

     

  4. What is the Maximum Token supply of ONG?

    There is a maximum established token supply of 1,000,000,000 ONG. At the time of writing the total circulating supply is 350,344,783  ONG. 


     

  5. What Makes Ontology Gas Different From Others?

    Ontology aims to provide an advanced suite of protocols for decentralized identity verification and data sharing, bolstering efficiency and security. Its key features encompass ONT ID, a digital ID application and Decentralized Identifier (DID) used across its platform, and DDXF, an innovative framework for decentralized data exchange and collaboration.

    Utilizing a unique dual-token model with ONT and ONG as utility tokens, Ontology cleverly separates the two to minimize the impact of potential erratic swings in the intrinsic value of its native asset on transaction costs.

  6. How To Buy Ontology Gas (ONG)?

    Ontology Gas (ONG) can be purchased directly from Binance by using a debit or credit card. Ontology Gas (ONG) can also be traded for other cryptocurrencies on Binance. Live Ontology Gas coin price is updated in real-time. ONG price and purchase information is available for users to read on our How to Buy Ontology Gas (ONG) Guide.

ONG to Local Currency

FiatPriceOperation
1 ONG to TRY$ 0.315202
1 ONG to RUB$ 0.315202
1 ONG to EUR$ 0.315202
1 ONG to AED$ 0.315202
1 ONG to AUD$ 0.315202
1 ONG to BRL$ 0.315202
1 ONG to VND$ 0.315202
1 ONG to IDR$ 0.315202
Last updated 2024/12/21 03:30 (UTC)

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