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.