❗️*News from #ONG #ONT in brief*‼️
**Ontology Gas (ONG)** is one of two tokens that belong to the dual token model used by **Ontology**. Here is some important information about it:
1. **What is the NGO?**
- The **ONG** is a token associated with the **Ontology** platform.
- It rewards users and serves as currency on the blockchain.
2. **How does the NGO work?**
- The **ONG** is generated by the **MainNet ONT**.
- The more **ONT** you have, the more **ONG** you receive.
- Users are rewarded for their contribution to the platform.
3. **Advantages of NGO staking:**
- **Passive income**: Earn rewards by holding on to your assets.
- **Network Support**: Support Ontology security and operations.
- **Increased security**: Contribute to network stability.
In summary, **NGO** is essential for Ontology, providing benefits such as user reward and attractive returns.
Bonuses:
. **History of the NGO**:
- The **Ontology** platform was created in **2017** by the Chinese company **OnChain**.
- The main objective of the project was to allow companies to install blockchain without producing major changes in its operation, thus simplifying the blockchain integration process and making it affordable for everyone.
- Unlike many other platforms, Ontology did not launch an **ICO (Initial Coin Offering)** to develop the project. Instead, **ONT** was offered to all **NEO** holders.
- After the launch of Ontology, a new cryptocurrency, **ONG**, was introduced to reward users who contribute to the operation of the platform.
