Ontology - A decentralized identity solution

Ontology (ONT)

What is Ontology?

Ontology is a blockchain platform focused on providing decentralized identity and data storing (DID) services. Its target audience is smaller institutions who want to store private data on an immutable ledger and have all the benefits of blockchain technology without compromising privacy.

Why does Ontology have value?

While there are many DID-focused blockchains, Ontology’s advantage lies in the fact that it allows its institutional users to create a custom blockchain according to their needs; and simplifies the issues regarding governance, throughput and privacy. Individuals can insure that their identities are protected and secure using Ontology distributed ledger and cryptography.

What are the Pros of Ontology?

●       Offers the possibility to store sensitive and private data on a blockchain.

●       It can be staked to earn rewards.

●       Fees are low.

What are the Cons of Ontology?

●       Based in China and the Ontology identity solutions may be regulated by the government.

What are ONT’s tokenomics?

The total supply of ONT is 1 billion. When it launched, 15% was given to the founding team; 10% was allocated to the NEO council; 28% to institutional partners; 25% were reserved for the development of the ecosystem; and 10% to the technical community.

Who founded Ontology?

Li Jun.

Who are Ontology’s investors?

Ontology has conducted four funding rounds, including an Initial Coin Offering. The main investors are BlockVC, Hashed, IOSG Ventures, JLAB, 8 Decimal Capital, and DHVC.

Concise Crypto Grade:

B-  :We are all for a fully secure and on-chain digital identity system and we like what Ontology is trying to accomplish. They have expanded into digital wallets as well as a protocol that allows you to purchase and monetize data. Ontology hopes to be the one-stop-shop for all things on-chain data and identity. They aren’t there yet but may be in a few years.

Where can I buy ONT?

Binance, Huobi Global, Bithumb, Gate.io, KuCoin.

What ecosystem does Ontology run on?

Ontology