Ontology (ONT) - a cryptocurrency not only for philosophers

The Ontology network and cryptocurrency project has long suffered from being based on blockchainie NEO platforms, but after becoming independent, the group of its enthusiasts is rapidly growing. First of all, among the business representatives it is aimed at.

We continue the cycle of the Forex Club portal, in which we describe the most important, well-known and most interesting cryptocurrency projects around the world. Today it's time for Ontology - a cryptocurrency that intrigues not only with its name.

Be sure to read: NEO - cryptocurrency pretending to be shares

History of Ontology

The Ontology project was initially based on the NEO platform blockchain. It wasn't until July 2018 that it started operating on its own blockchain, but for a long time the fact that it was derived from the NEO code was a burden by which some believed that ONT is a copy of NEO.

Ultimately, the number of ONT market tokens will reach 1 billion. As at 10.04.2020/650/XNUMX, over XNUMX million of them are in circulation. The name comes from philosophy. Ontology is a branch of this science that deals with the study of the structure of reality: the cause, possibilities and necessity of being.

In the world of cryptocurrencies, Ontology is a project of the Chinese company Onchain, which has set itself the goal of creating a blockchain chain that will be dedicated to business, but will be characterized by easy access that does not require integration through additional programming work. Thanks to the Ontology blockchain, you can also verify the identity of contractors or the originality of the solutions presented. Verification is fast and completely secure.

Interestingly, in the case of Ontology, there was no public offering for tokens that were distributed. And more than once, because on March 01.03.2018, 20, the so-called airdrop, i.e. another token grant. XNUMX million ONTs went to NEO owners who had them accumulated on Neon Wallet wallets. Airdrop was conducted through the stock exchange Binance.

ONT has high scalability

In many ways, ONT is much better than Bitcoin. However, in the world of modern cryptocurrencies, this is no longer surprising. Also because it is a token intended primarily for companies and corporations. Despite this, it allows the processing of up to 4. transactions every second. However, the creators of networks and cryptocurrencies do not care about promoting microtransactions and increasing its popularity among individual users. This is also why the token is indivisible, unlike e.g. Bitcoin. It is to serve as the foundation for Smart Economy, i.e. a new economic order based on secure exchange of information and assets through blockchain.

Ontology works practically all over the world. Recently, it has been dynamically developing in Venezuela, open to innovation, where blockchain technology and principles of cryptocurrency are even widely known. Mainly due to the loss of confidence in the native currency due to galloping inflation. Placing money in cryptocurrencies quickly turned into a monthly payment of digital assets, which Ontology wants to use, providing a user-friendly platform that offers inter-chain support and tools for securely designing its own blockchain solutions.

Ontology Quotations (ONT)

We can now trade the Ontology token on 36 cryptocurrency exchanges around the world. There are exactly 651.246.573 units on the market. Ultimately, there will be 1 billion of them. Currently, capitalization reaches USD 265 million, and the daily trading volume exceeds USD 60 million. This is very much, considering the business expansion plans, because it means that over 22 percent every day. units change owner. As of 10.04.2020/0,40/3, one unit has to pay USD 2018, and the peak of quotations took place on May 11,18, 1,3, when each ONT token was valued at USD XNUMX and the market capitalization of the project exceeded USD XNUMX billion.