Ontology is a blockchain project that focuses on digital assets and identity verification. By enabling decentralized identity verification & authorization, smart contract creation & deployment, metadata management and privacy protection, it offers a foundation for creating decentralized applications and constructing blockchain solutions that are suited for enterprise purposes.
● Dual-token model (ONT & ONG)
Ontology operates a dual-token model that includes its native token Ontology (ONT) and the utility token Ontology Gas (ONG). The ONT token is used for storage and transfer of value, and holders can vote on issues such as project modifications, upgrades and future developments, while ONG is utilized to cover the cost of smart contract execution, including miner fees.