Currently available in the United States; coming soon in 31 countries in Europe.
Ontology Coin (ONT)
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Ontology Coin (ONT) was created in 2017 by the Chinese company, OnChain. ONT is the cryptocurrency behind Ontology, the high performing blockchain, resolving issues related to identity security and data integrity (accuracy).
Ontology was created for businesses of all sizes to install blockchain technology in their companies without disrupting their current systems. Simplicity of use was the main goal of the creators, Erik Zhang and Da HongFei. They wanted companies who were not experts in blockchain technology, to be able to install it easily.
Once installed, businesses may secure their sensitive data, while still enjoying the benefits of blockchain technology – smart contracts, tokenization of data, and cryptographic identity proofs.
Ontology Coin (ONT) To USD | ONT Conversion Calculator
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What is Ontology Coin (ONT)?
ONT ID is a decentralized means of controlling your personal data and identity. It is the self-sovereign management of your digital identity. You may store your data on your mobile phone or encrypted and stored on a trusted cloud storage system – where only YOU have access.
When you must share your identity with third parties, the proof system of ONT ID means you only need your signature. Ontology trust anchors verify proof of identity. You don’t have to share all of your credentials or documents. The system is secure and free of outside influence, as it has highly sophisticated cryptographic protocols.
Ontology Coin (ONT) Market Price Ticker Chart
About Ontology Coin (ONT)
Within the Ontology system, ONT coin allows holders the right to make decisions within the Ontology network and earn staking rewards – interest on investment paid in Ontology Gas (ONG). Think of ONG as the fuel to do things on the network.
Even if you don’t want a part in Ontology’s governance, the interest alone is well worth the trouble. You may stake ONT to earn a return on investment of 2.75%, which is roughly 30.5 times what you would earn on an average bank savings account.
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