Ontology

 In the realm of Web3, Ontology stands out as a pioneering project dedicated to instilling trust, privacy, and security. Its core mission revolves around decentralized identity and data solutions, laying down the groundwork for a Web3 ecosystem where individuals and enterprises can confidently prioritize their privacy.

At the heart of Ontology lies its blockchain, a swift and cost-effective public network engineered to democratize access to decentralized identity and data solutions within Web3. Its overarching aim is to foster privacy, transparency, and trust, empowering users and enterprises to tailor blockchain solutions that align with their requirements while adhering to regulatory standards. Leveraging the Ontology Ethereum Virtual Machine (EVM), seamless compatibility with Ethereum is ensured, marking the inaugural stride towards the Ontology Multi-Virtual Machine and broader chain interoperability.

Rather than opting for the conventional initial coin offering (ICO) model, Ontology charted a different course by embracing community distributions and airdrops of its ONT cryptocurrency. This strategy swiftly facilitated organic price discovery and cultivated a fervent community while circumventing subsequent regulatory scrutiny. Notably, early subscribers to the Ontology newsletter were rewarded with a generous airdrop of 1,000 ONT tokens, quickly appreciating in value upon listing on major exchanges like Binance.

Ontology celebrated the launch of its MainNet on June 30, 2018, marking the commencement of its smooth operational journey.

Founded by Li Jun on November 27th, 2017, Ontology epitomizes a commitment to fortifying Web3 access, underscoring the primacy of user privacy through regulatory-compliant digital identity solutions.

Rooted in philosophy and bolstered by technical prowess, Li Jun christened the project Ontology, drawing parallels between philosophical ontology and the foundational infrastructure of decentralized and credit-based systems in both technological and philosophical realms.

What sets Ontology apart is its versatility in real-world applications, empowering businesses to construct bespoke blockchains atop the Ontology network. This affords businesses and enterprises unparalleled adaptability, enabling tailored blockchain solutions to cater to specific needs.

With interoperability at its core, the Ontology chain currently supports three virtual machines (Ontology EVM, NeoVM, WasmVM), dismantling development barriers and providing a familiar milieu for Ontology-centric endeavors. This forms the bedrock for seamless cross-chain integration in Web3.

Beyond infrastructure provision, Ontology recognizes the pivotal role of user experience enhancement in navigating Web3 challenges. ONTO Wallet extends cross-chain accessibility to users, placing the essence of Web3 within reach. Coupled with ONT ID, which empowers users with data sovereignty, and features like ONT Login streamlining registration and password management, Ontology is poised to deliver unparalleled access to the next phase of the Internet.

Ontology boasts a total coin supply of 1,000,000,000 ONT, with approximately 80% currently in circulation. Upon launch, token allocation comprised 15% for the core team, 10% for the NEO council, 28% for institutional partners, 10% for the technical community, and 25% for ecosystem development, subject to rigorous screening and staged unlocking until October 2020.

Security-wise, the Ontology network stands as a bastion of decentralization, resilient against hacks owing to its fully decentralized architecture.

ONT and ONG are readily available on prominent exchanges such as Binance and OKX, affirming their status as premier digital assets in the global marketplace.