Ontology is a public blockchain designed for high performance and also works as a distributed collaborative network. It features a number of distributed ledgers that are complete and smart contracts on one ecosystem. It is possible to work through the different blockchains to support different applications. These collaborations of the blockchains are possible using the available protocol groups. The Ontology network has to provide common modules consistently to the basic infrastructure for theShow more [+] different scenarios arising on the chain. This chain was initially based on the Neo blockchain, but has recently finished the development of its own Mainchain.
ONT is Ontology's currency or gas. The token is not premined and has a total supply of 1 billion tokens. Its ICO (Initial Coin Offering) ended on January 8. The token available for sale were 537,500,000 with one token retailing at $0.20. Some of the wallets supporting this token are Citowise and Infinito. It is listed for trading on Bibox, Binance, Bit-Z, Huobi, Gate.io, Kucoin and Upbit.
Ontology team is comprised of individuals from reputable educational institutions and major technology companies like the Chinese Academy of Sciences and IBM. They include Jun Li, the Founder, Andy Ji, Chief Strategy Officer, Wentao Yang, the vice President and business development among others.