Ontology Network ONT
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Score Sentiment Neutral
Fundraising Statistics
$0.14 -3.76%
$0.2
ONTOntology Network
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Short Review Ontology Network
Crypto project Ontology Network (ONT) is classified as a Blockchain Service. Ontology Network is a Utility token that is hosted on the NEO Network. The current total supply is 1,000,000,000 (Circulating Supply + Tokens yet to be released - Burned Tokens). The level of social activity of the Ontology Network project is assessed as High.
Ontology Network ICO Overview
Estimated date for the public token sale: 8 January 2018. Ontology Network (ONT) price during the token sale: 0.2 USD. You can purchase project tokens for ETH
ONT Price Chart
The launch of ONT token trading took place on 8 March 2018.
Fundraising Rounds
| Investment Round | Date | Price | Funds Raised |
| Institutional Partners Airdrop | March 12, 2018 | -- | -- |
| Community Airdrop | March 2018 | -- | -- |
| Private Sale | January 2018 | $0.20 | -- |
Ontology Network Investors
Sequoia Capital Tier 1
Accomplice Tier 2
Fenbushi Capital Tier 2
Hashed Tier 2
IOSG Ventures Tier 2Detailed overview of Ontology (ONT)
Ontology is a high-performance public blockchain of distributed trust interaction. This is a platform that helps create blockchain systems for the needs of any organization. Initially, the project was created to develop and implement blockchain in various areas of life. The core infrastructure of the Ontology project consists of three different elements: blockchains, a framework that integrates different blockchains, and a set of communication protocols. Each element can be considered separately:
- ONT Blockchains is a decentralized system that works on the principle of a blockchain. Both networks based on the platform and third-party networks can interact with the platform.
- ONT Framework is a system that unites various blockchains into a single network. Here they can interact with each other.
- ONT Interaction Protocols - this includes a variety of interaction protocols for various systems and structures.
Ontology Project (ONT)
Members of Onchain have made great contributions to the development of the network and the process of its launch. Onchain then stepped back to allow the Ontology Foundation and its open source community to oversee the future direction of the protocol.
ONT cryptocurrency is the brainchild of the Ontology project, which actively began to develop in 2017. Ontology is a revolutionary system that allows companies to use blockchain technology in their work without having to have prior knowledge of using distribution networks. Founder: Jun Lee. He has a wealth of academic experience, including a bachelor's degree in computer science and a master's degree in communications engineering. There are several important dates in the history of ontology:
- November 18, 2017 - announcement of the project at the OnChain conference in Shanghai;
- March 1, 2018 - main round of distribution tokens. The Ontology cryptocurrency was distributed to all NEO holders;
- April 13, 2018 - publication of the first version of the roadmap.
Advantages of Ontology (ONT)
- Confidentiality. Ensuring complete confidentiality of user information and transaction security;
- Efficient operation. Which ensures fast operations;
- Decentralized structure of the cryptosystem. Solves the problem of potential monopolization;
- Authentication speed is higher than that of the main competitors that do not use decentralized algorithms.
- Accessibility. Simple tools and a modular structure make creating applications on Ontology accessible to users without advanced programming knowledge.
- Usage VRF algorithm. Allows you to make Ontology faster and more efficient compared to other networks using popular algorithms such as PoW or PoS.
Disadvantages of Ontology (ONT)< /h3> - The dBFT consensus mechanism on which the Ontology algorithm is based has been criticized for its high degree of centralization.
- Internet transactions. They also propose strengthening centralization.
- High dependence of platform developers on the Chinese authorities.
- The dBFT consensus mechanism on which the Ontology algorithm is based has been criticized for its high degree of centralization.
- Internet transactions. They also propose strengthening centralization.
- High dependence of platform developers on the Chinese authorities.
