What is Ontology? Everything about ONG coin (ONT) Crypto Assets.

Ontology is a high-performance open-source blockchain focused on digital identity, decentralized data, and enterprise applications in the real world. Its dual-token model—ONT for staking/governance and ONG for Gas fees—makes it one of the few networks that clearly distinguishes value acquisition from transaction costs. For traders interested in "ONG coin price," "buying ONT," or "Ontology airdrop" on Gate.io, understanding how its ecosystem operates can unlock new DeFi, GameFi, and DID opportunities.

1. Introduction to Ontology

Ontology blockchain was launched by the Onchain team (co-founders of Neo) in 2018, offering 1000+ TPS, second-level final confirmation, and a modular architecture that allows enterprises to insert privacy components into the public chain. The mission of the project is to bring self-sovereign identity and verified data into finance, supply chains, and Web3 social applications. Unlike many Layer-1 projects that pursue universal smart contract transaction volumes, Ontology doubles down on compliance identity tools: ONT ID, DIDx, and OScore credit scoring. These modules have supported the KYC processes for Binance, MicroWorkers, and AP AC Bank, driving organic demand for ONG tokens to pay transaction fees.

2. Dual Token Design: ONT and ONG Coins

| Token | Role | Supply | Key Applications | | ------------ | ------------ | ------------ | ------------ | | ONT | Governance and Staking Collateral | Fixed 1 billion | • Elect node validators • Earn ONG coin rewards • Vote on parameter changes | | ONG Token | Gas and Utility Token | Initial 0, released each block until 1 billion | • Pay network fees • Incentivize dApp developers • Partial burn to reduce inflation |

Holding 1,000 ONT in the Gate Wallet will passively generate ONG coins every 24 hours, similar to how NEO holders receive GAS. This "unlocked yield" model is very attractive to airdrop hunters and those who believe in the long-term utility of the ONG cryptocurrency.

3. Ontology Core Technology

• VBFT Consensus - Integrates VRF, BFT, and PoS, striking a balance between speed and decentralization.

• Smart contracts based on Wasmtime - Supports Rust and C languages through WebAssembly, reducing the attack surface compared to EVM.

• Cross-Chain Bridge - Ontology EVM, Poly Network, and LayerZero connectors allow users to transfer ONG coins to BNB Chain, Polygon, and Arbitrum for yield farming.

• Decentralized Identity (ONT ID) - Over 2 million on-chain identities have been released, each transaction consumes only a small amount of ONG.

4. Recent ONG Coin Price Trend Milestones

• Open permissionless Staking mechanism (Q4 2023) - Any user holding 10,000 ONT can activate a Triones node; Staking TVL surpasses 180 million ONT, driving ONG coin price to a 14-month high.

• Ontology EVM launch (January 2024) - Solidity developers can deploy without rewriting code; daily Gas consumption of ONG has tripled.

• Collaborating with Saga DID (February 2024) - Integrating OScore credit data into Hong Kong fintech applications.

5. How to Obtain ONG Coins and ONT on Gate.io

1. Spot Trading - Trading pairs such as ONG/USDT and ONT/USDT provide deep liquidity, with a spread of less than 0.2%.

2. Earnings and Staking - Gate Earn offers a flexible ONT staking pool that automatically distributes ONG coin rewards daily.

3. Startup Launchpad – Some new projects based on Ontology will airdrop additional ONG coins to Launchpad subscribed users – please pay attention to Gate announcements. Tip: Extracting ONG through the Ontology mainnet can avoid high ERC-20 Gas fees; network fees are usually less than 0.05 ONG.

5. Storage Options for ONG Coin

| Wallet | Beneficial | Features | | ------------ | ------------ | ------------ | | ONTO Mobile | Interact with DeFi and DID | Developed by the core team, claim the generated ONG tokens with one click | | Gate Wallet | Frequent Trading | Instant Transfer to Spot/Futures Market | | Ledger + ONTO Web | Cold Storage | Hardware-secured ONT, which allows for regular ONG claiming through dApp |

6. Future Roadmap and Price Drivers for ONG Coin

• ZK-ID Toolkit, Q3 2025 - Zero Knowledge Proofs; a small fee in ONG will be charged for each proof, which will increase the burn pressure.
• EU-regulated DID pilot project - awaiting eIDAS2 approval. Positive news may trigger new institutional demand for ontology token staking.
• Ontology Liquid Staking - stONT and stONG derivatives for DeFi staking may unlock new (TVL) of total locked value, tightening the circulating supply of ONG.

7. Risks to be aware of when investing in the native coin

• Competition - zkSync ID, Polygon ID, and Worldcoin are vying for the same identity space.
• Token circulation speed - If the growth of the dApp slows down, even with burning, the price of ONG may be lower than expected.
• Regulatory Changes - Strict KYC rules may promote (mandatory DID) or hinder (privacy issues) its adoption.

Conclusion

Ontology stands out by combining high-speed smart contract execution with decentralized identity in the real world. Its dual-token economic system means that ONT holders can earn ONG tokens, while ONG tokens power all operations on the chain—combining long-term staking with daily utility. For investors focused on the next wave of compliant, data-driven Web3 applications, keeping an eye on the price of ONG coins and staking yields at Gate may be a strategic move. As always, DYOR will track the delivery of the roadmap and leverage Gate's powerful trading and yield suite to fully capitalize on the Ontology ecosystem.

Author: Cinnie, Gate.io Researcher Translator: Sherry S. *This article only represents the author's views and does not constitute any trading advice. Investment involves risks, and users should make cautious decisions. *The content of this article is original and copyright belongs to Gate.io. If you need to reprint it, please indicate the author and source, otherwise legal responsibility will be pursued.