OntologyGas Price

OntologyGas (ONG) is a utility token that powers the Ontology blockchain ecosystem. It serves as the gas token for the network, used to pay for transaction fees and smart contract operations. Currently ranked #510 with a price of $0.1546, ONG has seen a -6.93% change in the last 24 hours. ONG has a circulating supply of 416.93M ONG out of a maximum supply of 1B ONG. The token operates primarily on the BNB Smart Chain (BEP20) platform and is part of the broader Ontology ecosystem, which focuses on providing a high-performance public blockchain specialized for decentralized identity and data solutions. With a market capitalization of $64.46M and a 24-hour trading volume of $133.59K, ONG plays an essential role in the Ontology network's dual-token economic model, working alongside ONT to create a complete blockchain infrastructure.

OntologyGas was created in 2017 by the Chinese company OnChain. It was developed as a utility token for the Ontology blockchain platform, functioning as part of Ontology's dual token model. OntologyGas serves as the gas token that powers transactions and smart contract operations within the Ontology ecosystem. As of 2025-06-22, OntologyGas has a circulating supply of 416.93M ONG out of a maximum supply of 1B ONG.

OntologyGas was founded by the Ontology team, led by Jun Li, who is also the founder of Onchain and serves as the Founder of Ontology. The project was developed as part of the Ontology ecosystem, which was established in 2017. OntologyGas functions as the utility token for the Ontology blockchain network, designed to pay for transaction fees and services within the ecosystem. The Ontology project is backed by a team of blockchain experts and developers from China, with strong connections to NEO, another prominent blockchain project. The founding team's vision was to create a robust infrastructure for implementing decentralized trust systems.

OntologyGas operates as the utility token for the Ontology blockchain ecosystem. It serves a critical function by being used to pay for transaction fees and smart contract execution costs on the network. While Ontology's main token (ONT) is primarily used for value storage and transfer, ONG ensures the network maintains predictable transaction costs, creating a user-friendly environment for both developers and users. As a gas token, ONG helps regulate network resources and prevent spam transactions. With a total supply of 1B ONG and 416.93M ONG currently in circulation, ONG plays an essential role in Ontology's dual-token economic model. The separation of governance (ONT) and utility (ONG) functions creates a more stable ecosystem where transaction costs remain predictable even as the network value grows. ONG can be earned by ONT holders through a staking mechanism, creating an incentive structure that rewards long-term participation in the network.

OntologyGas operates on a dual-token architecture within the Ontology blockchain ecosystem. The technical structure consists of: 1. Dual-Token System: ONG serves as the utility token that pays for network fees and services, while ONT functions as the governance token. 2. Consensus Mechanism: OntologyGas utilizes a modified VBFT (Verifiable Byzantine Fault Tolerance) consensus algorithm that combines PoS, VRF (Verifiable Random Function), and BFT for high performance and security. 3. Cross-Chain Protocol: The architecture includes a cross-chain protocol that enables interoperability with other blockchains. 4. Smart Contract Support: OntologyGas supports multiple programming languages for smart contract development, including Python and C#. 5. Sharding Technology: The network implements sharding to enhance scalability and transaction throughput. 6. Trust Framework: A comprehensive trust ecosystem with identity verification and data exchange protocols designed for enterprise applications. The total supply of ONG is 1B ONG, with 416.93M ONG currently in circulation.

OntologyGas has a promising future with a clear roadmap focused on expanding its utility within the Ontology ecosystem. As a Layer 1 solution, ONG aims to enhance blockchain interoperability and scalability by 2025. The development team is working on improving transaction speeds and reducing fees, with major protocol upgrades scheduled for 2026. The roadmap includes expanding ONG's DeFi capabilities, enhancing cross-chain functionality, and increasing enterprise adoption. With a current price of $0.1546 and market cap of $64.46M, ONG has significant growth potential as it approaches its maximum supply of 1B ONG. By 2027, ONG plans to implement advanced smart contract functionality and expand its presence in the BNB Chain ecosystem. Long-term goals include becoming a leading gas token for decentralized applications by 2030, with particular focus on identity verification solutions and data exchange protocols.