Ontology is a robust blockchain platform designed for real-world applications, aiming to enable seamless collaboration between blockchain and existing systems. It offers tools for identity verification, data exchange, and business processes. Created by the Chinese company Onchain, led by Da Hongfei and Erik Zhang, Ontology expands blockchain's potential beyond cryptocurrencies for business adoption. Ontology Gas ($ONG) is the platform's utility token, used for transactions, smart contracts, and computational tasks on the Ontology network. It also incentivizes participation and network maintenance by being generated and distributed to ONT token holders who stake their tokens. This supports the platform's sustainability and growth.
