We’re glad to announce the upcoming itemizing of two new cash — ONT and ONG. Each cash are a part of the Ontology mission, a distributed belief collaboration platform and a public blockchain protocol with excessive efficiency, permitting companies with no information of blockchain expertise to profit from it.
Ontology is a blockchain mission that claims to beat the present points in belief networks by making a distributed belief system. Its structure integrates a number of belief sorts in a protocol with a number of databases and blockchains. Ontology makes use of a particular consensus mechanism known as VBFT, comprising three totally different fashions: Byzantine Fault Tolerance (BFT), Proof-of-Stake (PoS), and Verifiable Random Operate (VRF). The system goals to profit many spheres, together with finance, funds, insurance coverage, IoT, media, software program growth, drugs, and authorities.
Apps that may be constructed utilizing Ontology embody distributed information exchanges, multi-source identification methods for folks and objects, collaborative methods, group administration methods, content material technology, and commerce modules, popularity methods, and inclusive monetary companies.
The Ontology staff consists of over 200 core members in Asia, Europe, and North America. They've in-depth experience in product administration, distributed applied sciences, app growth, and conventional finance. Moreover that, the mission has gained the help of over 2 million group members and over 900 technical contributors.
ONG and ONT cash
The Ontology ecosystem has created a twin token mannequin consisting of ONG and ONT cryptocurrencies, every of which serves a selected function. ONG is a utility token used for on-chain companies, whereas ONT is a coin used for staking in consensus. ONT permits customers to get passive earnings by taking part in staking.
ONG and ONT will probably be out there for all verified customers aside from residents of the US.
Mark your calendars
We’ll lengthen the buying and selling devices on CEX.IO with ONG and ONT cash on August 15, after 12 PM GMT. We advocate you save this date and learn more about Ontology prematurely.