ONT is the governance coin of the Ontology Research network which aims to revolutionize identity security and data integrity with blockchain technology. Having achieved a modicum of recognition in the crypto sphere and a top 100 CoinMarketCap ranking, ONT is accepted as payment by businesses, from a Miami-based women’s clothing boutique to a French scented-candle company.
Who accepts ONT…
Should you buy ONT?
How much do you hate it when you’re signing up for a new cryptocurrency wallet, financial service, or another online service (like website hosting) and they ask for intimate personal information as part of their onboarding process? You send them your social security or ID number, a recent bill with your home address, a photo of your credit card, or even a selfie. And then you just hope that they are keeping all this precious information very safe. Ontology aims to fix this; in the future, you’ll just provide a unique signature to verify that you are who you say you are with Ontology’s unhackable blockchain-powered self-sovereign ID technology. If that sounds dramatically more convenient than the way things are done now, perhaps you want you’ll want invest in Ontology…
Ontology | A blockchain for self-sovereign ID and DATA
Both ONT and ONG are utility tokens. Ontology decouples ONT and ONG to alleviate the risk of turbulent fluctuations of…
ONT has not been a good investment since its inception as a NEO-derivative, it reached an all-time high of $10 after its launch and then crashed badly languishing below a $1 for most of its history. Isthiscoinascam.com gave ONT a credibility score of 6.33/10 which is encouraging.
They also operate a data-attestation marketplace and become an official Google Cloud partner in 2020. However, what left me scratching my head was trying to figure out where in the world the company is based, they list both the British Virgin Islands and Singapore on social media and it looks like the majority of their team is Chinese. Unfortunately, this is a red flag, I’m pretty bearish about any crypto project that must operate within the good graces of the Chinese government.
Ontology is a next-gen network of public blockchains, and a distributed, trust-based collaboration platform with integrated support for ledger accounts and smart contracts.
Apart from providing support for the services and applications running on its public chains, Ontology also supports the public chains of the applications that have been developed on it’s framework, and collaboration with various protocol groups.
On a more fundamental level, Ontology continues to provide a wide range of universal modules, such as the Distributed Identity Framework (DID), the distributed Distributed Data Exchange Framework (DDXF), and other such distributed trust collaboration packages and modules.
From the introduction of the Ontology whitepaper
Ontology (ONT) is a NEO-based token that was distributed to campaign participants via “airdrop,” or the disbursement of coins for free. Ontology is a public blockchain project and one of the first of its kind to be released on the NEO platform (NEO is affectionately referred to “China’s Ethereum”).