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Ontology Assets

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What does "Insufficient ONG balance" mean? What is ONG? How much ONG do I need?

You need ONG as gas fee on Ontology blockchain. It usually costs 0.05 ONG per transaction.

Both ONT and ONG are utility tokens. Ontology decouples ONT and ONG to alleviate the risk of wild fluctuations of the native "asset" value on the gas fee. ONT is used as the staking tool, and the time, cost of staking, and operating costs of the nodes are considered as inputs. ONG is used as a value-anchoring tool for on-chain applications and for on-chain transactions.

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How do I get ONG? How do I Swap ONT for ONG?

Swapping ONT for ONG:

Swapping ONT for ONGchevron-right

Other ways to get ONG: https://medium.com/ontologynetwork/how-to-get-your-first-ong-90583d5f0623arrow-up-right

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How to Swap ONG for ONT?

  • Open your ONTO app.

  • Go to the "Discover" tab

  • Search for UNIFI

  • Swap ONG to ONTd and then ONTd to ONT within the UNIFI app

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How to earn ONG with my ONT?

Participate in Ontology node staking. Stake your ONT to earn ONG rewards.

Ontology Node Staking Guidechevron-right

Introduction of Ontology’s Governance and Staking Economic Model:

https://medium.com/ontologynetwork/continuing-to-refine-ontologys-governance-and-staking-economic-model-4c0c9cce1f51arrow-up-right

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Do we have any articles on how to become a candidate node for staking?

Yes. Check out this step-by-step guide to signing up and becoming an Ontology node:

https://medium.com/ontologynetwork/how-to-sign-up-to-run-an-ontology-node-5415ba1bb53carrow-up-right

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Information on the circulating supply of ONT and ONG?

The current circulating supply can be found here: https://coinmarketcap.com/currencies/ontology/arrow-up-right https://coinmarketcap.com/currencies/ontology-gas/arrow-up-right

Information on unlocked ONT: https://medium.com/ontologynetwork/ontologys-ont-token-distribution-and-circulating-supply-da96d5540827arrow-up-right

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Why did my transaction not go through when transferring to another wallet or exchange?

1）First, check if the wallet or exchange has announced that ONT or ONG transactions are disabled at the specific time.

2）Then check if your transaction address is correct, for example, if there is a problem with the address.

3）Last, you can enter the address through Ontology’s official explorer (http://explorer.ont.io/arrow-up-right) and check the latest transaction status.

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