Ontology Assets
Last updated
Last updated
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 turbulent 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 to be inputs. ONG is used as a value-anchoring tool for on-chain applications and is used in the transactions on the chain.
Swapping ONT for ONG：
Other ways to get ONG: https://medium.com/ontologynetwork/how-to-get-your-first-ong-90583d5f0623
Inside Onto App
Go to the discover tab
There you will search for UNIFI
Then inside the unifi app you will be able to swap ONG to ONTd and then ONTd to ONT
Participate in Ontology node staking. Stake your ONT to earn ONG rewards.
Introduction of Ontology’s Governance and Staking Economic Model:
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-5415ba1bb53c
Current circulating supply can be found here: https://coinmarketcap.com/currencies/ontology/ https://coinmarketcap.com/currencies/ontology-gas/
Information of unlocked ONT: https://medium.com/ontologynetwork/ontologys-ont-token-distribution-and-circulating-supply-da96d5540827
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/) and check the latest transaction status.