Why is Ontology Gas important?
Ontology Gas (ONG) is the fuel for Ontology Network, providing payment for transactions and services in the decentralized identity ecosystem. Launched in 2018, the project offers scalable solutions for businesses. The ONG token stimulates the ecosystem by providing liquidity, staking, and governance.
Features of Ontology Gas
Ontology Gas stands out due to:
Dual tokenomics: ONG for gas, ONT for staking.
ONT ID: Decentralized identification.
DDXF: Data exchange.
Scalability: 10,000 TPS.
Cross-chain: Ethereum, BNB Chain.
Role of the ONG token
ONG is used for:
Gas payments: Transactions on the network.
Staking: Generation from ONT.
Voting: Updates.
Market indicators
Price ONG/USDT — $0.1728 USD, market capitalization — $69.12 million, trading volume — $3,268,501 USD. The token fell by 0.32% over the day but rose by 5.80% over the week. FDV — $172.8 million.
Achievements
Ontology 2.0 integrated EVM, TVL — $500 million. Airdrop on Binance attracted users.
Latest news
Binance launched zero fees. Posts on X predict growth to $0.197.
Use cases
ONG is used for ONT ID and DDXF.
Competitor analysis
ONG competes with ETH, but the focus on identification is unique.
Risks
Volatility and competition.
Prospects
Integration with Solana could raise ONG to $0.3779.
Conclusion
ONG — fuel for Ontology, with growth potential.
