Ontology Gas
ONG
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₹27.53
LIVE
Watchlist
24H Low ₹26.37
24H High ₹28.55
Price of ONG today
The current live price of ONG today is ₹27.53, with a 24-hour trading volume of ₹2,16,11,09,618.72. Our ONG to INR price is updated in real-time. ONG has seen a increment of 3.57% in the last 24 hours. With a live market cap of ₹10,82,64,20,943.25 , the circulating supply is at 392,250,979 ONG coins, with a maximum supply of 1,000,000,000ONG coins.
Ontology Gas Price History
Date Comparison | Amount Change | % Change |
---|---|---|
Today | ₹0.57 | 2.11% |
7 Days | -₹1.11 | 3.88% |
30 Days | ₹5.05 | 22.27% |
1 Year | ₹5.85 | 28.07% |
Ontology Gas Price Information
Price Change (1hr)
2.2%
Price Change (24hr)
2.11%
Price Change (7d)
3.88%
Ontology Gas Market Stats
Market Cap
₹10,82,64,20,943.25
Fully Diluted Market Cap
₹27,60,07,49,335.35
24hr Volume
₹2,16,11,09,618.72
100.92%
Circulating Supply
392250978.84 ONG
Total Supply
1000000000 ONG
Things to know about Ontology Gas
What is the token?
Ooki Protocol (OOKI) is a decentralized finance (DeFi) platform that offers a suite of financial services, including tokenized margin trading, borrowing, lending, and staking. It operates on a community-driven model where OOKI token holders can participate in governance decisions, influencing the direction and development of the protocol. The platform emphasizes user autonomy by providing services without needing traditional Know Your Customer (KYC) processes, leveraging blockchain technology to maintain security and privacy. Ooki Protocol supports leveraged trading with up to 15x leverage, allowing users to amplify their trading outcomes. Additionally, it offers a non-custodial solution, ensuring users maintain control over their assets. The protocol operates across multiple blockchains, including Ethereum, Polygon, and Binance Smart Chain, and it aims to expand its reach and interoperability within the DeFi ecosystem.
Tokenomics
The OOKI token serves multiple purposes within the Ooki Protocol ecosystem. It is primarily a governance token, enabling holders to vote on proposals and participate in the platform's decision-making process. Token holders can also stake their OOKI to earn a share of the platform's revenue, aligning users' interests with the protocol's success. The total supply of OOKI tokens is capped at 10.5 billion, with a portion allocated for staking rewards, platform development, and community incentives. Tokenomics encourages active participation and investment in the protocol, fostering a robust and engaged community.
Market Data
As of today 06 October 2024, the price of Ontology Gas is ₹27.53 INR, with a 24-hour trading volume of 24309444.53 USD. The market capitalization for Ontology Gas is 121782012.86USD. The circulating supply is 392250978.84 Ontology Gas, with the total supply also being 1000000000 Ontology Gas.
Token Pros and Cons
Pros:
Decentralized Governance
: OOKI token holders have a say in the protocol's development, ensuring decisions reflect the community's interests.
Non-Custodial
: Users retain control over their assets, enhancing security and trust in the platform.
Multi-Chain Support
: Compatibility with multiple blockchains increases accessibility and potential user base.
Revenue Sharing
: Staking OOKI tokens allow users to earn a portion of the platform's fees, providing an incentive for long-term holding and participation.
No KYC/AML Requirements
: The platform's services are accessible without traditional verification processes, lowering entry barriers for users worldwide.
Cons:
Complexity for New Users
: The range of services and governance participation may be overwhelming for those new to DeFi.
Market Volatility
: As with all cryptocurrencies, OOKI's value can be highly volatile, presenting risks for investors.
Smart Contract Risks
: Despite audits, smart contracts are susceptible to bugs and vulnerabilities, which could lead to loss of funds.
Regulatory Uncertainty
: The evolving regulatory landscape for DeFi and cryptocurrencies could impact Ooki Protocol's operations and token value.
Competition
: The DeFi space is crowded, and Ooki Protocol faces stiff competition from other platforms offering similar services.
Why Should You Invest in the Coin?
Governance Participation
: Investing in OOKI grants you a voice in the protocol's future, directly influencing its development and features.
Earning Potential
: OOKI holders can earn passive income through staking and revenue sharing, benefiting from the platform's growth.
Access to DeFi Services
: The platform offers a comprehensive suite of DeFi services, including leveraged trading and lending, without centralized control.
Community-Driven Development
: The protocol's emphasis on community governance ensures that it evolves in alignment with user needs and preferences.
Innovative Features
: Ooki Protocol constantly develops new features and expands its ecosystem, potentially increasing the token's value over time.
USP of the coin
Decentralized Governance Model
: OOKI's community-driven approach to governance sets it apart, ensuring that users have a significant say in the protocol's direction.
Comprehensive DeFi Platform
: Offering a wide range of services, from leveraged trading to lending within a single ecosystem, enhances user convenience and appeal.
Cross-Chain Functionality
: Support for multiple blockchains enhances interoperability and accessibility, broadening the protocol's user base.
The problem the coin is solving
Ooki Protocol addresses several critical issues in the traditional financial and emerging DeFi sectors. It eliminates the need for centralized control and KYC/AML processes, reducing entry barriers and enhancing privacy. The platform also provides a comprehensive suite of DeFi services in a single ecosystem, improving user experience and accessibility. Additionally, its governance model ensures that the protocol remains responsive to community needs and evolves in a direction that benefits all stakeholders.
Founder and team background
James T. is identified as one of the founders of the Ooki Protocol. While details about his background are not provided, his involvement suggests a leadership team experienced in blockchain and DeFi. The project's emphasis on community governance and innovative DeFi solutions indicates a team committed to advancing the decentralized finance ecosystem.
ICO Price
The ICO price of Ooki Protocol (ONG) token is not available.
Risks Associated with Investing in the Coin
Regulatory Risks
: Changes in cryptocurrency regulations could adversely affect the platform's operations and token value.
Market Competition
: The DeFi space is highly competitive, with many platforms offering similar services.
Technical Vulnerabilities
: Potential bugs or exploits in intelligent contracts could lead to loss of funds.
Volatility
: Cryptocurrency prices are highly volatile, and OOKI is no exception, posing investment risks.
Liquidity Risks
: Depending on market conditions, there may be challenges in buying or selling large amounts of OOKI without affecting its price.
Whitepaper Insights
The Ooki Protocol whitepaper presents a vision for a decentralized finance (DeFi) platform that offers various services, including margin trading, borrowing, lending, and staking. The protocol is designed to be fully decentralized and community-governed, with the OOKI token as the governance token. This token allows holders to participate in the decision-making process for the protocol's development and changes. The whitepaper emphasizes the importance of no KYC requirements and a non-custodial approach, ensuring users maintain control over their assets and personal information.
The protocol supports smart contract programmability, which allows for creating flexible applications that leverage the network's features. One of the key features highlighted in the whitepaper is margin trading, which enables traders to take out loans to amplify their trading positions, thus increasing both potential returns and risks. The Ooki Protocol operates across multiple blockchains, including Ethereum, Polygon, Binance Smart Chain, and Arbitrum, which broadens its accessibility and interoperability within the DeFi space.
The whitepaper also details the Ooki DEX, a decentralized exchange that offers advanced features typically found in centralized exchanges, such as margin trading and shorting. Users can leverage their trades up to 15x and engage in perpetual positions, streamlining the trading experience. The protocol includes peer-to-peer lending systems and staking protocols, where lenders can earn returns with minimal risk due to over-collateralization requirements and liquidation mechanisms.
In summary, the Ooki Protocol aims to provide a comprehensive DeFi platform that empowers users with advanced trading strategies, lending and borrowing options, and a strong emphasis on community governance. The protocol's design seeks to address the limitations of traditional finance by offering a decentralized, user-controlled alternative that operates across multiple blockchain ecosystems.
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Price as per 08:00 AM • 06 Oct 2024
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What is the price of Ontology Gas (ONG)?
The current price of Ontology Gas (ONG) in INR is ₹27.53 INR.
What is the current ONG market cap?
The current market capitalization of Ontology Gas (ONG) is ₹10,82,64,20,943.25 INR. This value represents the total market value of all coins in circulation, calculated by multiplying the current price of ONG by the number of coins in circulation.
What is the current supply of Ontology Gas (ONG)?
The current supply of Ontology Gas (ONG) is 392250978.84 ONG. This figure represents the total number of coins that have been mined and are currently in circulation.
What is the 24 trading volume of Ontology Gas (ONG)?
The 24-hour trading volume of Ontology Gas (ONG) in INR is ₹2,16,11,09,618.72. This figure represents the total value of all ONG transactions across various exchanges within the last 24 hours.
How to Buy Ontology Gas (ONG) in India?
To buy Ontology Gas (ONG) via Mudrex, simply sign up and create an account on their platform. Proceed by completing the KYC process to verify your identity. Once verified, deposit funds into your account using the available methods. With your account funded, you're all set to start investing in ONG.
Can I buy Ontology Gas (ONG) with UPI?
Yes, you can buy Ontology Gas (ONG) with UPI on Mudrex, which accepts payments through popular UPI apps like Paytm, PhonePe, and Google Pay, offering a convenient and quick way to invest.
How to Convert Ontology Gas (ONG) to Indian Rupee (INR)?
To convert Ontology Gas (ONG) to Indian Rupee (INR), you can use our ONG/INR conversion rates in real time.