Ontology
ONT
Watchlist
₹14.29
LIVE
Watchlist
24H Low ₹13.66
24H High ₹14.43
Price of ONT today
The current live price of ONT today is ₹14.29, with a 24-hour trading volume of ₹42,93,11,715.84. Our ONT to INR price is updated in real-time. ONT has seen a decrease of -0.38% in the last 24 hours. With a live market cap of ₹12,97,14,10,300.92 , the circulating supply is at 907,697,857 ONT coins, with a maximum supply of 1,000,000,000ONT coins.
Ontology Price History
Date Comparison | Amount Change | % Change |
---|---|---|
Today | -₹0.06 | 0.43% |
7 Days | -₹1.83 | 11.36% |
30 Days | -₹1.93 | 11.93% |
1 Year | -₹5.98 | 30.04% |
Ontology Price Information
Price Change (1hr)
0.56%
Price Change (24hr)
0.43%
Price Change (7d)
11.36%
Ontology Market Stats
Market Cap
₹12,97,14,10,300.92
Fully Diluted Market Cap
₹14,29,04,49,405.33
24hr Volume
₹42,93,11,715.84
13.54%
Circulating Supply
907697857 ONT
Total Supply
1000000000 ONT
Things to know about Ontology
What is the token?
Ontology (ONT) is a high-performance public blockchain and distributed collaboration platform.
Designed for trust, privacy, and security in Web3 with decentralized identity and data solutions.
Supports cross-chain collaboration and Layer 2 scalability.
Allows businesses to design a blockchain to suit their needs.
Tokenomics
Uses a dual-token model: ONT and Ontology Gas (ONG).
ONT is used for storage and transfer of value on the network.
ONT holders can delegate stakes to the Triones node for governance participation.
ONG is used for fees and transactions, including smart contract deployment.
Market Data
As of today 05 November 2024, the price of Ontology is ₹14.29 INR, with a 24-hour trading volume of 4850979.84 USD. The market capitalization for Ontology is 146569607.92USD. The circulating supply is 907697857 Ontology, with the total supply also being 1000000000 Ontology.
Token Pros and Cons
Pros:
Established Team: The project is backed by the OnChain team, known for their work on NEO, which lends credibility and expertise to the Ontology project
Efficient Consensus Mechanism: Ontology uses a unique VBFT consensus mechanism, which is a combination of PoS, BFT, and VRF, allowing for efficient transaction processing
Multiple Business Use Cases: Ontology is designed to offer a range of business benefits, making it highly adaptable for enterprises of various sizes
Strategic Partnership with NEO: Sharing resources with the well-established NEO project could enhance Ontology's visibility and adoption
Decentralized Identity and Data Solutions: Ontology focuses on providing decentralized identity and data solutions, which are crucial for Web3 applications
High Speed and Low Cost: The Ontology blockchain is designed to be fast and cost-effective, making it accessible for users and enterprises
Control Over Identity and Data: ONT ID allows users to protect their identity and data with encryption, giving them full control over their digital footprint
Cross-Chain Wallet: The ONTO Wallet is a cross-chain wallet that manages digital identity, data, and assets, providing users with complete control
Cons:
Country of Origin's Stance on Crypto: China's hard-line stance towards cryptocurrencies could pose risks to the project's future
Potential Clash with NEO: Despite the strategic partnership, Ontology and NEO have similar functionality, which could lead to competition between the two
Complexity for Users: The technical complexity of blockchain and consensus mechanisms may be challenging for the average user to understand
Market Sentiment: Technical indicators signal a bearish market sentiment for Ontology, which could affect investor confidence
Scalability Challenges: While Ontology aims to address scalability, it is an ongoing challenge that many blockchains face and Ontology's solutions will need to prove effective in practice.
Why Should You Invest in the Coin
Ontology focuses on trust, privacy, and security with a unique blockchain approach.
The dual-token model supports scalability and efficient transactions.
Research and risk consideration is important before investing.
USP of the coin
Focus on trust, privacy, and security with decentralized identity and data solutions.
Supports cross-chain collaboration and Layer 2 scalability for business-customized blockchains.
The problem the coin is solving
Addresses trust, privacy, and security in Web3.
Provides a framework for business-specific blockchain design and regulatory compliance.
Builds infrastructure for trusted Web3 access through decentralized solutions.
Founder and team background
Jun Li is a founder with nearly two decades in IT and fintech.
ICO Price
No traditional ICO; private sale and airdrop to NEO holders and email list subscribers.
Risks Associated with Investing in the Coin
High volatility and liquidity risks.
Shorter track record due to recent inception.
Success depends on adoption by users, enterprises, and developers.
Whitepaper Insights
Ontology is a high-performance public blockchain and distributed collaboration platform. It is designed to bring trust, privacy, and security to Web3 through decentralized identity and data solutions. Ontology’s infrastructure supports robust cross-chain collaboration and Layer 2 scalability, offering businesses the flexibility to design a blockchain that suits their needs.
Ontology operates a dual-token model using an architecture that supports scalability and rapid, high-volume, low-cost transactions. The two tokens are ONT and Ontology Gas (ONG). The ONT token serves as the primary means of both storage and transfer of value on the Ontology network. When ONT token holders delegate their stake to a Triones node, they allow that node operator to make proposals and vote on matters of governance on their behalf. Fees and transactions on the Ontology network are paid for using the ONG token. Deploying smart contracts, for example, uses ONG in the process.
Ontology is solving the problem of trust, privacy, and security in the Web3 space. It provides a framework for businesses to design their own blockchain that suits their needs while also ensuring regulatory compliance. Through its decentralized identity and data solutions, Ontology is building the infrastructure to provide trusted access to Web3.
Investing in Ontology could be beneficial due to its unique approach to blockchain technology, focusing on trust, privacy, and security. Its dual-token model supports scalability and rapid, high-volume, low-cost transactions, which could be attractive for investors looking for a blockchain with these features. However, as with any investment, it’s important to do thorough research and consider the risks involved.
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Price as per 10:47 AM • 05 Nov 2024
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What is the price of Ontology (ONT)?
The current price of Ontology (ONT) in INR is ₹14.29 INR.
What is the current ONT market cap?
The current market capitalization of Ontology (ONT) is ₹12,97,14,10,300.92 INR. This value represents the total market value of all coins in circulation, calculated by multiplying the current price of ONT by the number of coins in circulation.
What is the current supply of Ontology (ONT)?
The current supply of Ontology (ONT) is 907697857 ONT. 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 (ONT)?
The 24-hour trading volume of Ontology (ONT) in INR is ₹42,93,11,715.84. This figure represents the total value of all ONT transactions across various exchanges within the last 24 hours.
How to Buy Ontology (ONT) in India?
To buy Ontology (ONT) 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 ONT.
Can I buy Ontology (ONT) with UPI?
Yes, you can buy Ontology (ONT) 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 (ONT) to Indian Rupee (INR)?
To convert Ontology (ONT) to Indian Rupee (INR), you can use our ONT/INR conversion rates in real time.