What is Ontology (ONT)

Ontology or ONT Token (ONT/USDT – Trade it here) is a high-performance public multi-chain system and a distributed trust collaboration platform. It’s created to help companies use blockchain technologies by offering tools such as identity verification and information exchange. This article will explore main features of the project plus ways of how to buy ONT, sell and earn it on MEXC.

What is Ontology (ONT)
What is Ontology (ONT)

Ontology Blockchain

The Ontology blockchain is a high speed, low cost public chain bringing decentralized identity and data solutions to Web3. Increasing privacy, transparency, and trust, the high speed, low cost, layer 2 blockchain is designed to give users and enterprises the flexibility to build blockchain-based solutions that suit their needs, while also ensuring regulatory compliance. Through Ontology’s Ethereum Virtual Machine (EVM), Ontology ensures frictionless compatibility with Ethereum, the first step in the creation of the Ontology Multi-Virtual Machine and further interoperability for the chain.

OWN or Ontology Web3 Network Infrastructure is based on blockchain protocols and products created by Ontology team for Web3 applications.

Ontology Underlying Layer: 

  • VBFT Consensus Mechanism 
  • Multi-VM Support 
  • Layer 2 Solution (based on Optimistic Rollup) 
  • Cross-Chain Collabration 

Ontology Protocol Layer 

  • ONT ID Decentralized 
  • Identity Framework (ONT Login, ONT TAG, Mercury, OScore) 
  • Reputation Protocol 
  • Orange Metadata Protocol 
  • POD *Orange Protocol and POD are community-driven projects 

Ontology Application 

  • Layer Web3 Gateway 
  • ONTO Wallet

How to buy ONT?

Looking for how to buy ONT? You can freely buy project token on MEXC via following the steps:

  1. Log in to your MEXC account and click [Trade]. Click on [Spot].
  2. Search “ONT” using the search bar to see the available trading pairs. Take ONT/USDT as an example.
  3. Scroll down and go to the [Spot] box. Enter the amount of ONT you want to buy. You can choose from opening a Limit order, a Market order or a Stop-limit order. Take Market order as an example. Click [Buy ONT] to confirm your order. You will find the purchased ONT in your Spot Wallet.

For the comprehensive guide on how to buy ONT and other available tokens, please visit special MEXC How to Buy Guides Section.

Recent ONT Token Price & Performance

Since listed on MEXC in 2021, ONT reached the highest price (ATH) of 2.96 USDT on 05/07/2021. Now in July 2022 it circulates around 0.2767 USDT.

Interested in crypto like Ontology?

MEXC lists gems and opens access to trading of most popular crypto coins like ONT, keep an eye on new trading stars in Innovation and Assessment zones, as well as major tokens in the Main Zone – we have more great projects to come! Also, visit the hot projects section to find more hot tokes that were listed already. If you would like to know more about crypto trading itself visit MEXC Academy.

Share your love to MEXC Global
Default image
MEXC Academy
Articles: 161
Read Learn Watch