$ONG Ontology Gas (ONG) is the utility token of the Ontology network. Its main functions are:
🔹 Transaction Fees – ONG is used to pay for on-chain transactions and smart contract execution.
🔹 Incentives & Rewards – It powers staking rewards and incentivizes network participants.
🔹 Resource Allocation – ONG fuels the Ontology ecosystem, ensuring smooth operation of dApps and services.
🔹 Dual-Token System – Works alongside ONT (governance token), making Ontology efficient and sustainable.
🚀 Good news: ONG plays a vital role in keeping Ontology fast, secure, and scalable — a backbone for Web3 identity and data solutions.