ONG – Operating Energy of the Ontology Ecosystem ⚡
In the Ontology ecosystem, besides the main token ONT, there is another equally important coin: Ontology Gas (ONG). This is the "fuel" that powers the network, ensuring that transactions, smart contracts, and decentralized applications (dApps) are executed smoothly.
ONG is generated through a release mechanism when users hold and stake ONT. This design helps maintain economic balance, while also encouraging the community to participate in securing and governing the network.
Unlike ONT – primarily used for governance and staking, ONG plays the role of paying transaction fees. This is similar to how GAS is used on NEO or ETH on Ethereum, creating real value for the token.
In the context of a rapidly developing Web3, ONG is not just a utility token, but also has the potential to become a long-term valuable asset, linked to the expansion of Ontology.
