The ONT digital currency – is the currency of the Ontology project designed to provide trust, privacy, and security to Web3 through decentralized identity and data solutions.
The blockchain in Ontology is a high-speed, low-cost public blockchain. It is designed to provide decentralized solutions for identity and data to Web3, with the aim of increasing privacy, transparency, and trust. To achieve this, users and organizations are given the flexibility to build blockchain-based solutions that meet their needs, while also ensuring regulatory compliance.
Upon its launch, Ontology chose to forgo the initial coin offering model in favor of a series of community distributions and airdrops of the ONT digital currency.
This helped create a rapid organic price discovery and an enthusiastic community and assisted the project in avoiding subsequent regulatory scrutiny.
