Ontology (ONT): A blockchain that gives everyone a digital ID
Ontology (Ontology, abbreviated as ONT) is a public chain project founded by Chinese entrepreneur Li Jun in 2017 and officially launched in 2018. In simple terms, it is a blockchain operating system specifically designed to help enterprises and individuals manage identity, data, and trust. You can think of it as a super secure digital ID + credit profile system.
The core function of Ontology is decentralized identity (DID). For example, if you register a digital identity on the ONT network, this identity belongs solely to you and cannot be arbitrarily taken away by any company or government. You can use it to log into various apps, prove your education, work experience, property ownership, and even prove your identity during cross-border payments, all without exposing your real name or too much personal information. Privacy protection is well implemented.
In addition to identity, Ontology also supports smart contracts, data sharing, and cross-chain functionality. It can run DApps like Ethereum but focuses more on enterprise-level applications, such as supply chain finance, medical data sharing, copyright management, etc. Many traditional enterprises are willing to use Ontology because it has a strong compliance design that meets regulatory requirements.
ONT is the native token of the Ontology network, with a total supply of 1 billion tokens, of which 65% are distributed through mining and ecological incentives. Holding ONT allows you to participate in governance, stake for rewards (similar to PoS), or use it to pay network fees. After the mainnet was launched in 2018, ONT was once speculated to a high price, reaching over $30, but later fell significantly during the bear market, now basically hovering between $0.1 and $0.3. Ontology's biggest advantages are its practicality and Chinese background.
It has collaborated on projects with many governments and state-owned enterprises, such as digital RMB related pilot programs, supply chain traceability, etc. The downside is that ecological development is slow, and the number of DApps and users does not match up to star public chains like Ethereum and Solana. Overall, Ontology is not a coin that became popular through speculation, but a tool project that genuinely aims to solve real-world identity and trust issues.
If you believe that every person will need a controllable digital identity in the future, Ontology (ONT) is one of the early players in this field.
$ONT
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