Question 1

How much does Ontology Gas (ONG) currently cost?

Accepted Answer

Currently, the price of one Ontology Gas (ONG) token is XRP 0.05939737. In the past 24 hours, its price has decreased by -0.24%.

Question 2

What actually is Ontology Gas (ONG)?

Accepted Answer

Ontology Gas (ONG) is a utility token associated with the Ontology blockchain. Ontology seeks to become a comprehensive high-performance blockchain that blends public distributed ledgers and smart contract functionalities. It's associated with a dual token model that consists of Ontology (ONT), the main token, and Ontology Gas (ONG), the utility token. ONG is used for supporting and executing services on the Ontology blockchain.

Question 3

Who are the individuals behind Ontology Gas?

Accepted Answer

Ontology Gas is a product of the Ontology ecosystem. The specific people behind the project aren't directly mentioned, but the Ontology team is reputed to be made up of skilled individuals and experts from technology, business, and academia. The project was publicly launched by the Chinese company, Onchain, which also has ties to the popular cryptocurrency NEO.

Question 4

How exactly does Ontology Gas (ONG) work?

Accepted Answer

In the Ontology ecosystem, Ontology Gas (ONG) serves as the utility token. ONT, the core coin, can be staked for consensus purposes, whilst ONG is used for on-chain transaction and storage services. Ever since the MainNet of Ontology went live in June 2018, ONG tokens have been periodically released, being generated by ONT holders over time.

Question 5

What does the Ontology Gas blockchain framework offer?

Accepted Answer

The Ontology framework, in which Ontology Gas is a part, not only supports public blockchain systems but also lets you tailor them to varying applications through protocol groups. This flexibility aids in facilitating collaboration between different chain networks. Moreover, Ontology strives to consistently provide common modules on the underlying infrastructure to support an array of distributed scenarios, such as distributed data exchange protocol, digital identity framework, and more. As per scenario requirements, new common modules are unveiled too.

Question 6

How much Ontology Gas is currently circulating?

Accepted Answer

There are approximately 482.4M Ontology Gas (ONG) tokens currently in circulation. This might vary due to the token release structure and the dynamic nature of the overall circulating supply.

Question 7

How much is Ontology Gas's market capitalization?

Accepted Answer

As of now, the market capitalization of Ontology Gas (ONG) stands at XRP 28.7M, which puts it at rank #551 in terms of market cap size amongst all cryptocurrencies.

Question 8

Where can you purchase Ontology Gas (ONG)?

Accepted Answer

Ontology Gas (ONG) can be purchased at the following exchanges: BigONE, Binance US, CEX.io. Please ensure to use only reputable platforms for your transactions to avoid scams and protect your holdings.

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