gDOT,
While public hype moves in cycles, the underlying technology, @Polkadot has steadily evolved, bringing Web3 closer to mainstream adoption across industries far beyond finance.
Polkadot’s technology is designed to enhance real-world use cases beyond finance, such as: decentralized identifiers (DID), decentralized storage, and on-chain gaming.
Here’s how and related projects 🧵👇🏻
At the heart of Polkadot is the #RelayChain, which provides shared security for all parachains connected to it. This means that individual parachains, whether they are focused on identity systems, storage solutions, or games, do not need to establish their own separate networks of validators.
Instead, they automatically inherit the security of the entire #Polkadot network. As a result, new projects can launch quickly and securely without the immense overhead typically required to secure a blockchain.
In gaming, #Polkadot’s Cross-Consensus Messaging (XCM) makes it possible for in-game assets like #NFTs to move seamlessly between different titles or platforms, unlocking the potential for open, connected game economies.
Because #XCM system enables different parachains to communicate directly and trustlessly.
For example, a #DID created on one parachain can be verified and used on another without the need for centralized bridges or wrapping mechanisms.
Here are potential projects on these sectors:
[1] Gaming
✨ @playmythical (NFL Rivals, Pudgy Party, upcoming FIFA Rivals): Creating mobile-first, user-owned gaming economies at scale.
✨ @AjunaNetwork: Providing high-fidelity, decentralized gaming engines built natively on Polkadot.
✨ @Unique_NFTchain: Developing infrastructure for NFT-powered gaming, with composable in-game assets that work across ecosystems.
[2] Decentralized storage
@CrustNetwork: A parachain on Polkadot that provides decentralized cloud storage solutions. It leverages IPFS and blockchain incentives to ensure data is stored reliably across distributed nodes.
@peaq: Powering decentralized mobility networks (vehicles, drones) where users own the infrastructure — not centralized corporations.
[3] Decentralized Identity (DID)
@Kiltprotocol: KILT allows users to create, manage, and present verifiable credentials without relying on centralized providers. Users own their identities (self-sovereign identity).
@origin_trail: Building verifiable decentralized knowledge graphs (DKG) to power AI applications with authenticated, non-tamperable data.
a decentralized identity aggregation protocol. It lets users securely manage multiple identities across blockchains and provides identity-based services like credit and reputation scoring.
@OntologyNetwork: is constructing the infrastructure to give trusted access to Web3, allowing consumers and organizations to be certain that regulatory compliant digital identity solutions prioritize users and their privacy.
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Ontology price performance in USD
The current price of Ontology is $0.10940. Over the last 24 hours, Ontology has decreased by -1.88%. It currently has a circulating supply of 913,697,857 ONT and a maximum supply of 1,000,000,000 ONT, giving it a fully diluted market cap of $100.05M. At present, Ontology holds the 0 position in market cap rankings. The Ontology/USD price is updated in real-time.
The rating provided is an aggregated rating collected by OKX from the sources provided and is for informational purpose only. OKX does not guarantee the quality or accuracy of the ratings. It is not intended to provide (i) investment advice or recommendation; (ii) an offer or solicitation to buy, sell or hold digital assets; or (iii) financial, accounting, legal or tax advice. Digital assets, including stablecoins and NFTs, involve a high degree of risk, can fluctuate greatly, and can even become worthless. The price and performance of the digital assets are not guaranteed and may change without notice. Your digital assets are not covered by insurance against potential losses. Historical returns are not indicative of future returns. OKX does not guarantee any return, repayment of principal or interest. OKX does not provide investment or asset recommendations. You should carefully consider whether trading or holding digital assets is suitable for you in light of your financial condition. Please consult your legal/ tax/ investment professional for questions about your specific circumstances.
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Ontology (ONT) is an innovative blockchain project aiming to transform identity and data management and sharing. With its unique approach to blockchain technology and a dedicated team, Ontology has gained significant traction among traders and enthusiasts, positioning itself as a promising player in the blockchain industry.
What is Ontology
Ontology is a decentralized blockchain platform that aims to provide a robust infrastructure for trust, identity, and data exchange. Its main objective is to facilitate business adoption of blockchain technology by providing services such as data exchange and identity verification in a cost-effective, high-speed, and decentralized manner.
The platform achieves this by leveraging smart contracts and ledger accounts, enhancing transparency, trust, and privacy for its users. Ontology effectively powers its network through a dual token system, comprising ONT and Ontology Gas (ONG) tokens.
The Ontology team
The Ontology team is led by accomplished leaders, including Chief Strategy Officer Andy Ji and founder Jun Li, who have demonstrated their expertise and achieved notable success in the blockchain industry.
Jun Li brings a wealth of experience, having spent 16 years working in the IT and fintech sectors. His background as a senior blockchain architect and blockchain solutions professional positions him as a valuable asset to the Ontology project, contributing to its strategic direction and advancements.
Andy Ji is also an experienced blockchain technology leader, with significant leadership roles in various organizations and alliances, including Top 500 Blockchain groups, Wanda Technology Group, Hyperledger, and the China Blockchain Ecosystem Alliance (CBEA).
How does Ontology work
Ontology employs a unique architecture that combines diverse technologies, creating a robust and efficient blockchain ecosystem. The platform's support for multiple blockchains and protocols enables smooth interoperability between various systems. For instance, by utilizing its Ethereum Virtual Machine (EVM), Ontology ensures compatibility with Ethereum-based assets, promoting connectivity with other blockchain networks for data exchange and collaboration. This decentralized infrastructure allows easy integration into third-party systems.
ONT ID stands out as Ontology's key feature, serving as an identity verification protocol harnessing blockchain technology. Additionally, Ontology offers its own ONT Wallets, providing users with a flexible digital wallet for storing cryptocurrencies and NFTs.
Ontology’s native token: ONT
ONT is the native token of the Ontology network. ONT holders can participate in the network's governance by voting on proposals and contributing to decision-making processes. Additionally, ONT tokens are used to pay for transaction fees, deploy smart contracts, and access a wide range of services offered within the Ontology ecosystem.
ONT tokenomics
The total supply of ONT tokens is capped at 1 billion, with no further issuance planned in the future. The distribution of tokens is strategically allocated to various stakeholders, including the Ontology team, institutional investors, and community members. This balanced distribution not only encourages decentralization but also promotes active community engagement and participation within the Ontology ecosystem.
ONT use cases
ONT's main use case is to transfer and store value on the Ontology network. Holders can also vote on proposed upgrades, changes and other major project decisions. Furthermore, through the exchange of ONG rewards, holders can stake ONT to help secure the network.
ONT token distribution
The distribution of ONT tokens is as follows:
28 percent: Co-builders (institutional partners)
25 percent: Ontology ecosystem development
15 percent: Ontology core team
12 percent: Ontology community
10 percent: NEO council
10 percent: Ontology technical community reward
The future of Ontology
Ontology's commitment to interoperability, trust, and data management positions it as a powerful force in the blockchain industry. With its innovative solutions, Ontology has the potential to bring about transformative changes across various sectors. From enabling secure and efficient data exchange to revolutionizing identity verification and fostering innovative business models, Ontology is poised to redefine the way we interact with digital assets and information.
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Number of posts mentioning a token in the last 24h. This can help gauge the level of interest surrounding this token.
Contributors
Number of individuals posting about a token in the last 24h. A higher number of contributors can suggest improved token performance.
Interactions
Sum of socially-driven online engagement in the last 24h, such as likes, comments, and reposts. High engagement levels can indicate strong interest in a token.
Sentiment
Percentage score reflecting post sentiment in the last 24h. A high percentage score correlates with positive sentiment and can indicate improved market performance.
Volume rank
Volume refers to post volume in the last 24h. A higher volume ranking reflects a token’s favored position relative to other tokens.
In the last 24 hours, there have been 1.6K new posts about Ontology, driven by 763 contributors, and total online engagement reached 96K social interactions. The sentiment score for Ontology currently stands at 65%. Compared to all cryptocurrencies, post volume for Ontology currently ranks at 3264. Keep an eye on changes to social metrics as they can be key indicators of the influence and reach of Ontology.
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Posts
1,610
Contributors
763
Interactions
95,815
Sentiment
65%
Volume rank
#3264
X
Posts
1,262
Interactions
83,058
Sentiment
64%
Ontology FAQ
How much is 1 Ontology worth today?
Currently, one Ontology is worth $0.10940. For answers and insight into Ontology's price action, you're in the right place. Explore the latest Ontology charts and trade responsibly with OKX.
What is cryptocurrency?
Cryptocurrencies, such as Ontology, are digital assets that operate on a public ledger called blockchains. Learn more about coins and tokens offered on OKX and their different attributes, which includes live prices and real-time charts.
When was cryptocurrency invented?
Thanks to the 2008 financial crisis, interest in decentralized finance boomed. Bitcoin offered a novel solution by being a secure digital asset on a decentralized network. Since then, many other tokens such as Ontology have been created as well.
Watch this video to learn about what happens when you move your money to a crypto exchange.
Disclaimer
The social content on this page ("Content"), including but not limited to tweets and statistics provided by LunarCrush, is sourced from third parties and provided "as is" for informational purposes only. OKX does not guarantee the quality or accuracy of the Content, and the Content does not represent the views of OKX. It is not intended to provide (i) investment advice or recommendation; (ii) an offer or solicitation to buy, sell or hold digital assets; or (iii) financial, accounting, legal or tax advice. Digital assets, including stablecoins and NFTs, involve a high degree of risk, can fluctuate greatly. The price and performance of the digital assets are not guaranteed and may change without notice. OKX does not provide investment or asset recommendations. You should carefully consider whether trading or holding digital assets is suitable for you in light of your financial condition. Please consult your legal/tax/investment professional for questions about your specific circumstances. For further details, please refer to our Terms of Use and Risk Warning. By using the third-party website ("TPW"), you accept that any use of the TPW will be subject to and governed by the terms of the TPW. Unless expressly stated in writing, OKX and its affiliates (“OKX”) are not in any way associated with the owner or operator of the TPW. You agree that OKX is not responsible or liable for any loss, damage and any other consequences arising from your use of the TPW. Please be aware that using a TPW may result in a loss or diminution of your assets. Product may not be available in all jurisdictions.
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