Ontology Trading Up 0.7% This Week (ONT)

() was 1.7% higher than the dollar in the one-day period ending 21:00 ET on the 2nd of June. In the past seven days, Ontology's value against the dollar has increased by 0.7%. Ontology's market cap is $196.16m and the exchanges have traded $8.05m worth of Ontology in the past 24 hours. On popular exchanges, one Ontology coin is now available for $0.22 or approximately 0.00000826 BTC.

The performance of other crypto currencies over the past 24 hours is shown below:

Ethereum (ETH), which is currently trading at $1,899.81 BTC or 1.7% more than the dollar, has traded up by 1.7%.

Cardano (ADA), which is currently trading at $0.38, or 0.00001389 BTC, has gained 2.7% in value against the dollar.

Avalanche (AVAX), which trades for $14.44, or 0.00053238 BTC, is now 1.7% higher than the dollar.

Cosmos (ATOM), which trades for $10.60, or 0.00039064 BTC, has gained 2.1% in value against the dollar.

Uniswap's (UNI) price is now $5.05, or 0.00018633 BTC. This represents a 0.9% increase against the USD.

Internet Computer (ICP), which trades for $4.77, or 0.00017597 BTC, has gained 1.1% in value against the dollar.

Hedera (HBAR), which is currently trading at $0.0505, or 0.00000186 BTC, has gained 0.5% in value against the dollar.

Cronos (CRO), which is currently trading at $0.0594, or 0.00000219 BTC, has traded 1.7% higher than the dollar.

NEAR Protocol (NEAR), which trades for $1.60, or 0.00005914 BTC, is now 2.9% higher than the dollar.

Algorand's (ALGO), which trades for $0.15 or 0.00000555 BTC, has gained 1.4% in value against the dollar.

It is a Proof-of-Stake (PoS), coin that uses VBFT's hashing algorithm. It was launched on the 27th of November 2017. Ontology has a total supply of 1,000,000,000 coins, and its circulating stock is 875 249 524 coins. Ontology’s official messageboard is
medium.com/ontologynetwork
.

CryptoCompare explains, "## What is Ontology?"

Ontology is an open-source blockchain platform designed to support the integration and development of digital systems. It uses a dual-token model consisting of the ONT and the ONG. The main token on the Ontology Platform is the ONT token, while the ONG is used for payment of transaction fees and usage charges.

Ontology is a modular and flexible framework that enables the development of dapps, as well as the integration of digital system across industries such a finance, healthcare and supply chain management. Smart contracts, identity solutions and data exchange protocol are used to facilitate secure data sharing and collaboration.

Who is the creator of Ontology?

Ontology is the brainchild of a group of developers, led by Jun Li. Jun Li founded Onchain, which is a blockchain-development company in China that has worked on several blockchain projects. Ontology's team is made up of individuals with backgrounds that include blockchain technology, finance, computer science and other related fields.

How is Ontology useful?

Ontology's primary use is as a platform for decentralized applications and integration of digital systems. The platform is designed to facilitate secure data sharing, collaboration, and integration across industries and use-cases, including supply chain management, finance, healthcare and healthcare.

The ONT token, which is the main token of the Ontology platform, can be used in a number of ways, including staking and governance as well as an exchange method for products and services offered within the Ontology eco-system. The ONG token is used for network usage and transaction fees, similar to the gas fees of the Ethereum network.

Ontology's overall goal is to provide a modular and flexible infrastructure for the development and integration of dapps, and to use a dual token system to encourage network participation and enable efficient network usage.

The ONT, which was previously a NEO token, has now launched its mainnet. It will be used as the utility token on the platform.

Ontology Coin Trading

It is not usually possible to buy alternative cryptocurrencies like Ontology using US dollars. To purchase Ontology, investors should first buy Bitcoin or Ethereum on an exchange dealing in US Dollars such as Gemini GDAX Changelly. MarketBeat.com’s FREE CryptoBeat Newsletter
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