Buy Ontology (ONT)
There are thousands of projects around the world based mainly on blockchain technology. They have a large number of users and hundreds of use cases. One of the most popular is the use of cryptocurrencies and their advantages over fiat money and centralized financial solutions. Today, poor privacy protections, poor data value utilization, data management monopoly, and ineffective identity authentication can be easily remedied.
Ontology is trying to solve these problems with a holistic ecosystem of trust.
What is Ontology?
Ontology has just taken a shot at the cryptocurrency market. The token was growing while the rest of the market was falling. Ontology is a blockchain and ledger that integrates an identity system, data exchange, data interaction algorithms, protocols for procedures, communities, an attestation system, and various industry modules. Together, this creates the infrastructure for a P2P network of trust that is cross-system, cross-industry, operating in different circuits, with different applications and across different devices.
The project was founded in 2017 by Onchain and is a public platform for projects of companies of various industries and sizes. This is a huge step towards removing barriers between blockchain and the business sector. Ontology is revolutionary in the sense that it allows businesses to leverage blockchain technology without first examining distributed networks.
On the official website of Ontology, Jun Lee, the chief IT specialist and one of the founders of the company, is named the founder of the project. In total, the project team consists of more than 50 people. Almost all of them live in China.
Ontology and NEO are ideal partners in the race to digitalize our world. They are designed to create a vast ecosystem that uses blockchain and other new technologies to serve the real economy.
Ontology Trust Network
- First point: checking money, items, companies and people.
- The second point: checking and linking applications to each other.
- Third point: checking and connecting protocols, modules, API and SDK.
- Fourth point: unification of all blockchains.
The structure of the system is designed to be easily expandable and modular in order to please the consumers of different industries.
This implies that Ontology wants the tasks it performs to have a wider range. For them, it is important to be a solution when it is necessary to verify someone's identity, or belonging, of this or that property. Companies like Facebook have access to a simple connection to Ontology.
A brief description of the project is as follows:
- 2 levels of blockchain;
- Modular network structure;
- The original consensus algorithm.
What is each of the levels?
- At the first level, consensus is reached, transactions are processed, the network is scaled, and protection against hacking is activated.
- At the second level, netizens can use modules and tools to create new business products.
Ontology implements ONT ID technology. It is used to verify the user while maintaining the incognito status. In the NEO project, there is no such module, as well as anonymity on the network.
The developers use the original consensus algorithm. The system consists of 3 levels. Transactions are confirmed on each of them. It takes the network 1 second to complete 5000 operations.
What affects the price Ontology
For transactions in the Ontology network and outside the main network, the ONT coin is used. Network consensus cannot be achieved without this cryptocurrency either.
In addition, an ONG token is created and operates on the Ontology platform - this is a utility token used for Onchain services.
Analyzing the general market trend of ONT, experts note its stable upward movement.
There is one curious point related to the market dynamics of Ontology. According to experts, the price of the cryptocurrency did not grow as intensively as could be expected, given the strengths of the project. And this could be influenced by the scheme of the initial distribution of tokens.
As we already said, the developers distributed free tokens to NEO holders, and they could simply sell coins that they did not plan to add to their cryptocurrency portfolio. Thus, they have reduced the market dynamics of Ontology.
Nevertheless, the cryptocurrency is showing steady growth and, in the opinion of most experts, will be able to gain a foothold in the market.
But you need to understand that the growth of Ontology depends on a number of factors:
- Launching a full-fledged platform.
- Active work on expanding the partner network and mass adoption of the currency.
- Demand in the business segment of the market.
- The level of government pressure.
- General market trends.
But it looks like Ontology is doing well on all counts. Experienced specialists are working on the development of the platform, who have already presented an extended project and promised to launch a full-fledged network by the end of this year.
What are the advantages of Ontology
- The team consists of experienced leaders with a history of great success. Unlike many other projects, the team is focused on more than just the financial industry. She also focuses on insurance, medicine, government and other industries. This makes the project large-scale with great potential. With a relatively long presence in the blockchain industry and a clear vision for the project, it should come as no surprise that Ontology is working hand in hand with NEO to bring about a change in the way many businesses operate.
- Support for collaboration between chain networks with different protocol groups. The project provides new highly efficient public blockchains that include a smart contract system and a series of distributed ledgers.
- A unique three-tier system for verifying and ensuring network reliability.
- Ease of use, convenient tools and modular block structure make the process of writing decentralized applications easy and comfortable even for those users who do not have deep knowledge of programming.
- Ontology also has a Community Compensation Technical Scheme that encourages all of these developers to take on and use Ontology technology in their efforts.
Where to buy Ontology in the Philippines
ONT is the internal currency of the Ontology project. Users pay commissions with a coin, and send tokens to other network members. Owners of NEO can receive assets. For 1 NEO, 2 ONTs are credited.
If you also want to buy Ontology in the Philippines, you can choose from two popular methods - through an exchange or a trading platform.
On which exchanges to buy ONT? Here are the most popular and high-volume ones:
- Huobi Global;
- Gate.io and some others.
On many digital currency exchanges, you don't initially need your own wallet to buy cryptocurrency. Because the exchanges provide you with their online wallets. It is very convenient for buying and selling coins. With such an online wallet, you can receive currency, store currency, and send currency. Each cryptocurrency has its own wallet, and each wallet has its own receiving address.
A convenient alternative to buying Ontology in the Philippines is to use CFDs. It is easy to buy ONT on the CFD brokerage platform! You just need to speculate on the ups and downs on ONT, and you do not own the asset itself. Try it and you will definitely succeed!
How to start investing in Ontology in the Philippines?
Have you decided to invest in Ontology in the Philippines? There is such a convenient tool on the market as a contract for price difference, or CFD on cryptocurrency.
How does it work?
In the case of assets, we are talking about the price difference that has formed over a certain period. With the help of CFDs, you can earn on "predictions" of the behavior of the exchange rate. To do this, the investor needs to place a bet on which direction the asset price will go. If his prediction comes true, he will receive, as a prize, the very difference in price. Losers, on the other hand, will have to pay for their mistake. The loss will be the difference in the opening and closing prices of the contract.
Crypto CFDs have a number of advantages. The pluses of CFDs on cryptocurrency include the following points:
- Small investment. CFDs allow you to make money on cryptocurrencies without buying them. All that is required is a deposit.
- You can make money quickly. The digital asset market is extremely volatile. This feature opens up a lot of opportunities for investors to make money on the movement of the cryptocurrency rate.
- The investor can choose the cryptocurrency in order to enter into a contract for the price difference.
- You can earn money on CFDs around the clock.
- You can work without restrictions. Many platforms do not have a limit on CFD transactions for cryptocurrencies.
- You can work with CFDs with leverage. The tool allows you to significantly increase income if the forecast comes true.
Should traders invest in Ontology in the Philippines?
As soon as the ecosystem is adapted for other digital assets, Ontology will begin to actively develop and a sharp jump in prices. The scope of the cryptocurrency will expand. The asset will be of interest not only to blockchain companies, but also to traditional businesses.
The idea of combining standard economics and digital assets is not new. It has been implemented in dozens of projects that are already operating on the market and are direct competitors of Ontology. If the development team implements their plans and implements innovative ideas, the platform will be among the leaders, and the cryptocurrency will be in demand.
How to Buy ONT right now?
It should be noted that, although the price of tokens is far from ideal, the rate is still stable. This means that ONT is cost effective. According to many traders and experts, this cryptocurrency is not very suitable for long-term deposits at the present time, but for short-term investments it is quite a good option.
There is no doubt that digital currency Ontology is a very promising project with big plans for the future. If the team is able to realize all the goals, then they will definitely succeed, and the currency will have every chance to take TOP positions in the cryptocurrency market. Whether the project will be able to achieve such heights - only time will tell.
Today you can buy ONT and make profitable and successful deals!
By choosing to trade with CFDs, you can easily make transactions that will allow you to bet not only on the growth, but also on the decline in the price of Ontology.
You can fund your deposit by credit card, Paypal or bank transfer. A huge plus is the free demo account, which does not require an initial investment and allows you to practice and get used to the market. Finally, you can start trading with only a small capital, and use the support of a broker at any time! Try it! You will succeed!