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Supported by OScore protocol, this reputation data is able to be integrated across blockchain.&nbsp;</li></ul></li><li>Ontology network has been successfully tested for use in several applications such as data attestation, digital finance, automotive solution, and data marketplace.</li><li>Ontology adopts a dual token mechanism in order to stabilize transaction fee on the network. To pay the fees, users need to use ONG (Ontology Gas) instead of ONT that has higher price fluctuations.&nbsp;&nbsp;</li><li>Ontology network uses a new consensus mechanism that the team developed in house called VBFT and the Triones consensus system. It’s a combination of proof of stake, verifiable random function and Byzantine Fault Tolerance.</li></ul>\n\n\n\n<h2>Key Metrics</h2>\n\n\n\n<figure class=\"wp-block-table\"><table><tbody><tr><td>Ticker</td><td>ONT</td></tr><tr><td>Token Name</td><td>Ontology</td></tr><tr><td>Token Type/Protocol</td><td>Ontology</td></tr><tr><td>Total Token Supply</td><td>1,000,000,000</td></tr><tr><td>Current Circulating Supply&nbsp;</td><td>See <a href=\"https://coinmarketcap.com/currencies/ontology/\" target=\"_blank\" rel=\"noreferrer noopener nofollow\">coinmarketcap</a> </td></tr><tr><td>Market Capitalisation</td><td>See <a href=\"https://coinmarketcap.com/currencies/ontology/\" target=\"_blank\" rel=\"noreferrer noopener nofollow\">coinmarketcap</a>  </td></tr><tr><td>Token Creation Date</td><td>June 2018</td></tr><tr><td>Can it be mined?</td><td>No</td></tr></tbody></table></figure>\n\n\n\n<h2>Who is behind Ontology?&nbsp;</h2>\n\n\n\n<p>Ontology network was founded by Li Jun. The project is based in Shanghai and is also known to work closely with <a href=\"https://www.coingecko.com/id/koin_koin/neo\">Neo</a> and has been in association with Neo founder, Da Hongfei since its launch in 2018.&nbsp;&nbsp;&nbsp;</p>\n\n\n\n<h2>What is the purpose of ONT?&nbsp;</h2>\n\n\n\n<p>ONT is a governance token that is used for staking in the Ontology network consensus mechanism to secure the chain and prevent bad behaviour.&nbsp;</p>\n\n\n\n<h2>Insights</h2>\n\n\n\n<ul><li>Data ecosystem, especially DID, can be used to create a variety of applications in the real world and might change the way we manage identity on the internet.&nbsp;</li><li>Barrier to adopt such technology is relatively high considering that today’s society has already been used to centralized data ownership by app developers or third parties who provide services.</li><li>ONG is created with a purpose to stabilize interchain transaction fees on the Ontology network, however the value of ONG token is also highly fluctuating since its first launch.&nbsp;&nbsp;&nbsp;&nbsp;</li></ul>\n\n\n\n<h2>Risks</h2>\n\n\n\n<ul><li>With 15 consensus nodes, the decentralization scale of Ontology network is considered low, hence the risk of market manipulation of ONT tokens is high since the block rewards go to only few institutions or individuals that have been running the nodes since the main net launched and accumulated a significant amount of ONT.&nbsp;</li><li>The risk of product market fit could also be considered high due to the current state of society behaviour and habit of managing their data. Ontology brings the responsibility to educate the market to achieve a massive adoption of their technology.&nbsp;</li></ul>\n\n\n\n<h2>News and Updates</h2>\n\n\n\n<ul><li>Ontology team is currently developing <a href=\"https://ont.io/news/en/631\" target=\"_blank\" rel=\"noreferrer noopener nofollow\">Ontology EVM</a> (Ethereum Virtual Machine) to provide platform compatibility with the Ethereum ecosystem.</li><li>As of July 2021, there have been around 120 DApps developed on the Ontology network.&nbsp;</li><li>ONTO wallet new update v3.8.5 is released with adding support for Polygon network.</li></ul>\n\n\n\n<h2>Community &amp; Whitepaper Links:</h2>\n\n\n\n<ul class=\"coin-info__links\"><li><strong>Official Website:</strong> <a href=\"https://ont.io/\" target=\"_blank\" rel=\"noreferrer noopener\">https://ont.io/</a>&nbsp;</li><li><strong>White Paper:</strong> <a href=\"https://docs.ont.io/\" target=\"_blank\" rel=\"noreferrer noopener nofollow\">https://docs.ont.io/</a> , <a href=\"https://ont.io/Ontology-Infrastructure-White-Paper-EN-2.0.0.pdf\" target=\"_blank\" rel=\"noreferrer noopener nofollow\">https://ont.io/Ontology-Infrastructure-White-Paper-EN-2.0.0.pdf</a>&nbsp;</li><li><strong>Network Explorer: </strong><a href=\"https://explorer.ont.io/\" target=\"_blank\" rel=\"noreferrer noopener nofollow\">https://explorer.ont.io/</a>&nbsp;</li></ul>\n\n\n\n<p><strong>Disclaimer:&nbsp;</strong><br>All investment is speculative and involves substantial risk and uncertainty. Investors should understand the nature of digital assets including the terms of return and the risk of assets. We encourage investors to fully understand the assets and the risk associated with them prior to making any investment.&nbsp;&nbsp;</p>\n","seo":{"title":"ONT to IDR - Buy Ontology Instantly - Zipmex","metaDesc":"Buy or sell Ontology. Get the latest Ontology IDR (ONT to IDR) price quote, history, news and other information."},"categories":{"nodes":[{"slug":"listed-coin"}]},"acfCoinInfo":{"ciHomeFullName":"Ontology","ciTickerSymbol":"ONT","ciIcon":{"localFile":{"publicURL":"/static/58a59b3771c048e790f0a613d18aaf65/ONT.svg"}},"websiteLink":null,"whitepaperLink":null,"detailedRuleLink":null}},"otherCoinInfos":{"nodes":[{"slug":"ape-id","excerpt":"<p>ApeCoin is the famous NFT project, Bored Ape Yacht Club (BAYC)’s native token. 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It is a Decentralized Autonomous Organization.</p>\n","acfCoinInfo":{"ciHomeFullName":"YieldGuildGames","ciTickerSymbol":"YGG","ciHomeFeaturedImage":{"localFile":{"childImageSharp":{"gatsbyImageData":{"layout":"constrained","backgroundColor":"#081828","images":{"fallback":{"src":"/static/749075fe65de4abc76e5d62e97c31fd7/03e84/Yield-Guild-Games-website-banner.png","srcSet":"/static/749075fe65de4abc76e5d62e97c31fd7/e2842/Yield-Guild-Games-website-banner.png 100w,\n/static/749075fe65de4abc76e5d62e97c31fd7/294d3/Yield-Guild-Games-website-banner.png 200w,\n/static/749075fe65de4abc76e5d62e97c31fd7/03e84/Yield-Guild-Games-website-banner.png 400w","sizes":"(min-width: 400px) 400px, 100vw"},"sources":[{"srcSet":"/static/749075fe65de4abc76e5d62e97c31fd7/9f21a/Yield-Guild-Games-website-banner.webp 100w,\n/static/749075fe65de4abc76e5d62e97c31fd7/752c3/Yield-Guild-Games-website-banner.webp 200w,\n/static/749075fe65de4abc76e5d62e97c31fd7/02841/Yield-Guild-Games-website-banner.webp 400w","type":"image/webp","sizes":"(min-width: 400px) 400px, 100vw"}]},"width":600,"height":369}}}}}}]}},"pageContext":{"lang":"id_en","footerMenus":"[{\"slug\":\"about-us-id-en\",\"acfMenu\":{\"menuTitle\":\"About Us\"},\"menuItems\":{\"nodes\":[{\"id\":\"cG9zdDo5OTg4\",\"label\":\"About\",\"url\":\"/en/about-us/\",\"cssClasses\":[],\"target\":null},{\"id\":\"cG9zdDo5OTkx\",\"label\":\"Terms and Conditions\",\"url\":\"/en/terms-and-conditions-id/\",\"cssClasses\":[],\"target\":null},{\"id\":\"cG9zdDoxNDQxMzI=\",\"label\":\"ZipUp+ Terms and Conditions\",\"url\":\"/zipup-terms-and-conditions-id/\",\"cssClasses\":[],\"target\":null},{\"id\":\"cG9zdDo5OTky\",\"label\":\"Privacy Policy\",\"url\":\"/en/privacy-policy-id/\",\"cssClasses\":[],\"target\":null},{\"id\":\"cG9zdDo5OTkz\",\"label\":\"In the Media\",\"url\":\"/en/news/\",\"cssClasses\":[],\"target\":null},{\"id\":\"cG9zdDo0NTAyMQ==\",\"label\":\"Careers\",\"url\":\"https://zipmex.bamboohr.com/jobs/\",\"cssClasses\":[],\"target\":null}]}},{\"slug\":\"mobile-id-en\",\"acfMenu\":{\"menuTitle\":\"Mobile\"},\"menuItems\":{\"nodes\":[{\"id\":\"cG9zdDo4MjE1\",\"label\":\"iOS\",\"url\":\"https://zipmex.onelink.me/8NSq/15940e3a\",\"cssClasses\":[],\"target\":\"_blank\"},{\"id\":\"cG9zdDo4MjE2\",\"label\":\"Android\",\"url\":\"https://zipmex.onelink.me/8NSq/15940e3a\",\"cssClasses\":[],\"target\":null}]}},{\"slug\":\"products-id-en\",\"acfMenu\":{\"menuTitle\":\"Products\"},\"menuItems\":{\"nodes\":[{\"id\":\"cG9zdDo4MjIz\",\"label\":\"Trade\",\"url\":\"https://trade.zipmex.co.id/exchange/\",\"cssClasses\":[],\"target\":\"_blank\"},{\"id\":\"cG9zdDoyNDY3OQ==\",\"label\":\"Earn\",\"url\":\"/en/earn/\",\"cssClasses\":[],\"target\":null}]}},{\"slug\":\"support-id-en\",\"acfMenu\":{\"menuTitle\":\"Support\"},\"menuItems\":{\"nodes\":[{\"id\":\"cG9zdDo5OTk2\",\"label\":\"Support Center\",\"url\":\"/en/support/\",\"cssClasses\":[],\"target\":null},{\"id\":\"cG9zdDo5OTk3\",\"label\":\"Announcements\",\"url\":\"/en/announcements/\",\"cssClasses\":[],\"target\":null},{\"id\":\"cG9zdDo5OTk4\",\"label\":\"Contact Us\",\"url\":\"/en/contact-us/\",\"cssClasses\":[],\"target\":null},{\"id\":\"cG9zdDo5OTk5\",\"label\":\"Fees\",\"url\":\"/en/fee-schedule-id/\",\"cssClasses\":[],\"target\":null},{\"id\":\"cG9zdDozMjc3OA==\",\"label\":\"Get updates\",\"url\":\"https://communications.zipmex.co.id/\",\"cssClasses\":[],\"target\":null},{\"id\":\"cG9zdDozNTk2OA==\",\"label\":\"Learn\",\"url\":\"/en/learn/\",\"cssClasses\":[],\"target\":null},{\"id\":\"cG9zdDoxNDMyMjI=\",\"label\":\"Apply To List\",\"url\":\"https://zipmex.com/zipmex-labs-application-form/\",\"cssClasses\":[],\"target\":null}]}}]","latestPosts":"[{\"title\":\"What is CBDC? 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