$ONG Ontology Gas (ONG) continues to strengthen its position as a vital and essential component in the operation of the decentralized Ontology network, where it is considered the dedicated service token used to cover transaction fees (Gas Fees) and run smart contracts within the ecosystem.
Highlights of the project and the added value
Dual-Token System (Dual-Token Model): The Ontology network separates the governance token (ONT) from the service token (ONG) to avoid transaction price volatility and ensure stable operating costs for developers and institutions.
Scalability compatibility and software updates: Recently, the network saw major upgrades to its infrastructure (Hard Fork v3.1.2) to accommodate new programming instructions from the Ethereum Virtual Machine (EVM), making it easier to migrate applications and reducing the size of smart contracts and their operating fees.
Digital identity and data management (DeFi & DID): ONG helps enable decentralized digital identity services (ONT ID) and the exchange of encrypted data to support the real-world assets (RWA) sector, offering a practical solution for companies seeking data security and privacy.
Rewards and Staking: ONT token holders receive periodic rewards in ONG in return for their participation in securing the network and operating contracts (Nodes).
$ONG #Ong #ONGCOIN #ONG/USDT #Ongusdt #ONG.USDT
Highlights of the project and the added value
Dual-Token System (Dual-Token Model): The Ontology network separates the governance token (ONT) from the service token (ONG) to avoid transaction price volatility and ensure stable operating costs for developers and institutions.
Scalability compatibility and software updates: Recently, the network saw major upgrades to its infrastructure (Hard Fork v3.1.2) to accommodate new programming instructions from the Ethereum Virtual Machine (EVM), making it easier to migrate applications and reducing the size of smart contracts and their operating fees.
Digital identity and data management (DeFi & DID): ONG helps enable decentralized digital identity services (ONT ID) and the exchange of encrypted data to support the real-world assets (RWA) sector, offering a practical solution for companies seeking data security and privacy.
Rewards and Staking: ONT token holders receive periodic rewards in ONG in return for their participation in securing the network and operating contracts (Nodes).
$ONG #Ong #ONGCOIN #ONG/USDT #Ongusdt #ONG.USDT
