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<h2>What is Ontology (ONT)? </h2>
Ontology is a coin that was specifically created for use within the global Ontology cryptoplatform like a payment instrument. The main task of the creators of the project Ontology is the development of a special platform that can become a bridge between digital money and the rest of the world.

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As a basis for the project, Ontology uses a unique technology called Ontology Trust Framework. With this technology, all members of the cryptosystem get the opportunity to show confidence to companies through the holding of universal suffrage. Thus, a trust cryptocurrency ecosystem is formed.

<h2>Where did Ontology come from? </h2>
Onchain, the company that created Ontology, was founded in 2014 and became one of the first in China to participate in Hyperledger projects to integrate blockchain into existing businesses. Onchain partners include Microsoft China, Ministry of Economic Affairs and Industry of Japan.

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The launch of the Ontology project was first announced in November 2017 at the Onchain conference in Shanghai. Despite the close connection of the new network with the blockchain NEO, Onchain representatives strongly emphasized that these projects are not connected by a common team or funding sources. So Ontology is an absolutely independent project.

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The founder of the platform is Jun Li, chief IT specialist and one of the founders of the Ontology platform. In total, the project team has 40 people. Almost all of them live in China.

 

<h2>What are the advantages of ONT?</h2>
<ul>
<li>Ensuring full confidentiality of user information, as well as the security of transactions.</li>
<li>Effective work that ensures rapid operations.</li>
<li>The decentralized structure of the cryptosystem solves the problem of potential monopolization.</li>
<li>Authentication indicators are higher than those of main competitors operating on the basis of decentralized algorithms.</li>
</ul>
 

 

<h2>What are the disadvantages of ONT?</h2>
<ul>
<li>The dBFT consensus mechanism on which the Ontology algorithm is based is criticized for its high degree of centralization.</li>
<li>Cross-chain transactions also suggest an increase in centralization.</li>
<li>High dependence of the platform developers from the Chinese authorities.</li>
</ul>
 

<h2>How to buy Ontology?</h2>
If you decide to buy the Ontology cryptocurrency, the simplest way is to use the SimpleSwap service and follow the instructions below:

<ul>
<li>Choose the currency you want to exchange (e.g. BTC) in the first drop-down list. Enter the amount you would like to swap.</li>
<li>Select ONT in the second drop-down list. You will see the estimated amount that you will receive after the exchange.</li>
<li>Enter the Recipient's Address. Ontology will be sent to this address. Be careful and make sure you use the correct address.</li>
<li>Check all the information you have entered. If everything is correct click the Exchange button.</li>
<li>You will see the Bitcoin deposit address. You need to transfer the necessary amount of BTC to this address to start the exchange.</li>
</ul>
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Bitcoin (BTC) is the world's first decentralized digital currency. One of the main features of the BTC system is complete decentralization - there is no central administrator or any equivalent. A necessary and sufficient element of this payment system is the basic client program.

Bitcoin

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Ethereum

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Tether OMNI

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Binance Coin

Cardano (ADA) is a cryptocurrency of Cardano that is a decentralized blockchain platform on smart contracts with open source. The platform operates on a Proof-of-Stake algorithm called Ouroboros, which determines how individual nodes reach consensus on the entire network.

Cardano

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Flow

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USD Coin

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Dogecoin

Chainlink (LINK) is a token of the ChainLink platform, the purpose of which is to apply the technology of smart contracts in the financial system. All cryptocurrency smart contracts using API technology can connect to existing payment systems and carry out transactions using the ChainLink platform.

Chainlink

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Uniswap

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Polkadot

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Internet Computer

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Solana

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Terra

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Stellar

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Binance USD

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FTX Token

KLAY is a coin of the Klaytn project that combines distributed governance, decentralisation of control and data of public blockchains, with scalability and low latency of private ones. The KLAY coin can be used to create or execute a smart contract and pay fees for transactions on Klaytn.

Klaytn

Axie Infinity

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Polygon

Bitcoin Cash (BCH) is a cryptocurrency that requires no trusted third parties and no central bank. Bitcoin Cash is the hard fork of Bitcoin that has separated from it. Branching took place on August 1, 2017. Merchants and users are empowered with low fees and reliable confirmations. 

Bitcoin Cash

Litecoin (LTC) is a peer-to-peer Internet currency that enables to make private, secure and borderless payments for pennies anywhere in the world. Litecoin is the second hard fork of Bitcoin. The speed of blocks formation in the Litecoin network is 2.5 minutes, which is higher than in the Bitcoin network.

Litecoin

VeChain (VET) is a cryptocurrency of a global platform of information transformation based on blockchain technology. It digitizes real people, products or events, associating the API with the application level of the system, connecting the blockchain with real information. VeChain uses Smart Contracts focused on real industrial operations.

VeChain

Wrapped Bitcoin (WBTC) is an ERC-20 token that was created to provide Bitcoin fluidity for the DEX in the first place. In addition, this token makes it possible to use Bitcoin for token trading. WBTC aims to standardize Bitcoin to the ERC-20 format while creating smart contracts for it.

Wrapped Bitcoin

TRON (TRX) is a decentralized open source cryptocurrency, which was founded by TRON Foundation. The goal of the TRON decentralized protocol is to create a worldwide free entertainment network based on a distributed registry. The TRX algorithm allows each user to publish, store and receive data freely.

TRON

GRT is a token of the Graph network. GRT is an ERC-20 token, based on the Ethereum blockchain. The main function of the token is to designate resources on the platform. To provide system management tokens will be distributed between Indexers, Curators, and Delegators.

The Graph

Ethereum Classic (ETC) is a cryptocurrency that appeared as a result of the Ethereum hardfork and is positioned as the original and primordial version of ETH. A distinctive feature of Ethereum Classic from Ethereum is that ETC retains the principle of non-interference from the outside and the supremacy of the code.

Ethereum Classic

Theta (THETA) is a cryptocurrency that could be used as a long or short term investment or as remuneration for the video content. Theta Network was created by great specialists with a lot of experience in the area of video streaming. Users can get coins by watching and rebroadcasting videos to other users or hosts.

THETA

Dai (DAI) is a token of the Maker DAO crypto-project. DAI is the first decentralized stablecoin on the Ethereum blockchain. The Dai rate corresponds to USD and 1 DAI is always worth $1. The Dai priorities are the transparency of conversion and the absence of volatility.

Filecoin (FIL) is the cryptocurrency that underpins the decentralized peer-to-peer file storage network (Filecoin). Due to Filecoin, any user can store, receive, and post digital information. The main purpose of FIL tokens is to pay for such services and to provide an economic incentive for reliable long-term storage of files.

Filecoin

AAVE is an ERC-20 token of a platform that is used to organize decentralized platform management. The goal of the AAVE platform is to enable users to both lend and borrow cryptocurrency. Although AAVE provides the opportunity to use 17 different cryptocurrencies on this platform, using its native AAVE token, borrowers receive a certain discount.

Aave

Avalanche

Crypto.com Coin (CRO) is a cryptocurrency which was launched in Hong Kong under the name Monaco and based on Ethereum (ETH) platform. It was the first crypto project which entered into a partnership agreement with such a giant as Visa. Now Crypto.com is one of the most popular projects in the industry from the beginning of 2019. The rate has increased 10 times since March 2019.

Crypto.com Coin

Algorand (ALGO) is a special token of the Algorand blockchain. Tokens were distributed by the way of Dutch auction. It means that the price was declared in descending order. Furthermore, there is a refund policy. Algorand project does not use tokens as an incentive. The team of creators openly said that users should decide what to do with a coin. The protocol is clear and looks like HTTP and TCP.

Algorand

NEO (NEO) is a coin on a smart asset platform. NEO is the first open-source blockchain project from China. NEO coin and the platform aims to develop a "smart economy" with a distributed network by utilizing blockchain technology and digital identity to digitize assets, and automating the management of digital assets using smart contracts.

EOS (EOS) is a cryptocurrency of hosting platform for smart contracts, designed for open source projects and decentralized consumer-oriented applications (DApps). A key part of the platform is the Delegated Proof of Stake (DPOS). It is designed to meet the performance requirements of decentralized applications on a blockchain - including processing millions of users.

Monero (XMR) is a private digital currency. Monero makes untraceable transactions through technology called ring signature. This technology mixes some individual transactions with others, so it is not clear to the public who owns the addresses. It also hides balance sheets thanks to stealth addresses, random, one-time addresses that cannot be associated with specific individuals.

Monero

Compound (COMP) is a token of the Compound project, which is a decentralized financial protocol based on the Ethereum ecosystem. Compound's digital currency provides access to the crypto-loan market, where interest rates are set by the system. Compound cryptocurrency cannot be earned by traditional mining, all tokens are issued exclusively by developers.

Compound

THORChain (RUNE) is a token on the THORChain platform. It is used to pay for swaps, participate in platform management, and reward validators. THORChain provides liquidity solutions, instant asset exchange on the network. The RUNE token is a token for all CLP pools to create liquidity. 

THORChain

SHIB is a meme token created as an alternative to the DOGE coin or the "Dogecoin Killer". SHIBA INU is an ERC20 token that emerged as an experiment in August 2020.

SHIBA INU

Reserve Rights (RSR) is a digital decentralized stable coin operating on the Ethereum platform. It was started in May 2019. Reserve Rights token is a “tool of accumulation” which can not be a subject of inflation. The main aim of the team was to create a token that is clear and safe for calculations.

Reserve Rights

1INCH is a utility token that is used to govern the 1INCH network protocol. The 1INCH token is involved in the “instant governance” project. Instant governance means that all the community members can participate in the decision-making process by voting without any barriers to entry. 

1inch

CAKE is a native token of the PancakeSwap platform. It is a decentralized exchange service for BEP20 tokens. It operates on Binance Smart Chain. PancakeSwap gives an opportunity to deposit LP tokens to get a reward in CAKE tokens. After that users can stake CAKE to earn other tokens.

PancakeSwap

Cosmos (ATOM) is an ecosystem that consists of blockchains that can interact with each other. It is a decentralized network of an independent parallel blockchain. ATOM is a token of the system named Cosmos. Owners can vote, verify the transactions and delegate actions to other validators there.

Cosmos

BitTorrent (BTT) is a multi-million network for sharing files (music, movies, e-books, etc.) between its users. After BitTorrent was purchased by the TRON platform, the project was able to expand its own functionality and allow its users to monetize their activities. For this purpose was created the BTT token.

BitTorrent

XDC is a coin of XinFin, a XDPoS hybrid network for trade and finance. This network is meant to make financial operations more efficient, enable digitalization and tokenization, and provide chains interoperability.  XDC, XinFin Digital Contract, powers the network, it is a local utility and can be staked into the platform.

XinFin Network

Maker (MKR) is a digital currency of the Maker project, which is based on the Ethereum blockchain and seeks to create a series of decentralized tokens tied to the fiat money value. Buying MKR allows customers to participate in the future of the project. Namely, investors have the opportunity to vote and make decisions on the proposed development vectors.

Maker

Perpetual protocol (PERP) is a cryptocurrency designed to power Virtual Automated Market Maker (vAMM) for perpetual contracts trading. Thanks to VAMM the boosted leverage and short positions handling is possible. Perpetual protocol is a DeFi platform that also supports the trading of fiat currencies, gold, and oil. PERP is its’ ERC-20 native token that governs the network. 

Perpetual Protocol

Tezos (XTZ) is a cryptocurrency of a platform that is intended for smart contracts and decentralized applications. The Tezos's goal is to create a network capable of introducing various innovations without the need for hardforks. According to the internal rules of the platform, interested parties can easily vote and reach a consensus on modernization issues.

Tezos

Bitcoin SV (BSV) is a digital currency which is the result of the Bitcoin Cash hard fork. The coin appeared on November 15, 2018. The main idea of BSV is to preserve the original vision of Satoshi Nakamoto, the alleged creator of Bitcoin. So, the Bitcoin SV name decrypts as Bitcoin Satoshi Vision.

Bitcoin SV

Curve (CRV) is a  token of the Curve platform that is used for voting when managing the platform and as a reward for liquidity providers. It was launched in August 2020 by an anonymous developer under Twitter nickname @0xc4ad. Part of the collected trading fees is used for the permanent burning of CRV tokens.

Curve

Huobi Token (HT) is the official token of Huobi exchange. Huobi Token is based on ERC-20 standard. Huobi Token is designed to reduce commissions paid by its holders for trading on the platform and is used in the point system when adding new tokens to the exchange.

Huobi Token

Chiliz (CHZ) is the cryptocurrency that powers sports and entertainment platforms. It is also the official exclusive cryptocurrency that operates on the Socios.com fan voting portal. The usefulness of the Chiliz token is to provide fans and organizations that join the Socios.com platform with a right of vote and opportunity to participate in the decision-making process.

Chiliz

Elrond (EGLD) is a cryptocurrency based on the blockchain with the same name, which aims to create a new architecture designed to significantly increase the speed of transactions. Elrond is a scalable and fast network, which wants to create a new Internet economy based on distributed applications. 

Elrond

Synthetix Network Token (SNX) (formerly known as Haven) is a kind of crypto asset network that allows its users and investors to create synthetic assets within the system itself. The Synthetic Network Token (SNX) is a token that runs on the Ethereum platform. Assets are managed through smart contracts. It allows SNX transactions to transfer tokens between accounts.

Synthetix Network Token

UST is a stablecoin of the Terra network, connected to the US dollar. Since its launch in 2020 it has gained the image of the most scalable stablecoin. UST meets the requirements of DeFi protocols and it does not lose its scalability. It is also very easy to add it to various crypto wallets. Also TerraUSD provides an opportunity to get a passive income with the Anchor protocol.

TerraUSD

Hedera Hashgraph (HBAR)  is a token that is used for all transactions within the platform which was launched in August 2018. The coin also serves to protect the network from certain types of cyber-attacks. Thanks to the consistent Proof-of-Stake (PoS) algorithm, HBAR has an attractive feature: users can earn coins by placing their tokens for the node to work.

Hedera Hashgraph

Kusama (KSM) is the official coin in the Kusama ecosystem. It is considered to be the working fuel of the entire network. Kusama is a "dedicated" Polkadot network that detects and warns of any vulnerabilities in the Pokadot network. KSM is used to pay commission for transactions on the network, as remuneration, and provide an opportunity to vote in referendums on the development of the project.

Kusama

CELO is a cryptocurrency of a global payment infrastructure that uses phone numbers instead of public keys. Celo aims to make cryptocurrencies available to anyone who has a smartphone, even to people deprived of banks or any other financial institutions. CELO makes dApps and smart contracts part of the system, expanding for its users benefits and opportunities within the network.

Celo

SushiSwap (SUSHI) is a native token of the SushiSwap ecosystem which appeared in August 2020. It is used to reward liquidity mining. In other words, SUSHI is used as a reward when you join Liquidity Mining on some pools. SUSHI is a fork of the Uniswap project. So, when using Uniswap, 0.3% of all trading commissions in the pool are distributed proportionally to the group's liquidity providers.

SushiSwap

The Sandbox (SAND) is a utility token of a decentralized gaming platform. It allows participants to monetize game achievements. SAND was created in 2020 as an ERC20 token running on the Ethereum blockchain. SAND holders can make decisions within the ecosystem. Imagine a game world where everything you create belongs to you – you can do whatever you want with your content without any problems.

The Sandbox

KuCoin Shares (KCS) is a token made in China which is compatible with ERC-20 and based on the Ethereum blockchain. The token sale started in September 2017 on the KuCoin exchange market. Users can have a discount for the trading rates or earn 40% revenue share by drawing other traders to the platform.

KuCoin Shares

Decred (DCR) is an open, progressive and self-financing cryptocurrency with a community-based management system integrated into its blockchain. The advantages of DCR are decentralization, mining accessibility and using the Proof of Stake (PoS) method.

Decred

Waves (WAVES) is a coin of a platform that is intended so that users can store, trade, manage and issue their own digital assets in a safe and easy way. The Waves blockchain processes hundreds of operations per second. Tokens created on the platform can be used for voting, loyalty programs and discount programs.

Waves

Telcoin (TEL) is the first digital coin that combines the capabilities of existing mobile operators and blockchain technology. Due to this connection, users can make many financial transactions through a smartphone like money transfers, online purchases and various payments.

Telcoin

Dash (DASH) is digital cash on the blockchain basis, using the anonymous transaction mechanism. It is possible to make instant, private payments online or in-store using Dash. DASH has no centralized control, so emissions occur during mining.

Dash

Theta Fuel (TFUEL) is the" fuel " of the Theta protocol, which was launched simultaneously with the launch of Mainnet in mid-March 2019. It is used to pay for transactions. Network users can earn TFUEL for video streams they share with others.

Theta Fuel

Stox (STX) is an Ethereum blockchain based cryptocurrency. It's built on Bancor protocol. The original goal of Stox is to foresee the changes in financial markets and trade on them. Users can vote and trade on possible events. The developers’ main goal is to eliminate the third party on the prediction markets.

Stacks

Decentraland (MANA) is a token based on the blockchain which is a virtual world where each member of the system are able to purchase a digital land property, making it unique, as well as cooperate with other users within the whole system. The landowner can give other users the right to use their property and specify what they can do with it. MANA may be used for trading services and goods provided by users.

Decentraland

NEM (XEM) is a cryptocurrency written on Java and JavaScript. NEM is significantly ahead of Bitcoin and Etherium in its technological effectiveness and speed of transactions due to the fresh decisions in the NEM code and the use of the “Proof-of-Importance” algorithm.

Enjin Coin (ENJ) is a digital token of a platform for creating gambling applications. With ENJ, developers are able not only create virtual gaming products but also implement them. Enjin describes itself as the “largest online gaming community platform” and supports over 300 000 gaming communities with 19 million registered gamers.

Enjin Coin

Zcash (ZEC) is the first accessible and open cryptocurrency that can fully protect the confidentiality of the transactions through a cryptographic protocol "Zero-knowledge proof". Zcash transactions are shown in a public blockchain, however, the sender, the receiver and the transaction amount remain private.

Zcash

DODO is a liquidity providing (LP) cryptocurrency that utilizes the PMM - Proactive Market Maker oracle-powered algorithm which leverages on-chain and contract liquidity. The PMM model gives real-time responses to liquidity restrictions while adapting to the changing market conditions. The token is used at the DODO platform that is an Ethereum-based exchange.

DODO

Helium (HNT) is a cryptocurrency developed by the Helium Network for Internet of Things (IoT) devices. This network was created so that wireless devices can exchange and send data through a special node network. HNT coins are received as rewards by the users who manage these nodes. Customers can buy or create their own hotspots (nodes) that mine HNT coins.

Helium

Zilliqa (ZIL) is a token of the newest high bandwidth blockchain platform. The uniqueness of this system lies in the fact that it can scale without sacrificing stability and security. It is built in such a way that its throughput and the commission's amount depends on the number of nodes in the network.

Zilliqa

Yearn.finance (YFI) is a native token of the yEarn Finance project (formerly known as iEarn Finance) which was launched on July 17, 2020. Token holders have the right to vote on upcoming network management decisions, such as the possible ending of an entirely new token distribution. YFI Creator, Andrey Cronje stated that the token has no intrinsic value.

yearn.finance

My Neighbor Alice is a blockchain-based game where users can manipulate virtual islands being in turn rewarded for the contribution. ALICE is the on-chain token used for in-game purchases. The cryptocurrency offers staking benefits, users’ governance and voting, and freedom of creativity for developers.

MyNeighborAlice

SKL is a hybrid use token of the Skale network. SKL token has a number of functions. Token holders stake their assets to validators, who are rewarded with SKL for their services. Tokens are also used to pay for a subscription. Token holders also have a right to participate in the on-chain voting.

SKALE Network

Audius

MIR is a token of Mirror Protocol, a synthetic asset protocol created by Terraform Labs. MIR tokens behave like “mirror” versions of real assets, reflecting exchange prices on the chain. They give traders the ability to set prices for real assets providing partial ownership.

Mirror Protocol

WazirX (WRX) is a utility token that underpins the WazirX ecosystem. The WRX token is issued on the Binance blockchain. Holders of WRX tokens will be rewarded with various benefits on the WazirX exchange - a discount on trading commission (unlocking and obtaining a WRX token by placing trades), a discount on margin trading, and more.

WazirX

Harmony (ONE) is a token of the Harmony platform. The main goal of this platform is to support a decentralized economy by building marketplaces. The ONE token has utility usage. It can be used to get loyalty points and for exchange. Thus ONE token gives users an opportunity to participate in this ecosystem. 

Harmony

Bitcoin Gold (BTG) is a hardfork of Bitcoin separated in October 2017. The main purpose of Bitcoin Gold is decentralization of network and mining. The algorithm, on the basis of which the system operates, is based on hashing and is adapted to mining on GPU devices. The system is completely protected from repeated transactions.

Bitcoin Gold

TrueUSD (TUSD) is a stablecoin, which is 100% collateralized by the dollar. This means that 1 TUSD = 1 USD and its value does not change depending on the market situation. The main aim of the TrueUSD team is to expand the use of cryptocurrencies in the real sector.

True USD

NEAR Protocol (NEAR) is a cryptocurrency of the NEAR open-source platform. NEAR allows its owners to use applications on the platform, to be involved in network management, and to get rewards by staking to the network. The NEAR cryptocurrency may be either earned or bought via exchange or even asked from a friend thanks to the “NEAR Drop” approach. 

NEAR Protocol

Basic Attention Token (BAT) is an Ethereum blockchain based token that can be used to access various advertising services and services to draw attention on the Brave platform. Brave browser allows to solve digital advertising problems by creating a platform for mutually beneficial cooperation between users and advertisers.

Basic Attention Token

Balancer (BAL) is a token of the Balancer Protocol in the main Ethereum network. The team launched the token to ensure the platform was decentralized due to "diversification of control". Creators of the project consider that BAL token holders should be people who interact with the protocols in some way and are committed to its future development.

Balancer

Ankr (ANKR) token is the fuel of the Ankr network, which allows businesses and consumers to monetize their spare computing power from their devices, on-premises servers, private and even public clouds.

Ankr

Paxos Standard Token (PAX) is a stablecoin which is collateralized by USD in a ratio of 1:1. PAX is approved and regulated by the New York State Department of Financial Services. Also features of PAX are the lack of commission when converting to fiat and the ability to convert assets quickly 24/7.

Paxos Standard Token

ICON (ICX) is a whole ecosystem that allows different blockchains to interact with each other. Its main purpose is to unite various systems for speeding up and simplifying transactions. The internal coin ICX is used to pay for products and services directly by organizations that cooperate with the ICON Network.

Icon

UMA is the token of the UMA platform, which is designed to provide universal market access. UMA is created to support financial innovation that’s become available since the making of open public blockchains. UMA defines an open-source protocol that allows any two counterparties to design and create their own financial contracts.

0x (ZRX) is a token of 0x protocol that facilitate the decentralized exchange of ERC20 tokens. The protocol allows to transfer ERC20 tokens between users in a safe and fast mode using Ethereum smart contracts. So the goal of 0x is to effectively use all Ethereum tokens.

NU is the token of the decentralized threshold cryptographic platform NuCypher. NU tokens can be used as collateral against miner's behavior, as well as to pay for project services and to reward miners who perform re-encryption operations. The main reason for introducing NU tokens is to make the system more secure and repel any attacks that might lead to gaining most of the trust.

NuCypher

Kava (KAVA) is a cross-chain platform focused on Decentralized Finance (DeFi) applications. The Kava platform allows users to block their cryptocurrency to enter secured debt obligations and receive USDX stablecoins in return. The Kava token is also used to pay for transactions that prevent spam on the network.

Kava

BancorNetworkToken (BNT) is a cryptocurrency of the Bangor network that operates on the Bangor protocol. It is a special standard that helps to create “smart tokens”. “Smart tokens” are tokens that are able to calculate their prices by themselves. Also, they make the exchange process easier because allow one party to make an exchange without the third party needed.  

Bancor Network Token

DAG is a coin issued by the Constellation network. This platform allows users to create cryptocurrencies, blockchains, and decentralized applications. Constellation is built around the idea that everyone has a right to decide what data to produce and how to use it. The DAG coin is used within the platform as a payment method and a store of value.

Constellation

XVS is a native token of the Venus platform. The main purpose of Venus is to create a Decentralized Finance money market platform on Binance Smart Chain. The project is going to support digital asset lending and the creation of synthetic stablecoins. XVS is a governance token and is used for voting.

Venus

Ontology (ONT) is a digital coin that is used within the Ontology network. One of the main aims of the Ontology developers is to create a platform that would allow the implementation of blockchain technology in various industries and areas of activity. Companies involved in manufacturing, finance, education can interact with each other through the Ontology network.

Ontology

Qtum (QTUM) is a cryptocurrency of a platform that combines the properties of Ethereum and Bitcoin blockchains. Namely Qtum blockchain mixes the proof-of-work consensus and the smart contracts technology. Applications running on the Qtum platform are stored in the database as transactions on the blockchain.

Ontology

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