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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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Binance USD

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Ethereum Classic

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Curve

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THETA

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Elrond

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THORChain

Yield Guild Games

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1inch

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Tezos

Illuvium

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Crypto.com Coin

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NEAR Protocol

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Aave

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PancakeSwap

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Harmony

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Reserve Rights

Mina

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

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Kusama

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Gnosis

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BitTorrent

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Bitcoin SV

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Compound

Symbol

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Waves

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KuCoin Shares

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Chiliz

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Stacks

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TerraUSD

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SushiSwap

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Perpetual Protocol

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Maker

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Audius

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The Sandbox

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Synthetix Network Token

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Huobi Token

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Helium

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Dash

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OMG Network

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Zcash

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Icon

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Telcoin

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Oasis Network

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

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

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

MOBOX

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

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

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.

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

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

BakeryToken

Revain (REV) is a stablecoin that is exclusively created for the Revain Network. Revain provides a feedback platform that rewards its users for valuable reviews. Thus, this token is aimed at giving the reviewers a reward for their work.

Revain

Celer Network (CELR) is a token based on the Ethereum platform with ERC-20 standard. It is used as remuneration for users in PoLC mechanism. The platform has a great team with a lot of work experience in different start-ups, and with such technological giants as Amazon and Google.

Celer Network

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.

QTUM

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

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

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.

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