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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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Terra

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VeChain

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Ethereum Classic

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TRON

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The Graph

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THETA

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Aave

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Crypto.com Coin

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Algorand

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Filecoin

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Monero

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Compound

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SHIBA INU

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1inch

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Cosmos

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THORChain

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Reserve Rights

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

XinFin Network

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BitTorrent

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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

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

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

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

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. 

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Decred

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The Sandbox

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

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

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Elrond

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

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Kusama

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Theta Fuel

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Waves

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KuCoin Shares

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Celo

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Dash

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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.

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Stacks

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Enjin Coin

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Helium

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

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Zcash

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Zilliqa

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DODO

Audius

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

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

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SKALE Network

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Mirror Protocol

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

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

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

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

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.

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

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

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

Constellation

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

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

SUPER is a native token of the SuperFarm platform. This platform gives an opportunity to its users to set up NFT farming without coding. With the help of this platform users can farm, sell, and create NFTs. SUPER token is used for several purposes, such as voting, fees, reward, SUPER holders also have access to exclusive NFTs.

SuperFarm

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

Origin Protocol (OGN) is an ERC-20 token created for the growth of the Origin network. Origin provides an affiliate/advertising platform, encourages end-clients to use and share the platform, and transfers value between buyers and sellers in the form of a payment token. The Origin Protocol aims to build a middlemanless sharing economy using the Ethereum blockchain and IPFS.

Origin Protocol

TKO is a utility token of the Tokocrypto ecosystem. This crypto allows you to receive discounts on trading fees, participate in investment programs, profitable farming, DeFi lending. It is an important part of the payment gateway in the built-in NFT marketplace.

Ontology

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