Ontology is a project designed to bring trust, privacy, and security to Web3 through decentralized identity and data solutions. It is building the infrastructure to provide trusted access to Web3, allowing individuals and enterprises to rest assured that through regulatory compliant digital identity solutions, users and their privacy come first.
The Ontology blockchain is a high speed, low cost public blockchain. It is designed to bring decentralized identity and data solutions to Web3, with the goal of increasing privacy, transparency, and trust. To achieve this, users and enterprises are provided with the flexibility to build blockchain-based solutions that suit their needs, while also ensuring regulatory compliance. Through Ontology’s Ethereum Virtual Machine (EVM), Ontology ensures frictionless compatibility with Ethereum, the first step in the creation of the Ontology Multi-Virtual Machine and further interoperability for the chain.
At its launch, Ontology chose to forego the popular initial coin offering (ICO) model in favor of a series of community distributions and airdrops of its ONT cryptocurrency, which began life as a NEP-5 token on the NEO blockchain.
This helped to quickly establish both organic price discovery and a passionate community and helped the project to avoid subsequent regulatory scrutiny.
For example, for a brief period any person who signed up for the Ontology newsletter received an airdrop of free 1,000 ONT, which reached a value of $10 per token soon after the token became listed on major exchanges like Binance.
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Ontology overcomes serious development issues which Neo has faced in past and both will compliment each other instead of competing with each other.
Ontology is enterprise ready and we may see few modules going live by 2019 as per the roadmap.
Ontology gives passive income to stakers and ONG price will increase over time. While china may not favour cryptocurrencies at the moment however serious progress made by ontology can see mass adoption in china and globally.
Ontology unfortunately is launched during bearish phase of the market and yet to see a real all time high. Eos market cap reached all time high of 17 billion during bull run purely on speculation . Assuming that Ontology is ready with serious developments till next bull run it can match valuation of EOS ie 37 times on CMP approx $92
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