Ontology Network is a blockchain ledger network combining distributed identity verification, data exchange and collaboration, procedure protocols, attestation and other community services and various industry-specific modules. The current ONT token price is $8.30. Since its ICO the token price has gone up by x41.14, i.e. every $1 invested in ONT at the stage of ICO would be worth $41 today.
The interesting thing about Ontology is that the team did not hold a standard Initial Coin Offering and instead did not hold one at all. Instead, they used “Reward Events” to simply AirDrop tokens, at no cost, to individuals registered to Ontology’s email system. The second AirDrop round is set to coincide with the Q2 mainnet release.
Akin to NEO, Ontology utilises a 2-token model wherein ONT acts as a governance token allowing holders to vote in major decisions, similar to the voting rights of shareholders with central management and control resting with the team / board of directors.
The Ontology team plans a total of 1B ONT tokens to be generated by the Genesis Block (the first block of the blockchain). The ONT token will be a non-divisible token (i.e. the smallest denomination will be 1 ONT token). The ONT token will be joined by Ontology Gas, the ONG token, which is divisible into a billion individual parts, with a total supply of ONG tokens to be generated over 21 years. Similar to NEO, yet again, ONT token holders will receive passive income through ONG tokens. Many of NEO’s token holders who bought in early can now live off the passive income of NEO Gas tokens, and the same may hold true for ONG tokens accrued through holding ONT tokens.
It is vitally important to be aware of such AirDrops at as an early of a stage as one can manage to realise the potential x41 gains that the Ontology AirDrop represented. Furthermore, the second AirDrop is set to be up in the second quarter of 2018, thus making it even more imperative to participate in valuable crypto technology producing real gains for investors because of value generated by a strong team and an even stronger concept.
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