2021-07-09 18:59:25
7 FACTS ON ONTOLOGY
$ONT provides the largest staking APY on Guarda. Let’s check top facts!
#1 Ontology is a public blockchain for digital identity and data. It allows companies with minimum crypto knowledge to integrate it to their businesses
#2 The PoW model needs more than 50% of all nodes on the network to check if the transaction is authentic. Though, the VBFT that ONT uses only needs 2/3 for cheaper and faster transactions
#3 It is capable of executing data and money transactions without the need of a 3d party. All transactions are secured through the VBFT.
#4 There was no ICO, which is the most common way to collect funds. ONT airdropped or transferred their coins for free to its investors.
#5 It adopts a dual-token model decoupling ONT and ONG to alleviate the risk of turbulent fluctuations of the native "asset" value on the gas fee.
#6 ONT is used as the staking tool. ONG is used as the gas fee in the transactions at ONT chain.
#7 You can stake ONT with 40% APY & receive extra ONG on Guarda!
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