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Ontology Gas (ONG)

Ontology Gas (ONG) is the utility token that powers transactions and network activity on the Ontology blockchain. Ontology uses a dual-token model in which ONT represents the network’s governance and staking asset, while ONG is consumed when users execute smart contracts, transfer assets, or access other on-chain services. This separation is designed to distinguish long-term participation in consensus from day-to-day usage costs across the blockchain.

ONG began circulating after the Ontology mainnet launched in June 2018, with ONT holders receiving ONG over time according to the network’s token economics. Validators and delegators interact with the system through staking and consensus processes, while ONG provides the operational fuel needed to keep applications and transactions moving. In this respect, it plays a role similar to gas tokens on other smart contract platforms.

The Ontology ecosystem focuses on high-performance public blockchain infrastructure, digital identity, data exchange, and trust-based collaboration between different participants and systems. Its framework is built to support public chains as well as customized blockchain deployments for specific enterprise or application needs. Developers can use Ontology’s smart contract and ledger infrastructure to build decentralized applications, identity tools, and data-related services.

For investors and users, ONG’s relevance is tied to actual usage of the Ontology network. Demand for the token depends on the volume of transactions, smart contract execution, and services operating within the ecosystem. While ONT is associated with governance and staking, ONG is the practical resource that enables activity on-chain.

0.046411 USD
−0.0012101 (-2.54%)

Last updated

Market Cap
$22M
Fully Diluted Valuation
$37.3M
24 Hour Trading Vol
$1M
Circulating Supply
473M
Total Supply
800M
Max Supply
1B
Market Cap
$22,004,803
Fully Diluted Valuation
$37,255,934
24 Hour Trading Vol
$1,013,725
24h High
$0.04855763
24h Low
$0.04619807
24h Change
-1.95%
7d Change
-19.13%
30d Change
-37.23%
1y Change
-75.20%
Market Cap Rank
#758
Market Cap Rank (rehypothecated)
#958
Circulating Supply
472,511,097
Total Supply
800,000,000
Max Supply
1,000,000,000
All-time high
$4.39 (-98.94%) · 28 Sept 2018, 3:52 pm
All-time low
$0.04242318 (+9.23%) · 13 Mar 2020, 7:54 am