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How & Where to Buy Ontology A Step-by-Step Guide to Buying ONT

Congratulations! You can buy Ontology directly with cash at Binance.US.

  1. Sign up at our one of our top-ranked Ontology exchanges.
  2. Fund your new account with cash or crypto.
  3. Buy OntologyONT

Read on for detailed instructions below on where and how to buy Ontology and you will be a OntologyONT owner in no time at all.

  1. STEP 1Register at a ONT Exchange

    Best Ontology (ONT) Exchanges

    • binance.us logo
      Ease of use
      Easy
      Time to 1st Buy
      24 hrs
      24h Volume
      $27,986,487
      Coins
      54

      Founded in 2019 as the USA-focused branch of the Binance family of exchanges, Binance.US supports trading in over 50 cryptocurrencies, and has the same industry standard low 0.1% fees as the original international Binance exchange. American users can buy crypto directly with a debit card, but Binance.US is not available in 7 states including New York & Texas.

    After choosing one of the exchanges listed above, you will need to create an account. In some cases, the exchange will need some personal information like email address, phone number, name, address, and a copy of your government ID or passport.

    This is completely normal and all exchanges we list on this page have security in place to protect your personal info.

  2. STEP 2Fund Your Account

    It is now time to add funds to your newly created exchange account. This will allow you to purchase Ontology OntologyONT quickly.

    Upon signing up at the exchange, you should be shown easy to follow instructions to buy ONT with cash from your bank account or credit or debit card. Some exchanges also accept alternative funding methods such as Paypal, Apple Pay, Skrill, or Sofort by Klarna. You can also deposit any supported cryptocurrencies directly into your exchange account and trade them for ONT.

Frequently Asked Questions About Buying & Selling Ontology (ONT)

How do I Buy ONT with Crypto?

If you want to buy ONT with a cryptocurrency like Bitcoin, Ethereum, Litecoin, XRP, or BNB, then you can simply sign up for Binance.US and send your crypto to your account.

You can view the supported cryptocurrencies for the exchange you selected by going to the assets or wallet screen. Once you see a list of coins, you should be able to select one and click "deposit" which will show you the address to send your crypto to Binance.US.

You will then copy that address and paste it into the wallet holding your cryptocurrency and send.

Depending on the blockchain used and how quickly the exchange processes deposits, your funds should show up in your exchange balance within minutes.

How do I sell Ontology (ONT)?

To sell ONT, simply reverse the buying process described above. You will likely need to trade your OntologyONT into a USD coin like usdtUSDT. Look for a "Sell" button in your account wallet and sell for Dollars, then initiate a transfer to your bank account. To withdraw cash to your bank, you will likely need to complete a full KYC (Know Your Customer) process if you haven't already.

Ontology Research Center

Ontology Technical Details & Statistics

Tokenomics
  • Market Rank92
  • Market Cap575,668,141
  • Circulating Supply877,727,426
  • Total Supply1,000,000,000 ONT
  • Max Supply1,000,000,000
Yesterday's Trading
  • 24 HR Volume90,158,369 USD
  • Yesterday's High / Low---
  • Yesterday's Open / Close---
  • Yesterday's Change---
All Time Performance
  • All Time High---
  • All Time Low---

What is Ontology?

Ontology (ONT) is a NEO-based token that was distributed to campaign participants via “airdrop,” or the disbursement of coins for free. Ontology is a public blockchain project and one of the first of its kind to be released on the NEO platform (NEO is affectionately referred to “China’s Ethereum”). It hails itself as a “distributed trust collaboration platform.” While it only exists as a token for now, Ontology has plans to build a system of high-performance blockchains that include a series of distributed ledgers and smart contract systems, like Ethereum and other token-hosting platforms.

The Ontology framework is designed to support customizable blockchains for user-developed applications. It encourages collaboration among different chain networks and protocol groups within the platform so that individual applications can integrate other applications within the system to help streamline its processes.

History of Ontology

One of the first tokens to be publicly released on the NEO platform, Ontology was founded by computer scientist Jun Li, in 2017. Li, also an expert in blockchain development, was previously employed by international IT firms and major Chinese financial exchanges, taking part in the design of blockchain architecture for several other projects.

Ontology has the distinction of bypassing the ICO process (no funds were raised) for its release, instead being distributed to registrants who signed up for the project’s mailing list within a designated period. Its egalitarian principles have proved to be tremendously popular, with ONT surpassing a billion-dollar market cap in April 2018, after being on the markets for less than 5 weeks.

How Ontology Works

In the same vein as Ethereum, Lisk, NEM and NEO, Ontology is a platform that allows for not only token creation but also dApp (decentralized application) development. Because of its unique method of initial distribution (airdrop), its ownership is highly decentralized, meaning no single individual was awarded more tokens than any other upon release of the token. This has the benefit of providing equality among users and makes it hard for any one person or group of individuals to monopolize the system.

Ontology uses a set of “common modules” within its underlying infrastructure that are available for any developer who wishes to create an dApp within the platform. These are basically standardized software building blocks that have been tested and approved for use by the Ontology development team, which allows for the avoidance of exploitable coding mistakes that have frequently been the pitfall of major platform coins like Ethereum.

Why Ontology?

Besides acting as a public, transparent system of ledgers that are easily accessible and require no special permissions to join or become an application developer, Ontology strives to provide its users with some unique features not seen with most other cryptocurrencies. These include:

  • a distributed digital identity framework that provides verification of account and data ownership
  • a distributed data exchange protocol that connects all chains running on the ONT platform (collectively referred to as the “Ontology Ecosystem”)
  • system interaction protocols that allow for compatibility with “cross-chain, cross-system, and cross-industry scenarios” that reside on the ONT platform
  • continual development of new common modules to be used by ONT app developers for specific scenario requirements