Ontology
Crypto Overview
Project Overview
Ontology is a high-performance blockchain platform designed to bridge the gap between traditional business infrastructure and distributed networks. The project aims to provide a framework for implementing blockchain technology in various business scenarios, with a focus on digital identity, data exchange, and decentralized collaboration.
Intended Utility
The primary purpose of ONT is to serve as the governance token of the Ontology network. It enables staking, validation of transactions, and participation in network governance. The token is also used for smart contract deployment and accessing network resources.
Actual Utility & Adoption
Ontology has established partnerships with various businesses and organizations, particularly in Asia. The network is actively used for digital identity solutions, decentralized data exchange, and cross-chain collaboration. The project maintains consistent development activity, with regular updates and improvements to its infrastructure.
Token Distribution & Governance
The token distribution model shows a relatively balanced allocation, with approximately 12% allocated to the founding team and institutional investors. These tokens were subject to a vesting schedule to prevent immediate dumping. The project demonstrates transparency in its operations and governance structure.
Development vs Marketing
Ontology maintains a strong focus on technical development, with regular GitHub contributions and protocol updates. While marketing efforts exist, they appear proportional to development activities and focused on genuine use cases rather than token price speculation.
Revenue Model & Operations
The network generates revenue through transaction fees and network resource utilization, avoiding interest-based mechanisms. The staking system operates on a delegated proof of stake model that aligns with Islamic principles as it represents actual work and network security rather than interest-bearing loans.
Crypto Impact
To assign a comfort level investing in Ontology from a halal perspective we need to determine whether it has a net positive or negative impact.
Towards this end, the table below is used to tally all the positive and negative considerations our members can think of related to Ontology.
If you don’t see something that should be listed, positive or negative, feel free to submit your own contribution using the button “Contribute”.
We will review your contribution for accuracy before publication.
Importantly, you can review listed contributions and vote on which one you think has the greatest impact, positive or negative.
You only have one vote per asset so use it wisely.
You can change your vote if you change your mind.