Trade ONT/USD

ONT ID is a decentralized identity protocol built on Ontology that allows individuals and organizations to create self-sovereign digital identities that they control without relying on a central authority. A user creates an ONT ID by generating a cryptographic key pair and anchoring a DID (Decentralized Identifier) document on the Ontology blockchain. Applications can then request verifiable credentials from ONT ID holders, such as proof of age, nationality, or professional qualifications, without accessing a central identity database. The user chooses what to share and with whom.

Ontology uses two separate tokens with distinct functions. ONT is the primary governance and investment token, holding ONT grants voting rights on network governance and generates ONG continuously over time at a defined rate. ONG is the utility token used to pay transaction fees on the Ontology network. This separation means users who hold ONT passively accumulate ONG that they can use for transactions or sell. The model prevents gas fee speculation from affecting ONT’s governance value and gives ONT holders a continuous incentive to retain their position.

Ontology was founded by Jun Li and incubated by the NEO Foundation, sharing significant organizational DNA with the NEO blockchain. Both projects emerged from the Chinese blockchain ecosystem and share a focus on enterprise and regulatory compliance. Ontology operates as an independent project with its own mainnet, consensus mechanism, and token economics, but the two networks have collaborated on interoperability standards and cross-chain communication, and they share some early investor and developer communities.

No. ONT/USD on StoicFX is a Contract for Difference. You trade ONT’s price against the US dollar without holding any tokens. To stake ONT, generate ONG rewards, participate in governance, or use ONT ID features, you would need actual ONT tokens in an Ontology-compatible wallet.