The total issuance of ONT coins is 1 billion, which is mainly used for network fees, staking mining and voting. Post-ICO issuance distribution: 40.3% for the Ontology Foundation, 30.3% for ICO participants, 20.4% for early contributors, and 9% for the Ecosystem Development Fund.
ONT coin issuance quantity
Answer:
Total issuance of ONT coin The quantity is 1 billion pieces.
Detailed description:
ONT coin, the full name is Ontology Token, is a native token issued by Ontology (Ontology Network). Ontology is a public chain platform that aims to build a distributed and trustworthy business ecosystem.
The main functions of ONT coins include:
- Network fees: Users need to use ONT coins to pay for transactions, deployment of smart contracts and other operations using the network.
- Staking: Token holders can pledge ONT coins to verification nodes to obtain rewards and participate in network governance.
- Voting: Token holders can use ONT coins to vote for candidate nodes and let them become verification nodes.
ONT coins were initially sold through an Initial Coin Offering (ICO), raising $400 million. After the ICO, the distribution of ONT coin issuance is as follows:
- 40.3% allocated to the Ontology Foundation
- 30.3% allocated to ICO participants
- 20.4% allocated Give early contributors
- 9% Allocated to Ecosystem Development Fund
As of September 2023, the circulating supply of ONT coins is approximately 820 million.
As the cryptocurrency market continues to fluctuate, Ontology (ONT) was last seen at $0.1649, down 7.06% in the past 24 hours. However, its 24-hour trading volume reached $17 million, indicating that there is still a lot of money flowing into ONT.
In terms of supply, the circulating supply of ONT is approximately 900 million, the maximum supply is 1 billion, and the total supply is basically consistent with the circulating volume. This suggests that there is a limited supply of ONTs on the market, which may help its price remain stable. However, we need to pay close attention to future market changes and supply dynamics.
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