Earn Passive Income Staking Ontology (ONT) for 'Ontology Gas' (ONG)

Earn Passive Income Holding/Staking Ontology (ONT) for ‘Ontology Gas’ (ONG)

Ontology has been a very progressive project. Since it’s inception in March of 2018 it’s price has risen with consistent strength from $1.40 to $7.92 as I write this article. What is Ontology? In their own words: Ontology is a new high-performance public blockchain project & a distributed trust collaboration platform. Ontology provides new high-performance […]

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Ontology has been a very progressive project. Since it’s inception in March of 2018 it’s price has risen with consistent strength from $1.40 to $7.92 as I write this article.

What is Ontology?

In their own words:

Ontology is a new high-performance public blockchain project & a distributed trust collaboration platform. Ontology provides new high-performance public blockchains that include a series of complete distributed ledgers and smart contract systems. Ontology blockchain framework supports public blockchain systems and is able to customize different public blockchains for different applications. Ontology supports collaboration amongst chain networks with its various protocol groups. Ontology will constantly provide common modules on the underlying infrastructure for different kinds of distributed scenarios, such as those for the distributed digital identity framework, distributed data exchange protocol, and so on. Based on specific scenario requirements, Ontology will continue to develop new common modules.

NEO rewards it’s holders by dripping another cryptocurrency called GAS to their compatible NEO wallets. Holders are allowed to “claim” GAS as it populates in their wallets. The GAS amount can easily be calculated by a website called NeoToGas.com.
Like NEO, Ontology will too offer its holders an incentive, but it will be in the form of it’s own cryptocurrency called, ‘Ontology GAS’ (ONG). Also like NEO, there is a GAS calculator for Ontology, called ‘Ontology Gas Calculator.‘ Simply enter the amount of Ontology you currently hold, and the website will calculate your GAS return.
On June 2, 2017 one NEO was worth $1.24 and at the time if writing this article, one NEO is worth $56.20.
Ontology does not yet distribute ONG, but it is rumored it will begin later this month around the time they launch their main net.
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