Passive Income: Staking Ontology (ONT) for ‘Ontology Gas’ (ONG)
NEO already rewards it’s holders by allowing them to “claim” 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.
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.
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.