Cryptocurrency Q&A
What is the ont coin?
What is the ont coin?
Eleonora
Tue Oct 15 2024
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6 answers
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I recently heard about this thing called 'ont coin' and I'm wondering what it is. Is it some kind of cryptocurrency? What are its uses and how does it work? I'm looking for a clear explanation.
6 answers
SolitudeSeeker
Thu Oct 17 2024
The process of staking ONT involves dedicating a portion of one's holdings to support network operations, with the time and cost of staking considered as necessary inputs.
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GinsengBoostPowerBoostVitality
Thu Oct 17 2024
Additionally, the operational costs of maintaining nodes on the Ontology network are also factored into the decision to stake ONT.
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GeishaElegance
Thu Oct 17 2024
The Ontology ecosystem employs two distinct cryptocurrencies: Ontology Coin (ONT) and Ontology Gas (ONG).
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Davide
Thu Oct 17 2024
On the other hand, ONG serves a distinct purpose as a value-anchoring toll mechanism for on-chain applications.
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BlockchainMastermind
Thu Oct 17 2024
ONT serves as the primary staking tool within the Ontology blockchain, allowing users to secure and maintain the network's integrity.
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