Last updated：--
View ChartOntology Gas (ONG) is the utility token that powers on-chain services within the Ontology blockchain ecosystem. Ontology itself is a high-performance, open-source public blockchain specializing in digital identity and data, positioning itself as "The Trust Layer for Web3." Unlike single-token networks, Ontology employs a dual-token model in which ONT serves as the governance and staking asset while ONG functions as the gas and value-anchoring token for transactions and smart contracts.
ONG was launched alongside the Ontology network, with a start date listed as 2018-08-23. The token has a maximum supply of 1,000,000,000 ONG and a total supply of 800,000,000 ONG, with circulating supply reported at approximately 481,178,346 ONG, representing roughly 48.1% of the maximum supply. The project is in an active development and ecosystem-expansion phase, with ongoing work on decentralized identity, cross-chain collaboration, and Layer 2 scalability.
Ontology Gas is part of the Ontology network, which was founded by Jun Li, also written as Jun LI. He is recognized worldwide as a blockchain solutions architect with seventeen years of experience. Detailed public information about the broader Ontology team and its organizational structure is currently limited beyond the founder's profile. The project maintains an official presence through its website, documentation portal, and Twitter account, where community and development updates are shared.
Ontology operates on a dual-token model designed to separate governance from utility. ONT is used as the staking tool, with the time, cost of staking, and operating costs of nodes treated as inputs; ONT can be staked in consensus. ONG, by contrast, is used as a value-anchoring tool for on-chain applications and is consumed in transactions on the chain. This decoupling helps alleviate the risk that turbulent fluctuations in the native asset value would destabilize gas fees.
ONT releases ONG periodically, meaning holders who stake ONT can receive ONG as a reward. ONG is essential for executing transactions and smart contracts, providing the necessary gas fees to maintain network operations. The Ontology infrastructure supports cross-chain collaboration and Layer 2 scalability, giving businesses flexibility to design a blockchain suited to their needs. Documentation for developers is available at https://docs.ont.io/.
ONG's value proposition is tied to Ontology's focus on digital identity and data as core primitives for Web3. The network enables developers and users to manage digital identity, reputation, and communication with privacy, trust, and control at the core. The dual-token design is a distinguishing feature: by separating the staking asset (ONT) from the gas and utility asset (ONG), the network aims to keep transaction fees more stable and predictable even when the native asset experiences volatility.
Ontology also offers automated solutions, data marketplace analysis, data attestation, and digital finance options. Its infrastructure supports robust cross-chain collaboration, and the project intends to continue developing common modules based on specific scenario requirements, such as those for a distributed digital identity framework and a distributed data exchange protocol.
ONG serves as the utility token for on-chain services in the Ontology ecosystem. It is required to pay gas fees for executing transactions and running smart contracts, making it essential to network operations. ONG also acts as a value-anchoring tool for various on-chain applications.
Beyond transaction fees, ONG supports ONT ID, a mobile digital ID application and decentralized identifier used throughout the ecosystem. It also underpins the DDXF, a decentralized data exchange and collaboration framework. Holders can obtain ONG as a reward for staking ONT, giving the token a role in network participation and incentive alignment. Data buyers can use Ontology's framework to access verifiable information securely, with ONG facilitating the associated on-chain activities.
The Ontology ecosystem continues to develop around decentralized identity and data sharing. Its feature set includes ONT ID, a mobile digital ID application and DID used throughout the ecosystem, and DDXF, a decentralized data exchange and collaboration framework. Ontology supports collaboration among chain networks through its various protocol groups, and its blockchain framework reportedly supports public blockchain systems that can be customized for different applications.
The project aims to constantly provide common modules on the underlying infrastructure for different kinds of distributed scenarios, including a distributed digital identity framework and a distributed data exchange protocol. Ontology intends to continue developing new common modules based on specific scenario requirements. Development activity and technical documentation are maintained through the project's official channels, including https://docs.ont.io/.
ONG is not mined through traditional proof-of-work mining. Instead, it is generated and distributed through the Ontology network's staking mechanism. ONT holders can stake their tokens in consensus, and ONT releases ONG periodically as a reward. This means the primary way to obtain ONG through participation is to stake ONT rather than to run mining hardware.
The dual-token model treats the time, cost of staking, and operating costs of nodes as inputs for ONT, while ONG is used for on-chain services and transactions. Users who wish to acquire ONG without staking can also obtain it through supported trading platforms and exchanges where the token is listed. As with any crypto asset, the economics of staking and rewards depend on network conditions and participation levels.
Because ONG operates on the Ontology blockchain and also on the BNB Smart Chain as a BEP20 token, users should ensure they use wallets and interfaces that support the correct network for their holdings. Always verify contract addresses and network details before sending tokens, since sending assets to an incompatible address or network can result in permanent loss.
Standard security practices apply: use hardware wallets for significant holdings, keep private keys and seed phrases offline and never share them, enable two-factor authentication where available, and be cautious of phishing links and fake token contracts. Since crypto is highly volatile and prices can move sharply in either direction, only store and transact amounts you are prepared to manage. Regularly review official channels such as https://ont.io/ and https://twitter.com/OntologyNetwork for authentic updates and announcements.
Buy in just 4 steps (Register → Verify → Deposit/Purchase → Receive Coins)
Choose Ontology Gas products that suit your trading style
Thank you for your interest in BTCC. Currently, spot and futures trading services for ONG are not supported. As a leading digital asset platform, BTCC is committed to providing a secure and stable trading environment. We recommend completing your account registration and identity verification (KYC) to explore other premium assets and exclusive benefits available on BTCC.
As of right now, the live price of Ontology Gas (ONG) is $0.092497. Its market price fluctuates in real time based on overall supply and demand, and you can check the updated ONG to USD rate at the top of BTCC’s price page. In terms of market scope, Ontology Gas records a 24h trading volume of $2.773472M (reflecting total buying and selling activity over the last 24 hours), with a total market cap of $44.368073M. Its current circulating supply stands at 482.39M out of a maximum supply cap of 1B.
The price volatility of Ontology Gas (ONG) is essentially driven by market supply and demand dynamics. Key factors behind its price movements include: 1) Global macroeconomic conditions and sentiment, such as Fed interest rate decisions; 2) Tokenomics, including the ratio of circulating supply (482.39M) to max supply (1B), as well as token unlocks and burn mechanisms; 3) Fundamental developments, such as ecosystem expansion, on-chain activity, and core protocol upgrades; and 4) Derivatives market dynamics, including leverage battles and liquidation cascades in perpetual contracts.
Looking at its historical price performance, Ontology Gas (ONG) hit an all-time high (ATH) of $4.59254 on 2018-09-28 10:50, representing the peak of market sentiment. Conversely, its all-time low (ATL) was recorded at $0.039338 on 2020-03-13 02:30. Note that historical highs and lows reflect past performance only and do not guarantee future price trends; investment decisions should always align with live market conditions and your personal risk tolerance.
When trading ONG futures on BTCC, technical chart analysis begins with identifying key support and resistance levels on 1D and 4H charts using historical price pivots. Next, apply MA/EMA indicators to gauge trend directions, alongside RSI (values above 70 indicate overbought conditions, while below 30 suggest oversold levels). Always validate breakout signals with the 24h trading volume ($2.773472M), as price breakouts accompanied by strong volume offer higher reliability.
Unlike spot trading where you can only profit from rising prices, BTCC’s ONGUSDT perpetual contracts support two-way trading. If you anticipate a price decline for Ontology Gas, simply log into your BTCC account with USDT margin available, navigate to the ONGUSDT pair, set your desired leverage and Take-Profit/Stop-Loss levels, and click "Sell/Short". Once the price drops to your target, close your position to lock in profit from the price difference.
Yes. BTCC offers flexible, high-tier leverage options for ONGUSDT perpetual futures, providing up to 500x leverage (maximum leverage limits may vary depending on liquidity). While leverage boosts capital efficiency by allowing you to control larger position sizes with less margin, it also amplifies liquidation risks proportionately. BTCC strongly advises using Stop-Loss orders to strictly manage risk when trading with high leverage.
Beginners and traders testing new strategies can switch to BTCC's "Demo Trading" mode with a single click on the App or Web interface. The demo account comes pre-loaded with risk-free virtual funds (such as 100,000 USDT). Powered by live market prices (current price: $0.092497), you can practice opening/closing positions, adjusting leverage, and setting TP/SL for ONGUSDT with zero financial risk.
Trading Ontology Gas (ONG) on BTCC requires just 4 simple steps: 1) Register a BTCC account and complete basic Identity Verification (KYC); 2) Buy USDT using fiat via credit card/express payment, or deposit USDT/BTC directly from an external wallet; 3) Navigate to the Futures section, search for ONGUSDT, and review its live price ($0.092497) and chart; 4) Select your margin mode and leverage, choose "Buy/Long" or "Sell/Short" based on your market outlook, set TP/SL orders, and confirm your trade.
Cryptocurrency prices are subject to high market risk and price volatility. You should only invest in products that you are familiar with and where you understand the associated risks. The content expressed on this page is not intended to be and shall not be construed as an endorsement by BTCC regarding the reliability or accuracy of such content. You should carefully consider your investment experience, financial situation, investment objectives, and risk tolerance, and consult an independent financial adviser before making any investment. This material should not be construed as financial advice. Past performance is not a reliable indicator of future performance. The value of your investment can go down as well as up, and you may not get back the amount you invested. You are solely responsible for your investment decisions. BTCC is not responsible for any losses you may incur. For more information, please refer to our Terms of Use and Risk Warning. Please also note that data relating to the above-mentioned cryptocurrency presented here (such as its current live price) are based on third-party sources. They are presented to you on an “as is” basis and for informational purposes only, without representation or warranty of any kind. Links provided to third-party sites are also not under BTCC’s control. BTCC is not responsible for the reliability or accuracy of such third-party sites or their contents.
Bitcoin
Ethereum
Tether USDt
BNB
XRP
Solana
Dogecoin
Cardano
Avalanche
