Trade ONT - ONT Markets, Exchanges, Broker
Ontology can really come up with some peculiarities. For example, despite the bear market, ONT has gained more than 90 percent in value over the past month.
Also, ONT never had an ICO, but was distributed to newsletter subscribers and registered users on their website via Airdrop. In addition, the coin can score with some large partnerships, which are presented below in more detail.So many positive things are reason enough to take a closer look at Ontology.
Who is behind Ontology?
Onchain, the parent organization of Ontology, lists 40 contributors as key people on its official website. Of these, 26 are developers. All key persons are presented there completely with a detailed curriculum vitae, so that one can win easily an overview of the abilities of the team.
The founder of Ontology is Jun Li, who has 16 years of experience in IT and Fintech. Also worth mentioning is Andy Ji, Chief Stratgey Officer of Onchain, who has 8 years of experience in building financial platforms. But the protagonist is probably Da Hongfei, who is also the founder of NEO and has worked with the Chinese government to create a healthy environment for the blockchain.
What are Ontology's partnerships?
In order to assess the partnerships, it is important to understand what Ontology's goal is. This is to help existing companies integrate blockchain technology into existing products. This is done by providing blockchain modules that can be integrated.
Among the partners is the private equity investment company Tembusu Partners from Singapore, which supports Ontology in the Southeast Asian market. The US venture capital firm Accomplice is helping the company build and expand in the US and Israel, while the venture capital firm Hashed is helping Ontology expand in South Korea and Northeast Asia. In addition, there are large partnerships with the venture capital firms Sequoia China, Danhua Capital (DHVC), Matrix Partners China and ZhenFund.
Last but not least, there are strategic partnerships with Microsoft China, Hyperledger, Alibaba and the Fosun Group. Ontology also worked with the Japanese Ministry of Economy, Trade and Industry before issuing its own tokens.
What technology does Ontology offer?
The technology offered by Ontology is based on the company's own tokens. With these tokens, companies can integrate blockchain solutions into their products without having to penetrate and develop the underlying technology themselves. This allows companies to focus on the problem at hand and save time and effort. So far, Ontology has succeeded in implementing various consensus modules and SDKs as well as cross-chain services.
Has Ontology delivered on its promises so far?
From June to October 2017, Ontology developed private blockchain solutions for private companies and government organizations. Therefore, it is not possible to judge whether they were delivered on time. However, the company has repeatedly received funds within a year. It can therefore be assumed that the majority of the promised services have been provided.
What does Ontology's roadmap look like?
In the roadmap published on April 13, Ontology gives a clear overview for this year, as well as for 2019 and 2020. The information is varied and it will become clear whether Ontology can meet all of the deadlines.
Why do we need ontology at all when NEO already exists?
Ontology and NEO have overlaps, but they are quite different in detail. NEO offers a public "all-purpose blockchain" and enables the creation of dApps. Ontology's Onchain, on the other hand, focuses on the creation of private and combined blockchains using DNA architecture, which can be adapted to the respective industry.
Conclusion
After the Facebook data theft, the entire concept of the blockchain has become more important than ever. It is becoming increasingly important for an application to use its technology in such a way that we, the users, are protected.
This is where ONT coins come in. They enable companies to integrate blockchains to protect data privacy and identity. Even if you can't predict the future, you should keep your eyes open and your eyes on ontology.