Ontology Gas

Ontology Gas (ONG) is the utility token of the Ontology public blockchain, a platform that launched its mainnet on June 30, 2018, and is designed to support distributed identity management, data exchange, and smart contract services. It exists alongside a companion token, ONT, in a dual-token model where ONG specifically covers the cost of using on-chain services such as deploying and interacting with smart contracts. The network targets developers and organizations that need a customizable, high-performance blockchain infrastructure for trust-based collaboration.

Ontology uses a dual-token structure in which ONT holders who participate in consensus staking periodically receive ONG as it is released from the total supply. ONG is then spent as the fee currency whenever users interact with the Ontology network, including its EVM-compatible layer identified in the data as OntologyEVM. The consensus algorithm is not recorded in the stored data, so no further detail on the validation mechanism can be provided.

ONG is generated and distributed to ONT stakers over time rather than through block rewards paid to miners, and it is consumed as payment for on-chain services. The data does not record a distinct protocol fee stream flowing to a treasury, so fee-based measures common on this site are not directly applicable. What the data does show is a total value locked of 1,881.96 USD at point-in-time, against a market capitalization of 38,356,390 USD, producing a market-cap-to-TVL ratio of 20,493.66 and a fully diluted value-to-TVL ratio of 33,879.16, both of which reflect the very small amount of economic activity locked relative to the token's market size.