FAQ on Ontology Core Team’s Staking of 37,500,000 ONT
In a live AMA on YouTube on July 24th, 2019, Ontology announced that the Ontology core team decided to stake 37,500,000 ONT, 100% of the ONT amount unlocked for the Ontology core team in 2019. We are pleased to announce that the staking has completed.
Since the announcement, we have received some questions from the community. To keep the community better informed, we have prepared the following FAQ.
What is the staking amount? Where can we see the staking information? And when was the staking completed (at which block height)?
The staking amount is 37,500,000 ONT. The amount equals to 100% of the ONT amount unlocked for the Ontology core team in 2019 and is 3.75% of the total ONT supply. The details are as below:
1. Transaction hash: e187c0ba86c74645de3cc0bb9f75bb0f48a87123f039118262246de1af5c8692
Block height: 5896843
Stake amount: 3750000 ONT
Wallet address: ATmZZkN1YKftT2UAC1JQEGcTuT3z5Qq4PC
2. Transaction hash: 0caf0d121ab0a88e96a903ffb9e63dd5302e9f1395527bc943647f31f046c6ec
Block height: 5896816
Stake amount: 2500000
Wallet address: ATmZZkN1YKftT2UAC1JQEGcTuT3z5Qq4PC
3. Transaction hash: a521edc10760e6700b456cb287876bcaf4e2694d3db2b867a3541150b41b0f50
Block height: 5896810
Stake amount: 2500000
Wallet address: ATmZZkN1YKftT2UAC1JQEGcTuT3z5Qq4PC
4. Transaction hash: 8002b31d1a7dcb14f04cd557c7fada8d56a4edc980a2bb3688121a97d2f94b1c
Block height: 5896019
Stake amount: 1500000
Wallet address: ANZH6McmwUKABVKRbduGXfbbqhaz6Fxokd
5. Transaction hash: 235f90622d920e6d50f921dfc46395b4af936d139d6b723702e4e08fddba4870
Block height: 5896015
Stake amount: 4000000
Wallet address: ANZH6McmwUKABVKRbduGXfbbqhaz6Fxokd
6. Transaction hash: f410045af7196350b6faa0ea5bc2b11e03c410aaebb0f9bf357abb14439a01b5
Block height: 5896010
Stake amount: 3000000
Wallet address: AMgqgcQADQ8v7AcCeHia92vneRzhX1FMG4
7. Transaction hash: 26d3805445b50faa93fc93e9f9c3c0b19714d707ef6f26ae3838c4795d6cd07a
Block height: 5896002
Stake amount: 2500000
Wallet address: AMgqgcQADQ8v7AcCeHia92vneRzhX1FMG4
8. Transaction hash: cc6178f1c46338e23fd30573b3e37a63424e9dcb8425c7714ef492108e8f5e2a
Block height: 5895980
Stake amount: 3000000
Wallet address: AUtZgQxZQwnmzPa68zAphyxyByGFh9kDK4
9. Transaction hash: 134f9078d8d358d961bf1b5ee191104b4cc8dfcc448c2250513e1d88af8ceff7
Block height: 5895972
Stake amount: 2500000
Wallet address: AUtZgQxZQwnmzPa68zAphyxyByGFh9kDK4
10. Transaction hash: 1771d61876584139316a105dbd5cc67fe0fbfa8e6b952ddbc1e358d23c7c421a
Block height: 5895943
Stake amount: 3000000
Wallet address: AbYiPDZLGD4qPzkx4b3fhDQUhaRWVJbyGd
11. Transaction hash: 6f1097215e15b15263a61375494b0f3f4347a11252cadde571d0daa440266b94
Block height: 5895936
Stake amount: 2500000
Wallet address: AbYiPDZLGD4qPzkx4b3fhDQUhaRWVJbyGd
12. Transaction hash: d489df6269c071e334ea67226818106fd50775387bc77d31037f076844def6ed
Block height: 5895900
Stake amount: 3000000
Wallet address: Ado2HUiKWwAfHGpoE4cWKSpzyAx99zQEX9
13. Transaction hash: d557f03200785f4208eec2a89840001c74bf63e7709bf66e891abda4b021e142
Block height: 5895886
Stake amount: 2500000
Wallet address: Ado2HUiKWwAfHGpoE4cWKSpzyAx99zQEX9
14. Transaction hash: da7eab98f9aa89f5fdf5a0d491266a4b524398d2cb3cd58d6a9c9685752fe0de
Block height: 5892343
Stake amount: 1200000
Wallet address: ALWoJhgTY2j2SGg4bM5eBp7LeCrC9sp7Cc
15. Transaction hash: e07f6c848d9579a80fb942bb4c1ecc8cd19f16bc47f5077162d1b4679310e49e
Block height: 5903955
Stake amount: 50000
Wallet address: ALWoJhgTY2j2SGg4bM5eBp7LeCrC9sp7Cc
Where are the 37,500,000 ONT staked?
The 37,500,000 ONT are staked in the Ontology consensus nodes.
How long will the ONT be staked?
The team intends to stake this ONT amount for a long time. The team is dedicated to growing the Ontology DeFi ecosystem and the number of active users and transaction volumes.
How are the 37,500,000 ONT staked? (How many ONT are staked in each consensus node?)
The 37,500,000 ONT are staked in the Ontology consensus nodes. You can see the staking information at https://explorer.ont.io/ or in OWallet.
Will the staking of the 37,500,000 ONT dilute the rewards for staking users?
Staking from the core team will not receive additional foundation rewards. The rewards distributed to staking users are decided by the node reward distribution system. The core team will not withdraw ONG rewards.
How does the staking benefit the project and ONT holders?
The staking first shows the core team’s confidence in the project and can reduce ONT circulation in the market. In addition, this is good for the long-term development of the entire Ontology ecosystem and enables the team to focus more on DeFi, game, data asset exchange, and other sectors.
37,500,000 ONT is a big amount, why did the core team decide to stake them?
The Ontology team has always focused on the long-term goals and growth of the project. The staking makes it clear that instead of short-termism, the team is committed to building a trust collaboration platform and a trust ecosystem.
After the staking period is over, where will the 37,500,000 ONT go?
The 37,500,000 ONT will be back to the core team.
Why did the team stake the ONT instead of locking up the ONT?
Staking is beneficial to the development of the Ontology ecosystem. Moreover, node information is open to all and fully transparent. Anyone can check the information anytime.
How will the staking be regulated?
Based on the innate features of blockchain, staking information is open to all and fully transparent. Anyone can check the information anytime and point out any irregularities.
Do let us know if you have any other questions, thank you for your support.
Find Ontology elsewhere
Ontology website / Ontology GitHub / ONTO website / OWallet (GitHub)
