Ontology Weekly Report (July 15–21)

The Ontology Team
OntologyNetwork
Published in
2 min readJul 22, 2020

This week, we are delighted to announce that almost $150 million USD worth of ONT is now staked on Ontology. In line with this exciting news, we also launched a new Ontology Node and Staking Yield Calculator for our community, making it easier than ever to count the staking yield on Ontology.

Last week’s hot topics:

Staking / Calculator / ONTO v3.1.0

Back-end

- Layer 2 research is complete

Product Development

ONTO v3.1.0

- New asset score feature added

- Optimization of credential feature complete

- Compound, MakerDAO, and Uniswap now supported

- ONTO Finance pre-order now available

- Further optimization of UI complete

dApp

- 69 dApps live on Ontology

- 5,952,089 dApp-related transactions since genesis block

- 14,668 dApp-related transactions in the past week

Bounty Program

- 1 new application for SDKs

Community Growth

- We welcomed 312 new members across Ontology’s Bengali, Vietnamese, Trading, and South African communities.

Newly Released

- Nearly 150 million USD worth of ONT is now staked on Ontology, making up almost 1/3 of the total circulating supply.

- Our new Node and Staking Yield Calculator is now available through the Ontology website. You can access the Node and Staking Yield Calculator here.

- Users can now use ONTO to manage their Chiliz (CHZ) assets, which powers Socios, a leading sports fan engagement & rewards platform. Socios has cooperated with top clubs such as FC Barcelona and Juventus.

Global Events

- Ning HU, Senior Architecture Expert at Ontology, was invited to an online AMA by Huoxing Finance, where he discussed the potential new opportunities decentralized oracles present, alongside representatives from Chainlink, Conflux, and IOSG Ventures.

- The Ontology x Phemex online AMA was a great success. Jack Tao, CEO of Phemex, was on hand to answer the Ontologycommunity’s questions and provided them with an exciting opportunity to avail of a year-round free membership of Phemex.

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