Ontology’s (ONT) Token Distribution and Unlocked Amount
Ontology’s (ONT) circulating supply amount of 54.75% (547,500,000 ONT) refers to all ONT without lock periods (ONT that can be transferred, but not necessary ONT that can be traded at the moment). For example, the community portion is unlocked ready for distribution in upcoming events.
Ontology has already begun many technical partnerships, and several enterprises plan to build applications on Ontology. We are also planning future community airdrops. Ontology will publish periodical reports which will further introduce this.
Below is ONT’s distribution proportions with the circulating supply in brackets:
- Ontology Community: 12% (12%)
Giving back to the community is important for Ontology. This portion will be given back to the community through various events and as a reward to volunteers. This portion is entirely unlocked.
- Co-Builders: 28% (7%)
Ontology is a platform closely related to real-world institutions and businesses which will continue to be important providers of resources to the ecosystem throughout its long-term growth. The locked portion will be unlocked within the next two years in four batches.
- NEO Council: 10% (10%)
NEO is an important technology and ecosystem partner of Ontology, therefore, Ontology has given a portion of the tokens to the NEO Council for relevant cooperation and to support NEO community feedback. The NEO community has given significant support to Ontology in its initial phase. This portion is entirely unlocked.
- Ontology Ecosystem Development: 25% (12%)
Ontology will use this portion of the tokens to continue to build various application services, promote the ecosystem, and secure strategic cooperation for expanding Ontology’s coverage and adoption. 12% is unlocked and the remaining portion will be unlocked next year.
- Ontology Technical Community Reward: 10% (10%)
Technology is a core resource of Ontology, therefore 10% of tokens are reserved to reward the technical community for their feedback and contributions. This portion is entirely unlocked.
- Ontology Core Team: 15% (3.75%)
Ontology is a huge ecosystem with a growing mature development team. This portion provides long-term incentive for the team with yearly lock periods over four years.
About Ontology (ONT)
Ontology uses a dual token (ONT and ONG) model. ONT is a coin and can be used for staking in consensus, whereas ONG is a utility token used for on-chain services. ONT releases ONG periodically.
Ontology Token (also ONT) is a NEP-5 token which was used temporarily before the Ontology MainNet. Now the Ontology MainNet has been released, all NEP-5 ONT is currently undergoing token swap to the native ONT coin.
Ontology website: https://ont.io/
ONTO website: https://onto.app/