Sesameseed is now operating on Ontology
Sesameseed is pleased to announce a partnership with the Ontology blockchain.
Ontology is a high-performance public blockchain project and a distributed trust collaboration platform. Ontology blockchain framework supports public blockchain systems and is able to customize public blockchains for applications. Ontology also supports collaboration among chain networks with protocol groups.
Sesameseed is excited to participate in the Ontology ecosystem and with its community. Sesameseed currently operates as a Triones Node on the Ontology Network. As a Triones Node, Sesameseed will facilitate development and community building on the Ontology blockchain.
In keeping with its founding principles of community empowerment through incentivized participation, Sesameseed intends to also operate a consensus node on the Ontology blockchain. As a consensus node, Sesameseed would help develop the decentralized blockchain that Ontology has created. Providing resources to the Ontology network and enabling community participation generates rewards as Ontology Gas (ONG). ONG is earned through “stake authorization” a process of community participation in the Ontology DPOS system that earns an individual rewards by “stake authorizing” a node candidate.
Sesameseed will distribute these rewards according to its 80:10:10 reward model. 80% of rewards generated by Sesameseed will be provided back to the Sesameseed community in the form of SEED, 10% will be contributed to the SEEDGerminator Developer Fund, and 10% will be reserved for Sesameseed’s operating expenses. To learn more about SEED, see the video explainer.
Learn more about Sesameseed, its crosschain community, and how SEED facilitates development across multiple blockchains here.
