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ONG
USD
Last updated as of 2023/09/01 02:23:05 (UTC+0)Refresh
Want to display this on your website?Bitget converter provides ONG to USD real-time exchange rates, making it easy to convert Ontology Gas (ONG) to (USD). The conversion result is based on real-time data. The conversion result shows that 1 ONG is currently valued at 0 USD. Since crypto prices can change rapidly, we recommend checking back for the conversion result.
1 ONG is currently valued at 0 USD, which means buying 5 ONG would cost 0 USD. Similarly, $1 USD can be converted to Infinity ONG, and $50 USD can be converted to Infinity ONG, excluding any platform or gas fees.
About Ontology Gas (ONG)
What Is Ontology Gas?
Ontology Gas, or ONG, is the native token of the Ontology blockchain. Launched in 2018, Ontology is a high-speed, low-cost public blockchain designed to bring decentralized identity and data solutions to Web3. ONG plays a critical role in this ecosystem, acting as the fuel that powers transactions, smart contracts, and data processing operations on the Ontology blockchain.
As a dual-token system, Ontology employs both ONT (Ontology Token) and ONG (Ontology Gas) to manage and secure its network operations. While ONT is used primarily for staking in network governance, ONG is distributed to ONT holders as a form of gas fee, incentivizing participation and transaction validation on the network. This model ensures a sustainable utility mechanism where users are rewarded for their contributions to network security and stability.
Resources
Official Documents:
https://docs.ont.io/
Official Website:
https://ont.io/
How Does Ontology Gas Work?
Ontology Gas is designed to facilitate various operations within the Ontology network. It is used to pay for transaction fees, storage, and the deployment and execution of smart contracts, making it an indispensable resource for developers and users alike. When transactions or smart contracts are processed on the Ontology blockchain, ONG is consumed to compensate for the computational resources used. This mechanism not only keeps the network efficient but also prevents spam transactions by imposing a cost on the computation.
The distribution of ONG is based on the holding of ONT tokens. ONT holders are periodically rewarded with ONG, which can then be used to execute transactions or deployed in the network’s consensus process as part of the staking mechanism. This dual-token strategy enhances user engagement by allowing holders to participate directly in the governance of the blockchain while ensuring they have the necessary resources to use its services.
What Is ONG Token?
The ONG token serves multiple purposes within the Ontology ecosystem. As the practical "currency" of the platform, it provides a means to manage and pay for operational costs and services. Developers require ONG to deploy and run their applications, which includes updating or executing smart contracts. Additionally, ONG is used to execute transactions and for storage payments, ensuring that those who use more resources contribute accordingly to the network’s maintenance. ONG has a total supply of 1 billion tokens.
What Determines Ontology Gas’s Price?
The price of Ontology Gas (ONG) is primarily influenced by the classic economic model of supply and demand. As ONG is essential for executing operations such as transactions and smart contracts on the Ontology blockchain, the demand for ONG increases with the adoption and use of the Ontology network in Web3 applications. Factors such as network growth, increased user activity, and the expansion of Ontology’s services can lead to a higher demand for ONG, potentially driving up its price.
Moreover, the price of ONG is also significantly affected by market volatility and the broader state of blockchain technology and cryptocurrency regulation. Fluctuations in
ONG price can be triggered by latest news involving technological advancements, regulatory updates, or shifts in cryptocurrency trends that impact investor perception and confidence. Investors and users keeping a close eye on cryptocurrency charts,
cryptocurrency analysis, and cryptocurrency price predictions can witness real-time changes in market sentiment, highlighting the inherent risks and opportunities in investing in tokens like Ontology Gas as a crypto investment for 2024 and beyond.
For those interested in investing or trading Ontology Gas, one might wonder: Where to buy ONG? You can purchase ONG on leading exchanges, such as Bitget, which offers a secure and user-friendly platform for cryptocurrency enthusiasts.
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Ontology Gas to USD conversion rate trend
The price of Ontology Gas has not been updated or has stopped updating. Information on this page is for reference only.
Start by learning the basics of Ontology Gas: What is Ontology Gas and how does Ontology Gas work？
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BTC to USD
Amount
09/09/2026 09:06 today
0.5 BTC
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1 BTC
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5 BTC
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10 BTC
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50 BTC
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100 BTC
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500 BTC
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1000 BTC
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USD to BTC
Amount09/09/2026 09:06 today
0.5USD0.{5}6398 BTC
1USD0.{4}1280 BTC
5USD0.{4}6398 BTC
10USD0.0001280 BTC
50USD0.0006398 BTC
100USD0.001280 BTC
500USD0.006398 BTC
1000USD0.01280 BTC
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ETH to USD
Amount
09/09/2026 09:06 today
0.5 ETH
$1,232.33
1 ETH
$2,464.65
5 ETH
$12,323.26
10 ETH
$24,646.52
50 ETH
$123,232.6
100 ETH
$246,465.2
500 ETH
$1,232,326
1000 ETH
$2,464,652
USD to ETH
Amount09/09/2026 09:06 today
0.5USD0.0002029 ETH
1USD0.0004057 ETH
5USD0.002029 ETH
10USD0.004057 ETH
50USD0.02029 ETH
100USD0.04057 ETH
500USD0.2029 ETH
1000USD0.4057 ETH
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ETH to MXN
Mexican Peso
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L66,175.91ETH to UGXUgandan Shilling
Sh9,323,957.2ETH to ZARSouth African Rand
R39,559.64ETH to TNDTunisian Dinar
د.ت7,114.22ETH to TWDNew Taiwan Dollar
NT$77,609.18ETH to RSDSerbian Dinar
дин.248,697.93ETH to DOPDominican Peso
RD$144,798.31ETH to GELGeorgian Lari
₾6,408.1ETH to UYUUruguayan Peso
$99,156.65ETH to MADMoroccan Dirham
د.م.23,117.2ETH to AZNAzerbaijani Manat
₼4,189.91ETH to OMROmani Rial
ر.ع.947.41ETH to SEKSwedish Krona
kr23,662.88ETH to KESKenyan Shilling
KSh319,098.49ETH to ARSArgentine Peso
ARS$3,730,955.2ETH to QARQatari Rial
ر.ق8,984.15ETH to CNYChinese Yuan
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