Ontology MainNet, Ontology 1.0, was launched on June 30th, 2018.
Ontology 1.0 provides new high-performance public blockchains that include a series of complete distributed ledgers and smart contract systems, and at the same time supports public chain customization and chain network collaboration, while continuously providing common modules in various distributed applications.
Public chain basic services, high-performance customizable blockchain framework, and protocol groups are the three key components of Ontology’s infrastructure. Ontology 1.0 includes a decentralized identity authentication protocol, distributed data management protocol, and credit score protocol. At the application level, the integrated client product (ONTO), trust search engine, and distributed data exchange framework will provide strong technical support.
The circulating supply of 53.75% 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. In the future Ontology will publish periodical reports which will further introduce this, as well as ONT circulation, distribution, and lock periods.
Below is ONT's distribution proportions with the circulating supply in brackets:
- Ontology Community: 12% (12%)
- Institutional Partners: 28% (6%)
- NEO Council: 10% (10%)
- Ontology Ecosystem Development: 25% (12%)
- Ontology Technical Community Reward: 10% (10%)
- Ontology Core Team: 15% (3.75%)