
Ontology to Hold AMA on X on June 13th
Ontology will conduct an AMA on X on June 13th at 7:00 UTC to introduce a new data model developed in collaboration with Orange Protocol. Refer to the official tweet by ONT: We’ve got from joining us this week to chat about the launch of a new data model. 🤖Set your reminders & have your coffee ready. 💙 ONT InfoOntology is an open-source blockchain that provides Web3 trust, privacy and security to enterprises and individual users. Ontology functions as a blockchain framework that supports public blockchain systems and offers customization capabilities for specific applications. It facilitates interaction between blockchains with different protocol groups, contributing to the development of shared modules of underlying infrastructure for various distributed scenarios, including digital identification and distributed data exchange.The ONT token was created as part of Ontology's two-tier token system. ONT serves as a governance token used for voting on network decisions, while ONG (Ontology Gas) is a utility token used for transaction fees and executing smart contracts on the network.