Ontology’s (ONT) circulating supply amount of 81.6364689 % (816,364,689 ONT) refers to all ONT without lock periods (ONT that can be transferred, but not necessarily ONT that can be traded at the moment). For example, the community portion is unlocked ready for distribution in community events.
We have updated all figures in alignment with the exact unlocked amount except for the Ontology Core team remains unchanged.
Below is ONT’s distribution proportions with the unlocked amounts in brackets:
Ontology Community: 12% (unlocked 11.5098410%)
Giving back to the community is important for Ontology. This portion will be given back to the community through various events for different scenarios within Ontology.
Around 2% of this portion has already been used in past airdrops at the beginning of the project to forego the popular initial coin offering (ICO) model. The remaining 10% has been and will be used for online and offline community events over time.
Co-Builders (institutional partners): 28% (unlocked 18.1886219%)
Ontology is a platform closely related to real-world institutions and businesses which will continue to be important supporters of the ecosystem throughout its growth.
The remaining unlocked amount will be unlocked over the next two years. A certain amount will be unlocked each half-year and all institutional co-builders will strictly follow two-year unlock rules without exception. Ontology will screen its co-builders and control the proportion strictly; even for the most important co-builders, the proportion is only 1–2%. For many co-builders, their allocation is less than 1%. Each co-builder has its own contract and signs an NDA.
NEO Council: 10% (unlocked 10%)
NEO is an important technology and ecosystem partner of Ontology, therefore Ontology will give a portion of the tokens to the NEO Council for relevant cooperation and support NEO community feedback. Around 2% of this portion has already been used in a two-part airdrop for NEO holders.
Ontology Ecosystem Development: 25% (unlocked 22.8262993%)
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.
Ontology Technical Community Reward: 10% (unlocked 7.8617067%)
Technology is a core resource of Ontology, therefore 10% of tokens will be reserved to reward the technical community for their feedback and contributions.
Ontology Core Team: 15% (unlocked 11.25%)
Ontology is a huge ecosystem with a growing mature development team. This portion provides a long-term incentive for the team with yearly lock periods.
The remaining unlocked amount will be unlocked over the next four years. Ontology has one of the longest lock periods for its core team, showing the confidence the team has in the long-term development of the project. The majority of the unlocked team amount has not yet been distributed.
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 that 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.