Ontology have recently listed their token in the BitPanda cryptocurrency exchange platform. Those who are trading Ontology will be able to trade it on Bitpanda.
Ontology tweeted: “Have you obtained your @unstoppableweb #NFT on #ONTO? With our collaboration with the SF-based project, UnStoppable Domains, users can now manage & store their .crypto #domains as NFTs on ONTO, launch censorship-resistant #websites & simplify #cryptocurrency transfers.”
A bit ahead of the 2-year anniversary of the Ontology Mainnet, they have published exciting updates concerning the release of ONT ID 2.0.
Ontology are excited about their community growth. They were glad to welcome 707 new members across Ontology’s communities in different languages like Bengali, Hindi, Spanish, and Korean. They have also added Portuguese, French, Swedish, and South African communities.
About 61 dApps are live on Ontology. Reportedly 5,389, 764 total transactions are complete with an increase by 50,818 transactions.
Reportedly, 30% of their Token Model code upgrade is complete, 30% of decentralized governance complete and the Ontology-specific integration on bloXroute is undergoing performance testing in the cloud environment.
Sydney Ifergan, the crypto expert tweeted: “Ontology as a high performance public blockchain and distributed ledger are actively improving on the facilities in the network. They are progressing in steps.”
Ontology (ONT) User Participation in Governance
As a part of celebrating their 2-year anniversary Ontology users will be able to enjoy a smoother $ONT buy and sell cryptocurrency experience on the Binance.US exchange. Users keen about making profits are tuned to the trading events on Binance.US.
The improvements in ontology governance and staking economic model where the Triones nodes are voting to decide on whether to put the community suggestions to practice to lower the staking and governance requirements, adds to the improvements of Ontology 2.0.
Ontology is doing its best to improve the ecosystem experience. The voting has been to lower the minimum requirements for staking to 1 ONT, currently it is 500 ONT. The withdrawal period is to be shortened for within 5 days.
There will likely be an increase in the fee consumption scenario meant to improve the whole of the network’s average transactions per second (TPS) to increase the gas fee per transaction to 0.05 ONG.
The rewards for the governance vote for the Ontology Triones nodes are to be increased. The current ONG unbinding model is set to be cancelled to further combine it with staking with a new releasing curve.
The requirements for user participation in Ontology governance are thus lowered, therefore more of users will be able to participate in ONT staking to earn the ONG rewards.
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