The digital world is not confidential enough today. The eye of regulators monitors every operation in the global network and in order to obtain permission to perform certain actions, it is necessary to disclose personal data. The Ontology project undertakes to solve this problem.

Ontology (ONT) Trading Platform
Ontology (ONT) Trading Platform

What is Ontology?  Brief  history

Ontology is an accessible platform. It can be used by organizations even without knowledge of Blockchain technology or distributed networks. This technology is a relatively new phenomenon. Most organizations are just trying to get comfortable with it. Understanding the principle of work and applying it in practice is a rather time-consuming process. Ontology helps make this process faster.

The platform offers many tools that organizations can tailor to suit their business needs. In fact, Ontology can be called a gateway for the widespread adoption of Blockchain technology in the corporate sector.

In addition, Ontology seeks to use cryptographic techniques in conjunction with distributed ledgers to facilitate identification and improve proof of ownership. The team hopes to contribute to solving fundamental problems of identification systems, which mostly use outdated technologies.

The founder and lead developer of Ontology is Jun Li. Li has extensive experience in computer science and business with a background in financial exchanges.

More than 60 people work with Lee in the core team. This makes Ontology one of the largest teams to ever exist on a single blockchain project.

All team members have an impressive track record and consider themselves experts in a variety of fields, including distributed application development, business management, marketing, and global finance.

Information about Ontology (ONT)
Information about Ontology (ONT)

How Ontology works? 

Understanding how a layered network works is not easy. 

  • At the first level, Ontology interacts with other platforms. Thanks to this integration, all Ontology users get access to the functions and capabilities of such large projects as Ethereum, NEO, EOS, and other networks.
  • The second level is the foundation of working protocols and APIs. Ontology provides the tools that any organization and developers can use to create their own blockchain solutions that they need to run their business. The advantage of the platform is that you do not need to be trained to do this.
  • At the last level of the system are corporations, companies, organizations and institutions that use blockchain technologies in their activities.

The Ontology project itself can be compared to a consulting company. The project participants receive comprehensive assistance, the necessary tools and connections to implement distributed ledger technology in their company.

Feature of cryptocurrency Ontology 

Ontology's work is based on two main components:

  • A network of chains.
  • Trusted ecosystem.

The chained network represents the underlying protocol that provides the foundation for the second part of the system. The network handles things like the consensus algorithm, communication protocol, security, and others.

The trusted ecosystem is the part that users interact with. It performs two main tasks: eliminating the possibility of information substitution or theft, as well as providing users with ample opportunities to control the dissemination of personal data on the Internet.

The ecosystem includes four chains:

  • identification of users, organizations
  • application identification and communication
  • identification and communication of modules, protocols
  • linking all other chains together

Thus, a flexible modular design has been developed that can meet the needs of various industries and commerce. Ontology adapts easily to a huge range of features.

What affects the price of Ontology?  

The first ONT launch was based on the NEO blockchain, and it took place in 2017. Project coins were for NEO holders. During the distribution process, 20% of ONT went to community members. The total emission of the resource is 1 billion tokens. All coin holders will receive the so-called Ontology GAS (similar to the NEO network). A while ago, the platform was giving away a thousand coins to sign up for its newsletter. However, this is no longer relevant since it has stopped coming out.

ONT value by spreading market speculation. If the demand for a digital asset is high, then its value will rise. The more people who want to buy ONT, the more likely it is that the value of the coin and its value will grow. The most expensive currencies are those that are widespread and in high demand. These are digital assets for the long term.

Ontology (ONT) trading conditions
Ontology (ONT) trading conditions

What are the advantages of Ontology?

  • Good reputation for Ontology. This indicator plays a huge role. The company that created the digital currency is known not only for its partnership with NEO, but also for being the first to join the massive Hyperledger project.
  • Experienced and professional development team, including Hong Li, Honglei Kong and Ning Hu. These are the largest experts in the field of blockchain technology. They teamed up and added some experienced engineers to their team. You can see their achievements on the platform's official website.
  • The presence of large investors. Among those who have invested in the development of Ontology are the leading and large-scale funds of the market. This acts as a kind of guarantor of the project's reliability.
  • Business orientation. Thanks to the introduction of innovative technologies, the project opened up new opportunities for entrepreneurs that allow them to use blockchain technologies even in the absence of any skills to work with it. This is made possible by the ability to customize protocols and a flexible platform.
  • Trust in the cryptocurrency field. This point is the main advantage of Ontology. Before the creation of the project, there was no possibility of working on a distributed ledger from the side of business processes. In addition, there was no guarantee of the safety of personal data of users and other confidential information. The creators of the project claim that they managed to develop an innovative “trusted blockchain ecosystem”. Any business processes can be implemented in it.
  • An opportunity for entrepreneurs to implement blockchain in their activities, without preliminary preparation and study of this technology. This is a completely unique feature unique to the Ontology project.
How to Buy Ontology (ONT)?
How to Buy Ontology (ONT)?

Where to buy Ontology in Qatar? 

The main ways to buy or sell ONT are exchanges and trading platforms with a broker. It is traded on more than 50 exchanges, but the bulk falls on the Binance exchange - it is reliable and has a Russian-language interface.

Trading through the online trading platform is extremely convenient, as it allows the trader to minimize the time spent on transactions and customize the chart architecture based on the task at hand.

The advantages of such trading:

  • Convenient platform designed for novice traders
  • Trade thousands of CFDs
  • Highly regulated broker
  • Accepts debit / credit cards, bank accounts and e-wallets
  • Complete mobile application
  • 24/7 support
How to Register?
How to Register?

How to start investing in Ontology in Qatar? 

The digital currency market is very popular. Prices on it change much faster than on any of the existing financial markets. This makes currency trading attractive to those investors who want to harness the potential for volatility to profit from trading.

Trading on the trading platform through a broker is based on Contracts for Difference (CFDs). They allow you to benefit from both rising and falling currency rates.

The principle of operation is as follows: you need to study the current market situation, make an assumption about the future direction of the price and open the corresponding position:

  • Long - if you think the asset price will rise.
  • Short - if you expect the rate to fall.

A profitable position or not depends on how correctly the price movement is predicted.

How do Ontology CFDs (ONT) work? 

When trading CFDs, you do not buy or sell the asset as such. In this trading, an agreement (contract) is concluded with the platform on the direction of price movement of the corresponding trading asset. This way you can profit from ONT price fluctuations that you don't even own.

One of the opportunities offered by the platforms is leveraged trading. The use of leverage implies working with borrowed funds, therefore, it is an increase in trading capital. But leverage works in two ways and can increase both potential gains and potential losses. It is important to assess and control risks when placing orders.

It's not difficult to start investing in Ontology in Qatar! It is important to take a smart approach that will help instill confidence in your work and lead you to successful deals!

To invest in Ontology in Qatar, you must be able to use the following tools:

  • Stop Loss. This is an order to the broker to close a trade when a certain level of price loss is reached. For example, you open a deal to buy an asset for a certain amount of money. In addition to the possibility of growth, ONT can also lose in price. In this case, a minus is formed on your balance sheet. If you do not want to lose money from a trade, then you can set Stop Loss - the price level at which the trade will automatically close, fixing the minimum loss.
  • Stop Limit - represents a stop order that generates a limit order when executed. Its purpose is to limit the amount of losses when the transaction prices change in the direction opposite to the expected one.
  • Take Profit is a type of pending order to the broker to close a deal when the price reaches a certain level - profit. If the price reaches the Take Profit mark, then the deal will automatically close and fix the received profit.
How to Start Investing in Ontology (ONT)?
How to Start Investing in Ontology (ONT)?

Should traders invest in Ontology in Qatar? 

Now, when a huge number of cryptocurrencies have been created, those projects that have a real innovative idea behind their names are taking the lead. The Ontology blockchain is one of those. The developers' plans are really ambitious. It is clear from their presentations that the project will be no more, no less, but the most global in the world.

The future belongs to technology and innovation, and the leadership of the Ontology blockchain project understands this better than anyone else.

How to Open an Account?
How to Open an Account?

How to Buy ONT right now? 

Ontology cryptocurrency, due to its novelty, is at the very beginning of its development, therefore, investing in its purchase of funds may be quite a profitable solution.

Thanks to reliable trading platforms with brokers, you don't have to worry about the honesty of transactions and withdrawal of profits! Investing in Ontology in Qatar is easy! Online services will make it easy for you to buy Ontology in Qatar using modern technologies. We wish you a successful investment!

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