A visual representation of the Ontology ONG supply reduction, symbolizing enhanced value and a more sustainable blockchain ecosystem.
Blockchain News

Ontology ONG: Crucial Supply Reduction Enhances Tokenomics and Value

The cryptocurrency world constantly evolves, and blockchain projects frequently refine their core mechanisms. In a significant move for its community, Ontology (ONT), a prominent layer-1 blockchain project, recently announced a pivotal adjustment to its Ontology Gas (ONG) tokenomics. This change follows a unanimous on-chain vote, underscoring the project’s commitment to decentralized governance and long-term sustainability. […]