Buy Wrapped Ontology Token (BSC) (ONT2)

What is Binance-Peg Ontology?

Binance-Peg Ontology (ONT) is a token that represents the Ontology (ONT) coin on the Binance Smart Chain (BSC). This allows users to trade and utilise ONT within the Binance ecosystem, leveraging the benefits of the low-cost and high-speed BSC network.

How does Binance-Peg Ontology work?

Binance-Peg Ontology adheres to the BEP-20 token standard on the Binance Smart Chain. It uses a consensus mechanism called Proof of Staked Authority (PoSA), which combines elements of Proof of Stake (PoS) and Proof of Authority (PoA). Smart contracts for Binance-Peg Ontology are written in Solidity, ensuring interoperability with Ethereum's smart contract functionality. The pegged tokens are backed 1:1 by native ONT tokens held in a reserve managed by Binance.

What are the potential use cases for Binance-Peg Ontology?

• Decentralised Trading Services: Users can trade ONT on decentralised exchanges such as Pancakeswap, facilitating cross-chain trading while maintaining constant value with the original ONT token.
• DeFi Applications: Can be used in various DeFi projects on BSC, including lending, borrowing, and yield farming.
• Blockchain Games: Integration into blockchain-based games for secure and transparent in-game transactions.
• Supply Chain Management: Leveraging Ontology's decentralised protocols to enhance supply chain transparency and security.
• Identity Verification: Utilising Ontology's decentralised identity features for secure industry applications.
• Financial Services: Secure transactional capabilities for financial services.
• Healthcare: Application in healthcare for compliant and secure data management.