Before trading any crypto assets it is important to understand the risks. This overview summarizes certain risks associated with ONT.
No securities regulatory authority has expressed an opinion about ONT, including an opinion that ONT itself is not a security and/or derivative.
Token Description & Project Background
Ontology is a proof-of-stake blockchain designed to cater to enterprise clients. In claims to specialize in decentralized identity and data. Ontology’s products include ONT ID, a mobile digital ID application and DID used throughout the ecosystem, and DDXF, a decentralized data exchange, and collaboration framework
ONT is Ontology's native asset. Ontology uses a dual coin system: ONG is the second coin, and is used to pay transaction fees.
ONT was initially distributed via a series of airdrops on the NEO blockchain. In August 2020, partnered with NEO andto launch PolyNetwork, in a bid to increase the blockchain’s interoperability.
The Ontology mainnet launched in June of 2018.
Ontology was founded in late 2017 by Andy Ji and Jun Li, and is now run by CEO Kevin Ding in Singapore.
Li previously provided support in areas such as technical architecture, management, and planning to international IT firms and financial exchanges, such as the China Financial Futures Exchange and Infosys.
Risks of ONT
Like an investment in other crypto assets, there are some general risks to investing in ONT. These include: (i) volatility risk and liquidity risk, (ii) short history risk, (iii) demand risk, (iv) forking risk, (v) code defects, (vi) regulatory risk, (vii) electronic trading risk, and (viii) cyber security risk. For additional information of these and other general risks associated with crypto assets and Uphold’s platform, please refer to thestatement.
In addition to these general risks, an investment in ONT is subject to the following specific risks:
- The Layer-1 blockchain space is crowded. Many blockchains seek to appeal to large enterprise clients and are taking steps to become more interoperable with other blockchains. Any potential success associated with ONT depends on its rate of adoption by users, enterprises, and developers.
We emphasize that this Crypto Asset Statement is not an exhaustive description or summary of all risks associated with ONT. Investors should conduct their own research and perform their own assessment before trading any crypto asset to determine the appropriate level of risk for their personal circumstances.
The ONT community and founding team are not under any legal or regulatory obligation to disclose material information to the public regarding its activities. Holders of ONT have no recourse to the ONT community, its founding team, or Uphold if ONT declines in value for any reason.
Changes to applicable law may adversely affect the use, transfer, exchange, or value of any of your crypto assets, and such changes may be sudden and without notice.
Uphold’s Evaluation Process
Prior to listing ONT on the Uphold Platform, Uphold performed due diligence on ONT and determined that ONT is unlikely to be a security or derivative under relevant securities legislation. Uphold’s analysis including reviewing publicly available information on the following:
- The creation, governance, usage, and design of ONT, including ensuring the source code is open-source, audited and peer reviewed, security, and roadmap for growth in the developer community.
- The supply, demand, maturity, utility, and liquidity of ONT.
- Any marketing materials put forward by the ONT social team including on, Twitter, Medium blog, LinkedIn posts, Discord and Telegram channels.
- Material technical risks associated with ONT, including any code defects, security breaches and other threats concerning ONT and its supporting blockchain (such as the susceptibility to hacking and impact of forking), or the practices and protocols that apply to them.
- Legal and regulatory risks associated with ONT, including any pending, potential, or prior civil, regulatory, criminal, or enforcement action relating to the issuance, distribution, or use of ONT.
Uphold has prepared this Crypto Asset Statement based on publicly available information. Although Uphold has taken steps to obtain information from apparently reliable sources, information contained in this Crypto Asset Statement may be inaccurate, incomplete or out-of-date. This overview is a starting point for you to perform your own research prior to investing in a crypto asset.
Uphold users should read thestatement for additional discussion of general risks associated with crypto assets made available through the Uphold platform.
Canadian residents, please note that Uphold has filed an application for registration in certain Canadian jurisdictions but has not yet obtained registration. Until such time as Uphold obtains registration, Uphold has agreed to abide by the terms of an undertaking available at the following. Please also review the for additional discussion of general risks associated with the crypto assets made available through Uphold Platform. Please be aware that statutory rights of action for damages or rescission in section 130.1 of the Securities Act (Ontario) and, if applicable, similar statutory rights under securities legislation in the other provinces and territories of Canada do not apply in respect of this Crypto Asset Statement or other disclosures on the Uphold website and statement.
Last updated on June 19, 2023.
How to buy Ontology (ONT)
With Uphold, you can buy digital currencies in just 11 clicks - even if you don’t have an account yet.
Nothing could be easier.
Here’s how fast it is to get started:
1. Go toand click .
2. Enter your email address and personal details.
3. Click the link we send you and create a password
… and you’re off to the races!
Just start trading.
Get more coin for your coin
0% withdrawal fees