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FAQ: Ontology 2.0

Ontology Gas | 07.06| 61

About Ontology’s New Token Model

What benefits does the new economic model have for ordinary investors?

  1. The new economic model encourages node staking (minimum staking of 1 ONT, unbinding is only for node staking) so it promotes ONT lock-up, which is in line with the design of secondary market investment lock-up.
  2. The new economic model reduces the unbinding of ONG to 1/3, so the circulation rate is improved, which is in line with the design of the primary market circulation.
  3. The new economic model will only incentivize the node ONT to meet the primary market circulation rate and the potential value relationship of the secondary market.
  4. The new economic model raises basic handling fees and covers node operating costs.

What are the benefits of the node side?

  1. The new economic model encourages node staking (minimum staking of 1 ONT, unbinding is only for node pledge).
  2. The new economic model raises basic handling fees and covers node operating costs.

After the release of the new economic model, what can ordinary users do?

  1. Select node and stake.
  2. Become a node.
  3. Asset allocation while maintaining some liquidity.

What does Ontology want to achieve after this change?

Our aim is to put the dual-pass model into operation and return to the primary market position, serving the data market.

About SAGA

Do I need to pay for the data on SAGA?

The SAGA marketplace allows for the safe and secure transfer and storage of personal data. Users only need to pay for purchasing the data. The price is fixed and marked on the website.

If I have valuable data / copyrighted work, books, and/or magazines, can I put them on SAGA for sales?

Yes. Users can upload their data following the rules outlined and pending approval from the admins.

About Add-on Store

What kind of users is suitable to use the Add-on Store?

1) The Add-on Store will be of particular interest to developers who are familiar with Ontology’s infrastructure and protocols and who are willing to provide support for the Ontology ecosystem application development. Developers can create customized add-ons as well as the pre-defined add-ons provided by Ontology. Once included in the Add-on Store, they can be used by developers The aim of the add-ons is to reach developers outside the blockchain industry and encourage developers to craft custom blockchain-based solutions for non-blockchain or decentralized applications.

2) Developers of ecosystem applications can directly visit the Add-on Store and try the Ontology commercial add-on component for their own applications, and the ontology blockchain attempt.

Currently, users can avail of the Add-on Store through invite-only. If you are interested, please send an email to contact@ont.io.

I am a Java/Python/.NET developer, how can I use the Add-on Store to create a project?

The purpose of add-ons is to provide “decentralized” components that can serve non-blockchain application developers. Add-on is divided into configuration service and runtime service, with runtime service supporting tenant management.

The configuration service is managed by the Add-on Store. Developers can submit requests on https://github.com/ont-bizsuite/addon-index (test network debugging). After the request is merged, Add-on and configuration services will be included in the Add-on Store to provide services to the community.

  • Add-on Store supports native callback parameters such as add-on charging, ONTO/ONT Auth scan code, ONS binding, and verifiable statement verification;
  • Add-on development needs to support TestNet services and one-click MainNet services;
  • If you are interested in Add-on development, please contact the Ontology team by emailing contact@ont.io.

Ontology application developers can visit the Add-on Store, select Add-on, receive SDK after configuration, and integrate into the application project. Please see the steps outlined below:

  • Select Add-on, configure Add-on according to the help of Add-on (configuration service is managed by Add-on store);
  • Get Add-on SDK or configuration file;
  • Integrate SDK and configuration files into Java to develop your own Add-on configuration service;
  • After the user configures the Add-on, it will start the Add-on tenant service for the developer;
  • Try to call the returned interface address to test whether the service is normal;
  • After the test is finished, you can complete the one-click MainNet service through a simple payment.

At present, most Add-ons only provide Java SDK. If you have other language requirements, please contact the Ontology team.

What kind of projects can the Add-on store create?

  1. Support decentralized account identity verification and authority management system using ONTO’s Ontology users as potential customers;
  2. Payment transactions supported by ONTO;
  3. Decentralized data release and transaction.

Do I need to pay for the Add-on store?

The Add-on store provides both free and paid services, users can make choices according to their own needs.

About Open Knowledge Graphs (OpenKG)

As a normal user, how can I use OpenKG?

OpenKG is a community project that aims to promote the opening and interconnection of knowledge graph data, the open-source and openness of knowledge graph algorithm models and tools, and the popularization and application of knowledge graphs and semantic technologies. To avail of this, you need to first apply to join OpenKG before you can publish your open resources on OpenKG.

Do we need to pay for OpenKG in the future?

The decision to charge or not should be determined by the platform, but by the knowledge provider. The purpose of Ontology’s technology is to ensure the confirmation of power in many knowledge usage scenarios and systems and to solve the pain points of the abuse of the three parties.

Will OpenKG support multiple languages?

  1. There are many OpenKG projects in the world, with different projects supporting different languages.
  2. OpenKG is primarily focused on Chinese, while, at the same time, maintaining communication with other projects. It is anticipated that it will launch multilingual support in the future.

We will continue to collect community questions for Ontology 2.0 and update this article.

Find Ontology elsewhere

Ontology website / ONTO website / OWallet (GitHub)

Twitter / Reddit / Facebook / LinkedIn / YouTube / NaverBlog / Forklog

Telegram Announcement / Telegram English / GitHubDiscord


FAQ: Ontology 2.0 was originally published in OntologyNetwork on Medium, where people are continuing the conversation by highlighting and responding to this story.

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