Ontology Weekly Report (July 8–14)

Ontology Gas | 07.15| 67

Ontology’s new economic model has been the main topic of discussion this past week. We introduced the basic rules of the new economic model and how it affects users, nodes, and stakers. We also celebrated our MainNet 2-year anniversary with an AMA and special anniversary NFT token airdrop. Lastly, we participated in some great events hosted by our ecosystem partners.

Last week’s recap:

Binance’s 3-year Anniversary / New Economic Model / Phemex / Layer 2

- Layer 2 research in progress

Product Development
ONTO v3.0.2
- New staking model supported
- New ONG release model supported
- New gas rules supported
- New node third-party operation mode supported
- v2.3.2 launched
- 50% of development complete, to be released soon

- 64 dApps live on Ontology
- 5,937,421 dApp-related transactions since genesis block
- 490,038 dApp-related transactions in the past week

Bounty Program
- Seeking Python SDK community developers
- 1 new application for Technical Documentation Translation
- 1 new application for SDKs

Community Growth
- We welcomed 953 new members across Ontology’s Cantonese, Bengali, and Dutch communities.

Newly Released
- We published a series of articles about our governance and staking economic model, how to apply for a node, the revenue model for staking, and operating a node.

Global Events
- Ontology attended Binance’s 3-year anniversary virtual event “Off the Charts” as a diamond sponsor. Jun LI, Founder of Ontology, delivered a keynote speech at the event. Meanwhile, other members of the Ontology team also attended the panels to introduce Ontology 2.0 and the changes to the new token model, as well as to discuss our future plans with Binance.
- Andy JI, Co-Founder of Ontology, was invited to the 2020 Global Blockchain Week in Hangzhou, Zhejiang, China as a panelist where he shared his thoughts on Web 3.0 and the impact it could have on the future.
- Ontology’s 2-year anniversary NFT airdrop campaign was a success. More than 100 users received the Ontology 2.0 limited edition NFTs, which can be exchanged for 30 ONG in ONTO.
- Ontology x Phemex AMA will launch soon. Andy JI and Jack Tao, CEO of Phemex, will answer questions from both the Ontology and Phemex communities.

Find Ontology elsewhere

Ontology website / ONTO website / OWallet (GitHub)

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

Telegram Announcement / Telegram English / GitHubDiscord

Ontology Weekly Report (July 8–14) was originally published in OntologyNetwork on Medium, where people are continuing the conversation by highlighting and responding to this story.

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