You need ONG as gas fee on Ontology blockchain. It usually costs 0.05 ONG per transaction.
Both ONT and ONG are utility tokens. Ontology decouples ONT and ONG to alleviate the risk of turbulent fluctuations of the native "asset" value on the gas fee. ONT is used as the staking tool and the time, cost of staking and operating costs of the nodes are considered to be inputs. ONG is used as a value-anchoring tool for on-chain applications and is used in the transactions on the chain.
Swapping ONT for ONG：
- Inside Onto App
- Go to the discover tab
- There you will search for UNIFI
- Then inside the unifi app you will be able to swap ONG to ONTd and then ONTd to ONT
Participate in Ontology node staking. Stake your ONT to earn ONG rewards.
Introduction of Ontology’s Governance and Staking Economic Model:
Yes. Check out this step-by-step guide to signing up and becoming an Ontology node:
1）First check if the wallet or exchange has announced that ONT or ONG transactions are disabled at the specific time.
2）Then check if your transaction address is correct, for example if there is a problem with the address.