As a big fan of the Neo/Ontology ecosystem, I think it s important to spread out the word about how to token allocation of ONT works : this article is from the ONT team on medium :
Ontology’s (ONT) Token Distribution and Circulating Supply
Ontology’s (ONT) circulating supply of 53.75% (537,500,000 ONT) refers to all ONT without lock periods (ONT that can be transferred, but not necessary ONT that can be traded at the moment). For example, the community portion is unlocked ready for distribution in upcoming events.
Ontology has already begun many technical partnerships, and several enterprises plan to build applications on Ontology. We are also planning future community airdrops. In the future Ontology will publish periodical reports which will further introduce this, as well as ONT circulation, distribution, and lock periods.
Below is ONT’s distribution proportions with the circulating supply in brackets:
- Ontology Community: 12% (12%)
Giving back to the community is important for Ontology. This portion will be given back to the community through various events and as a reward to volunteers. This portion is entirely unlocked.
- Institutional Partners: 28% (6%)
Ontology is a platform closely related to real-world institutions and businesses which will continue to be important providers of resources to the ecosystem throughout its long-term growth. The locked portion will be unlocked within the next two years in four batches.
- NEO Council: 10% (10%)
NEO is an important technology and ecosystem partner of Ontology, therefore, Ontology has given a portion of the tokens to the NEO Council for relevant cooperation and to support NEO community feedback. The NEO community has given significant support to Ontology in its initial phase. This portion is entirely unlocked.
- Ontology Ecosystem Development: 25% (12%)
Ontology will use this portion of the tokens to continue to build various application services, promote the ecosystem, and secure strategic cooperation for expanding Ontology’s coverage and adoption. 12% is unlocked and the remaining portion will be unlocked next year.
- Ontology Technical Community Reward: 10% (10%)
Technology is a core resource of Ontology, therefore 10% of tokens are reserved to reward the technical community for their feedback and contributions. This portion is entirely unlocked.
- Ontology Core Team: 15% (3.75%)
Ontology is a huge ecosystem with a growing mature development team. This portion provides long-term incentive for the team with yearly lock periods over four years.
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About Ontology (ONT)
Ontology uses a dual token (ONT and ONG) model. At first, ONT is a NEP-5 token and does not release ONG. After the launch of Ontology’s MainNet in Q2 2018, users will be able to exchange NEP-5 ONT for ONT on the Ontology MainNet, which will start to release ONG periodically.
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