Market
Problem that it solves
Ontology is a blockchain-as-a-service platform, offering enterprise users a way to benefit from the decentralized nature of blockchain technology.
Customers
This project specifically targets enterprise and corporate users who want to use blockchain technology in their businesses.
Value creation
Ontology is a great value add for any business that wants to use the blockchain while maintaining privacy. this includes industries like finance, health care, insurance, and many others.
Market structure
The increasing demand for blockchain enterprise solutions in Asia gives Ontology excellent opportunities to grow and expand.
Market size
There is massive market potential for Ontology if it can partner with the right businesses to get the ball rolling.
Regulatory risks
Like many other digital assets, ONT could be subject to government regulations depending on how they view them.
Average Market Score
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Competitive Advantage
Technology/blockchain platform
Ontology is currently its own blockchain as its mainnet launched in 2018. However, it started out on the NEO blockchain, which is a well-established project within the industry.
Lead time advantage
There are many similar projects within the blockchain industry. Ontology only has some leadtime advantage in the Asian market.
Contacts and networks
The Ontology team is not as start-strutted as some of their competitors', but it does have a group of advisors that can reach out to key players within the industry if necessary.
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Management Team
Entrepreneurial Team
The Ontology team has plenty of experience and success within the blockchain industry.
Industry/technical experience
While the team driving the Ontology project doesn't boast a 'well-known' leader, it does substantial industry experience.
Integrity
There has been a lack of clarity about Ontology's leadership structure in the past.
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Token Mechanics
Token required
ONT is the token used to stake on the Ontology platform. Users are paid in ONG which is used when performing tasks like smart contracts on the network.
Value added
While the tokens cannot be used outside of the Ontology platform, they are pertinent to performing specific actions, as well as staking coins.
Decentralized
Ontology has a degree of decentralization but not as much as some of its peers.
Token supply
ONT has a total supply of 1 billion tokens.
Public exchange
ONT is available on many well known exchanges, including Binance, KuCoin, and Changelly.
MVP
Ontology has a functioning product, that is already being used in several DApps.
Average Token Mechanics Score
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User Adoption
Technical difficulty
It can be difficult to understand what Ontology provides, but the project is focusing on attracting enterprise level users to its platform.
Halo Effect
ONT doesn't have any high-profile partnerships, but it has established a relationship with NEO, and has formed partnerships with companies such as GoWithMi and Parity Games.
Buzz
There is very little buzz about Ontology. Its 'big brother' NEO, for example, gets substantially more attention.
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Overall Score
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