ontology

The Ontology mainnet upgrade has been completed, and the maximum and total supply of ONG tokens has been reduced from 1 billion to 800 million. This adjustment has been approved through community voting and is now officially effective on the mainnet.The voting took place from October 28 to October 31, 2025, with the Triones node passing the proposal with a total of 117 million votes. This adjustment not only involves technical updates but also reflects the community's cultural consensus on long-term sustainability, enhanced liquidity, and support for developers. The adjustments include the permanent destruction of 200 million ONG, fixing the maximum and total supply at 800 million ONG, and permanently locking assets equivalent to 100 million ONG in a new liquidity mechanism. Additionally, the release cycle of ONG has been extended to approximately 19 years, maintaining a stable release rate of 1 ONG per second.In previous news, Binance will support the Ontology (ONT) network upgrade and hard fork, and the Ontology community has approved the ONG token economic adjustment proposal, reducing the total supply to 800 million and permanently locking 100 million in value assets.

The Ontology community voted to reduce the total supply cap of ONG from 1 billion to 800 million and establish a permanent liquidity lock mechanism to strengthen the network's long-term sustainability and growth potential.Ontology announced that the "ONG Token Economic Adjustment Proposal" was approved by node operators during a three-day on-chain vote from October 28 to October 31, 2025. The proposal passed with an overwhelming result of 117,169,804 votes in favor and 0 votes against, reflecting the community's strong consensus on enhancing long-term sustainability, staking incentives, and ecological development.

ChainCatcher news, according to on-chain analyst Yu Jin's monitoring, Arkham has tagged the address jitrust.eth, belonging to former Ontology co-founder @Andyjzd, which redeemed 4,669 ETH ($15.65M) from Lido and transferred it to Binance 20 minutes ago.These ETH were withdrawn from Binance at a price of $3,708 one and a half months ago and are now being transferred back to Binance at a price of $3,352, resulting in a loss of $1.62 million.

ChainCatcher news, according to Ember monitoring, former Ontology co-founder AndyJi's address redeemed 8,392 ETH from Swell and transferred it to Binance 40 minutes ago.

ChainCatcher message, Ontology announced on social media that it will conduct a testnet upgrade today at 14:00.

ChainCatcher news, according to Chainwire, Ontology has announced the launch of a new fund with a scale of $10 million, distributed in the form of ONT and ONG tokens, aimed at accelerating the adoption, education, and development of decentralized identity (DID) solutions.It is reported that the program aims to promote innovation in four key areas: DID education, ONT ID technology tutorials, the adoption of ONT ID, and building based on ONT ID.