EcoDeFi Added ONT And ONG
EcoDeFI added ONT and ONG, Ontology Network’s native and governance tokens are backed by strong team, growing global community, enormous market caps, and developed ecosystems to drive borrowing and lending on The Eco DeFi.
WHAT IS ONG & ONT?
Ontology functions a dual-token model using an architecture that supports scalability and high volume, rapid, low-cost transactions. The ONT and ONG tokens are both essential to the ongoing operation of the Ontology public blockchain.
The ONT token serves as the primary means of both storage and transfer of value on the Ontology network. Holders of the ONT token can also vote on proposed changes, upgrades, and direction of the project.
Fees and transactions on the Ontology network are paid for using the ONG token. Deploying smart contracts, for example, uses ONG in the process. ONG keeps the network’s transaction costs predictable, providing a friendly operating environment for users and developers alike.
Managing ONT & ONG
Users can store, exchange, or transact with both ONT and ONG using the ONTO Wallet. ONTO is a complete cross-chain identity and asset management solution for Web3 netizens. The ONTO Wallet is available as a mobile app and ONTO Web Wallet is available as a Chrome extension for PCs.
Using the ONTO Wallet, you can store, swap or transfer both ONT and ONG in an easy-to-use interface. The ONTO Wallet also supports ONT staking and management of ONG rewards. With ONTO Wallet, you can keep your digital assets and identity in one single location.
Alternatively, users interested in becoming node operators can use the native desktop OWallet. Operators can manage their nodes in OWallet, in addition to integrating with hard wallets like the Ledger Nano/X for enhanced privacy and security.
Why supply or borrow ONT & ONG on Eco DeFi?
Eco DeFi is a decentralized lending platform deployed on BNB Chain, which is officially audited by Certik .
By supplying or borrowing on Eco DeFi, users can get higher APY and make the investment more secure! For example, if a user deposits BTC (Bitcoin) he can borrow ONT and then invest them, for those who are seeking long-term investment, they can supply on Eco DeFi and use them as collateral to borrow stable coins such as USDT and others and invest in other altcoins
Since Eco DeFi platform is deployed on BNB Chain, only BEP-20 based ONT & ONG tokens are available for supply and borrow on Eco DeFi.
ABOUT Eco DeFi
Eco DeFi is defi lending platform deployed on Binance Smart Chain. ESG is a new paradigm of investment marketplace, implementing its business operations according to the hottest trends in Blockchain industry
ABOUT Ontology Network
Ontology is building the infrastructure to provide trusted access to Web3, allowing individuals and enterprises to rest assured that through regulatory compliant digital identity solutions, users and their privacy come first.
RESOURCES
Medium
