What is Ontology Gas (ONG)?

By CMC AI
12 June 2026 07:50AM (UTC+0)
TLDR

Ontology Gas (ONG) is the utility token that powers transactions and smart contracts on the Ontology blockchain, a network specializing in decentralized digital identity and data solutions.

  1. It's the "gas" for a dual-token system, separating transaction fees (ONG) from network governance (ONT) to stabilize costs.

  2. Its primary utility is paying for on-chain services, including executing smart contracts and powering decentralized identity applications.

  3. Its supply is capped and deflationary, with a permanent burn and lock mechanism established to support long-term value.

Deep Dive

1. Purpose in a Dual-Token System

Ontology uses a two-token model. ONT is the governance token for staking and voting, while ONG is the utility token used to pay transaction fees ("gas"). This separation is designed to insulate network operating costs from the potential price volatility of the main asset, ONT, leading to more predictable fees for users and developers.

2. Core Utility and Ecosystem Role

ONG is required to execute any operation on the Ontology blockchain. This includes transferring assets, deploying smart contracts, and utilizing core ecosystem features like ONT ID (a decentralized digital identity framework) and DDXF (a decentralized data exchange). Essentially, ONG is the fuel that enables Ontology's vision of user-controlled identity and data privacy.

3. Tokenomics and Recent Governance

Following a community vote, ONG's total supply was permanently capped at 800 million in late 2025, with 200 million tokens burned (Cryptopotato). A portion of assets was also permanently locked to enhance liquidity. Furthermore, community governance reduced on-chain gas fees by 80% in January 2026 (Crypto Briefing), making the network more cost-effective.

Conclusion

Ontology Gas is fundamentally the operational fuel for a blockchain built on trust, enabling secure and private management of digital identity and data. How will its role evolve as Ontology integrates its identity stack with AI and data monetization?

CMC AI can make mistakes. Not financial advice.