RE: Ontology (ONT) 💡 Let me try to explain this confusing core-NEO project in simple terms by cryptotem

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cryptocurrency · @cryptotem · Mar 19 '18

$0.11

I appreciate the time you put into this post. It saves me research time and gives me a clear understanding of how the projects relate to each other.

Thanks @pandorasbox!

👍 cryptotem, pandorasbox, altcoinninjas

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@pandorasbox · Mar 19 '18

$0.04

You're welcome!
Small update too... the more I got thinking about it, the more excited I got. With the ONG-gas generation from the ONT tokens and the dependency of NEO on Ontology, I really think this is a second chance of getting into NEO at a cheap price. Once NEO gets to the $40 billion market cap range, Ontology is _no way_ going to sit idle at $300 million market cap. That's really low for a core aspect of a multi-billion dollar blockchain.
I started buying. Too damn bad Steemit profits are down 50x from what I earned in december... can't put too much into it without selling my other positions - and all of those are down too! :(

👍 cryptotem

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@cryptotem · Mar 19 '18 (edited)

I am going to think about it too. 

One thing to keep in mind is that the current marketcap (on CMC) of ONT is based on the **price multiplied by the circulating supply**. The current circulating supply is a little bit over 24%. For most projects in the top 30 the percentage of circulating supply vs total supply is at least 3 times as high. If ONT would have that as well, it's marketcap would be more like 1 billion already :-)

👍 pandorasbox

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@pandorasbox · Mar 20 '18

Oh... thanks for pointing this out! I had missed this fact and it actually does matter quite a bit!
I already bought in.. not that I regret it, but it will influence my upcoming buys in it (a bit... tiny bit... ONT still looks great)

👍 cryptotem

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@cryptotem · Mar 20 '18

Since I don't know how else to contact you I'll post it here: there will be another NEO Amsterdam Summit meetup: https://neonewstoday.com/events/neo-amsterdam-summit/

I think I'll skip this one though, but you told me to keep you updated @pandorasbox so here you go ;-)

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@pandorasbox · Mar 20 '18

Thanks! I found this one too. Not sure if it's going to be worth going to ... Dean van Dugteren doesn't interest me too much and it's unknown who else will come, but thanks for letting me know!

👍 cryptotem

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