Ontology Gas (ONG) token is the fuel for transactions on the Ontology network. ONG is distributed on the Ontology network to ONT holders.
ONG Staking Calculator
What is Staking?
Staking is the process of holding funds in a cryptocurrency wallet to support the operations of a blockchain network. Essentially, users lock digital assets in the form of ‘stake,’ delegate it to selected nodes that do all the upkeep work, and later get a share of the reward. It’s similar to a fixed deposit in the traditional banking system.
Ontology Price Chart
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Get ONG for Staking ONT
Ontology Gas (ONG) token is the fuel for transactions on the Ontology network. ONG is distributed on the Ontology network to ONT holders. If you have ONT on your balance, you can get ONG. After each generated block, ONG is distributed among ONT holders. This ONG has to be claimed manually. The round is 120,000 blocks and its duration can vary in time (from one and a half days to one and a half months).
ONG Staking Rewards
Besides securing the Ontology network, staking your ONT for a node will help you earn ONG rewards.
Open your ONT wallet on Guarda and click Staking, then Claim. You will need to pay the network fee, so make sure you have enough ONG on your balance.
Every block that a consensus node processes it will earn a portion of the ONG paid per transaction. At the end of each staking round, the node will distribute any ONG earned to users who staked in to node.
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How to Stake Ontology (ONG)?
- Step 1. Open your ONT wallet on Guarda and click "Staking".
- Step 2. Then "Deposit for staking". The minimum amount is 1 ONT. Then Select a validator.
- Step 3. Finally, click "Next" and confirm the information to start earning your rewards.
Unbound amount is a distributed reward that cannot be claimed until you complete a transaction.
Unclaimed amount is the reward available for the claim.
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