Attention all node runners: You must upgrade to the new version by 8 AM on December 3rd (Beijing time), otherwise you may experience downtime. More importantly, the supply of ONG will undergo significant changes.
It is expected that around December 15 (when the block height reaches 19,500,000), the maximum supply and total supply of ONG will be directly reduced from 1 billion to 800 million. How will this be done? 200 million tokens will be burned on the spot.
The circulating supply remains unchanged for now, but in the future, it may be capped at 750 million due to the permanent locking mechanism. This upgrade is not just about minor adjustments, but about the underlying logic of the entire token economic model.
Node operators, hurry up and take action; don't wait until the deadline to panic.
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BTCBeliefStation
· 16h ago
Burning 200 million coins? How much do they need money to come up with this idea, haha
Oh no, oh no, I have to upgrade manually again, the Node maintenance is going to work overtime again
Can ONG's operation pump this time or will it continue to tie us up?
Actually, cutting the supply is good, it just depends on whether it can really be implemented in the future
The December 3rd deadline is not a small matter, don't wait until it's really offline to realize it
Is the circulation cap 750 million? Sounds a bit precarious
This underlying change is indeed not simple, can the coin price keep climbing up, brothers?
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GasWhisperer
· 12-01 14:30
ngl, 200M tokens just vanishing into the void hits different... that's not optimization, that's economic surgery. watching the supply curve reshape itself is like analyzing mempool patterns before the real congestion hits—everyone's sleeping on the actual implications here.
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BlockchainFoodie
· 12-01 14:30
yo this tokenomics recipe is actually wild... cutting supply in half is like removing 200m tokens from the kitchen? that's not seasoning adjustments, that's burning down the whole pantry and rebuilding it lol. nodes better update before the 3rd or they're gonna be the overcooked dish nobody ordered 🍳
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VibesOverCharts
· 12-01 14:29
Wait, directly cutting 200 million coins? This move is a bit fierce!
View OriginalReply0
FomoAnxiety
· 12-01 14:25
200 million coins directly burned? That must be painful, and holders are going to be on a roller coaster again.
View OriginalReply0
ProxyCollector
· 12-01 14:24
200 million burned directly, this wave of deflation is fierce, but the deadline is really tight and it's a bit uncomfortable...
View OriginalReply0
DegenTherapist
· 12-01 14:13
Cut down to 800 million? Isn't this just a disguised favourable information? Once the supply decreases, the liquidity will be directly pumped.
If the node operators haven't upgraded, they really should blame themselves.
Ontology Mainnet v3.0.0 launched: ONG supply reduced from 1 billion to 800 million, nodes must upgrade before December 3.
[Coin World] Ontology Mainnet v3.0.0 officially launched today (December 1).
Attention all node runners: You must upgrade to the new version by 8 AM on December 3rd (Beijing time), otherwise you may experience downtime. More importantly, the supply of ONG will undergo significant changes.
It is expected that around December 15 (when the block height reaches 19,500,000), the maximum supply and total supply of ONG will be directly reduced from 1 billion to 800 million. How will this be done? 200 million tokens will be burned on the spot.
The circulating supply remains unchanged for now, but in the future, it may be capped at 750 million due to the permanent locking mechanism. This upgrade is not just about minor adjustments, but about the underlying logic of the entire token economic model.
Node operators, hurry up and take action; don't wait until the deadline to panic.