FOR IMMEDIATE RELEASE (July 2, 2018)
Digital Asset Research, Inc.
Digital Asset Research Publishes In-Depth Analysis of Ontology (ONT)
New York, New York: Digital Asset Research, Inc. (“DAR”, “the Company”, or “we”), the world’s leading provider of cryptocurrency research and data for institutional investors, has published a 30-page analysis of the Ontology network and ONT digital asset. Ontology is a project that is building a platform to make it easy to launch hosted blockchains and decentralized applications. It had its mainnet launch on June 30. The report includes an overview of Ontology’s technology stack, an examination of the project’s history, and economic considerations.
Most of Ontology’s technology is forked directly from NEO, including NEO’s consensus algorithm, compiler, and virtual machine. It also largely repurposes NEO’s Go-lang client and adds a set of core protocols focused around identity management and data storage to provide a foundational layer to build trusted applications. Gregory Cipolaro, CEO at DAR, said: “Other than OntID, which is Ontology’s identity management system, and the addition of a verifiable random function to NEO’s consensus algorithm, we have not identified significant technical innovations made by the Ontology team.”
The current ownership of ONT is the highest concentrated ownership of any token that DAR has examined. Moreover, DAR discovered that the project has released 19.1M more tokens to institutional partners than what the project has previously reported. Still, only 120.1M ONT has been distributed to the community, far less than the 538M tokens that have been unlocked.
There is debate within the cryptocurrency community regarding the measurement and definition of the circulating supply of ONT tokens. Our research shows that how this supply is defined and measured is inconsistent across public sources and ranges from 151M ONT to 538M ONT. Cipolaro said: “Publicly sources give the crypto community, including our firm, a lot of utility. Unfortunately, the quality of their data often falls short of what is required by institutional investors, which is why we created Digital Asset Research.”
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About Digital Asset Research, Inc.
Digital Asset Research is a collection of technologists, developers, traditional investment analysts, legal scholars, and economists. The Company was formed in response to meet the growing need for institutional quality research in the nascent digital token space. It is the Company’s objective to provide unbiased research, analysis, and insights for hedge funds, family offices, venture capitalists, and traditional asset managers. For more information, please visit https://www.digitalassetresearch.com/