Ontology, a leading layer-1 blockchain platform, has made a significant move by slashing the total supply of its native token ONG. This decision was approved through a community vote and is designed to increase the token’s scarcity and stability while addressing inflation concerns. By reducing the ONG tokenomics, Ontology aims to create a more predictable and sustainable ecosystem for investors and developers alike. The new cap on the ONG total supply will be 800 million tokens from the previous billion, with 100 million ONG permanently locked to mitigate speculation and enhance value stability. This change is scheduled for implementation on December 1st alongside the mainnet v3.0.0 upgrade. This strategy reflects Ontology’s commitment to building a robust and long-term viable blockchain platform for real-world applications.