Ontology Cuts ONG Supply to Enhance Sustainability Layer 1 blockchain Ontology (ONT) has officially announced the successful on-chain vote approving the reduction of the ONG total issuance cap. The limit has been adjusted from 1 billion to 800 million ONG. 100 Million ONG Permanently Locked As part of the approved plan, 100 million worth of ONT and ONG assets will be permanently locked. This strategic move aims to bolster the liquidity and long-term sustainability of the ONG token ecosystem. Benefits for ONT Stakers and Developers Ontology believes that reducing the supply will provide a more predictable value structure for both ONT stakers and developers building on the platform. The adjustment is set to take effect with the Ontology Mainnet v3.0.0 upgrade, scheduled for December 1st. This change demonstrates Ontology's commitment to strengthening its ecosystem and providing greater value to its community. ```