PANews reported on December 19th that the Ontology mainnet has completed its upgrade, reducing the maximum and total supply of ONG tokens from 1 billion to 800 million. This adjustment has been approved by the community vote and is now officially in effect on the mainnet. The vote took place from October 28th to October 31st, 2025, with the Triones nodes unanimously approving the proposal with 117 million votes. This adjustment not only involves technical updates but also reflects the community's consensus on long-term sustainability, enhanced liquidity, and support for developers. The adjustments include permanently burning 200 million ONG, fixing the maximum and total supply at 800 million ONG, and permanently locking up the equivalent of 100 million ONG in ONT and ONG assets through a new liquidity mechanism. Furthermore, the ONG release period has been extended to approximately 19 years, maintaining a stable release rate of 1 ONG per second.
Previously, it was reported that Binance would support the Ontology (ONT) network upgrade and hard fork. The Ontology community passed a proposal to adjust the ONG token economy, reducing the total supply to 800 million tokens and permanently locking up 100 million tokens of value.
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