Ontology is not a blockchain application but a stand-alone platform. It is a network of different blockchains and has been specially set up to be able to transfer platforms within the blockchains network. Like Ethereum and NEO Ontology is made to build smart contracts and dApps.
Ontology was founded in 2017 by the Chinese company Onchain. Onchain is a leading blockchain company in China. It is committed to building an open source and transparent trust system. Onchain lives on the technical strategy of "independent code + open-source" and always strives for the highest level. Ontchain will focus on the business sector with Ontology. Ontology should make it easy for companies to use blockchain technology without extra knowledge.
The team behind Ontology consists of proven names from the cryptocurrency industry with successful track records. During the growth they focus on insurance, government, medicine, IoT (internet of things) and other industries, making it a large-scale project with a lot of potential. With a relatively long-term presence in the blockchain industry and with a clear vision of the project, it would come as no surprise to see Ontology going hand in hand with NEO to radically change our way of doing business.
ONT was sent to NEO holders by airdrop in March 2018. During this air village 20 million ONT coins were distributed to the NEO community. There is a maximum run of 1 billion ONT tokens that are indivisible, and you get Ontology GAS (ONG) from holding ONT (similar to how VET Thor distributed).