What’s Wing (WING)? 

Blockchain opened the way for all kinds of imagination for finance. Thanks to the tech, we now have DeFi – short of decentralized finance – which is the idea that people can have total power and control over their financial lives. This contrasts with the current system where we lack autonomy over our own money, and we have to rely on centralized entities like banks to safeguard it. 

Of course, centralization means the banks can freeze our assets at will, in the case of real or imagined offenses against, say, the government. It also means if we’re sending money overseas, we have to rely on the long chain of approvals by third parties before it reaches the recipient. 

We’ve already said DeFi opens up so many opportunities for finance. One of these is the ability to loan cryptocurrency and reap big in returns. Another is the ability to lock down your crypto and earn rewards. 

Wing, a product by the team behind Ontology, is one of several DeFi projects that are emerging and offering users such revolutionary financial prospects. 

This article will delve deeper into the Wing platform, including the key highlights that distinguish it from similar protocols. We’ll also see how the WNG token is doing in the crypto market. 

Breaking Down Wing 

Wing is a blockchain-powered lending platform. The platform has a decentralized governance model designed to provide the maximum – and equal value to all participants, including borrowers, creditors, and guarantors. 

The WING team wants to support two types of lending: 

  • Over-collateralized lending – in which users deposit assets with at least 125% or higher than the borrowed assets 
  • Credit-based lending in which users who have an OScore can deposit assets with 80% or higher than that of the borrowed assets

Wing: Highlights 

#1. Flash Pool: this was the first Wing product, and it supports asset lending. Flash Pool also features an Insurance Pool to compensate lenders in the event of losses. Users can earn rewards through loaning, lending, or depositing crypto in the pool. It currently supports ONT, ETH, USDT, DAI, and wBTC.

#2. Credit-lending: Wing will support the IF Pool, a credit lending tool through which users with an OScore (credit-scoring system by Ontology) can deposit assets whose value is 80% or higher than that of the borrowed assets.

#3. Community proposals: Wing has a decentralized autonomous organization (DAO) where network participants can submit and approve proposals for the growth of the community. Such proposals may include the adjustment of the interest rate, the introduction of new products, and the termination of existing products. 

At the time of writing, Wing has $243,429,803.26 assets deposited. That’s incredible for a project that was only launched in August this year. 

Wing: Vision 

Wing wants to position itself as a strong contender in the DeFi space. It intends to differentiate itself in the following ways: 

#1. New types of collateral: Wing plans to roll out various types of collateral, and with that, expand the digitalized collateral ecosystem 

#2. Decentralized credit: Wing will integrate the element of self-sovereign, decentralized credit scores so that users’ data can play a part in bringing financial value to them 

#3. Enlarge Wing’s decentralized autonomous organization (Wing DAO): Wing plans to create a DAO for financial services. Platform users are encouraged to put forward proposals towards the direction of such services. The WING community will have the power to determine critical issues like which products are launched, which ones should be canceled, which platforms to integrate with, and so on. 

Why Base Wing on Ontology? 

Wing is based on the Ontology network for two key reasons. 

First, there’s the need to support a wide variety of collateral types. Ontology is scalable enough to support a collateral pool of multiple digital assets from multiple blockchains via cross-chain support. The Ontology network has collaborated with the Poly Network for this end. 

Ontology also supports centralized and self-sovereign and identity and data protocols that enable the digitization and authentication of new and existing digital asset types. New collateral types could be either simple non-fungible tokens or more complicated ones, unlike real-world assets such as real estate. 

Second, there’s a need for the platform chain to be supported by decentralized and smart contracts-based credit evaluation.

Ontology features decentralized identity and decentralized data protocols that enable self-sovereign identity and the management of identity data. These two protocols can also support smart contracts-based credit evaluation. 

Additionally, Ontology has created a credit-scoring system known as OScore, which considers users’ crypto-owning info and their lending and borrowing history. Users have self-sovereign ownership of their data, and they can generate their OScore count safely and privately. 

Community Strategy

The WING team plans to undertake several actions to expand the community. These actions will include the following: 

  • Publishing DeFi related content to become an authoritative source of the subject.
  • Hosting and co-hosting DeFi and blockchain-related events.
  • Conducting Ask Me Anything (AMA) sessions on popular blockchain and DeFi communities.
  • Collaborating with existing DeFi platforms.
  • Updating the community on developments every fortnight.
  • Actively engaging the community on various social media channels.

Future growth strategies include the following: 

  • Conducting referrals for mining pools.
  • Overseeing promotional campaigns for liquidity mining pools.
  • Engaging in collaborative marketing efforts with partners across various industries.

The WING Token

WING tokens are the native cryptocurrency of the Wing platform, and they’ll play the following roles in the ecosystem: 

  • Governance – WING token holders can take part in the project’s governance by voting for products, allocation of funds, upgrades, and governance proposals.
  • Interest discounts – Wing tokens are used as payment interest on the platform.
  • As insurance payment – Platform users use Wing tokens to purchase insurance contracts to increase their platform exposure.

Token Distribution 

The WING token distribution was done in the following manner:

  • Binance launchpool: 6.5%
  • Community incentives 68.5%. The community incentives are divided as follows: 50% to the lending pool, 40% for the borrowing pool, and 10% for the margin pool.
  • Ecosystem development: 25%

Key Metrics 

As of September 29, 2020, the WING token traded at $20.50 with a market cap of $5,124,447 that placed it at #653 in the market. It has a 24-hour volume of $5,124,447, and a circulating supply of 250,000 total supply of 2 million. It has an all-time high of $140.81 (Sep 16, 2020) and an all-time low of $14.42 (Sep 30, 2020). 

Where to Buy WING 

You can find WING tokens listed as a market pair with USDT, BTC, BNB, BUSD in Binance, OKEx, MXC, and Binance.KR. 

Since they’re based on the Ontology blockchain, WING tokens can be supported by any wallet that supports Ontology. Great choices include Ledger, OWallet, ONTO Wallet, Exodus, Guarda, O3, Cyano, and Cobo wallets. 

Final Thoughts

Wing is doing remarkably well for a product that is not a day older than 3 months. It joins other trailblazing projects in DeFi, and it will be interesting to watch how it grows and competes with already established ones. It’s also yet another brilliant project by the Ontology team. Is this the last of them, or should we expect more innovations in the future? Keep it here for updates.


What is Ontology?

After blockchain’s introduction to the world, the tech space was quick to notice how technology could be used for a lot more than cryptocurrency. Blockchain is a technology that is distributed, transparent (hence automating trust), uses cryptography to achieve high-level security, and supports immutable records. With these groundbreaking features, it would be crazy for the technology not to be tapped to streamline and optimize functions in industries.

The problem is, there have been a few barriers preventing this realization. One is the complex nature of blockchain. The other is, blockchain is not cheap. If an organization were to integrate blockchain into their infrastructure, they would either a.) build a blockchain solution from the ground up or b.) utilize the services of an established blockchain service.

Option A is incredibly costly since you’d have to dedicate enormous time and financial resources. Option B, however, would be more convenient and resource-saving.

Ontology is an organization that aims to provide enterprises with affordable and customized blockchain solutions. It also seeks to change the old way of giving and receiving trust – through blockchain.

What is Ontology?

Ontology is a Chinese blockchain-based company launched in 2017. The project’s founders envisioned an open platform that provides blockchain solutions to businesses across multiple industries in a collaborative and trustless environment. It will hopefully be a start in breaking down barriers between blockchain and businesses.

The Ontology platform is forward-thinking in the sense that it allows businesses without prior interaction with blockchain to utilize the technology. The blockchain concept can be complicated, and there is currently no easy way for businesses to incorporate the tech. Additionally, legacy trust networks have several inefficiencies, such as poor data security, untapped data assets, monopolization of data, and poor identity management. All these create avenues for blockchain to provide trustless, consensus-based, and fraud-proof solutions.

Via Ontology’s tools, organizations from anywhere can create collaborative trust mechanisms and customize them according to their specific needs. And all this without going through an expensive and time-consuming learning curve.

In Ontology’s words: “Ontology is a blockchain/distributed ledger network which combines a distributed identity system, distributed data exchange, distributed data collaboration, distributed procedure protocols, distributed communities, distributed attestation, and various industry-specific modules. Together this builds the infrastructure for a peer-to-peer trust network, which is cross-chain, cross-system, cross-industry, cross-application, and cross-device.” (source

What’s the Deal with Ontology and Neo?

The Ontology project is so closely associated with Neo that it’s so easy to conflate the two. And understandably so, since it was created by June Li, under a company known as OnChain, which is headed by Da Hongfei, who is also the creator of Neo.

During Ontology’s launch, Hongfei said this about the two projects: “Ontology and Neo will build a broad ecosystem using blockchain and other new technologies to serve the real economy.” But Hongfei wants you to know that NEO and OnChain are two very separate entities and neither owns the other.

In a YouTube video, Hongfei clarified as follows: “First, I need to clarify that NEO and OnChain are separate entities, so OnChain doesn’t own NEO, or NEO, OnChain. They are separately funded – NEO is funded by the community, and OnChain is funded by a very famous financial group in China, Fosun… So they are separate. Second, OnChain benefits from the NEO ecosystem. The product, called DNA (Distributed Networks Architecture), is very similar to NEO, but it is written in the Go language. OnChain is helping other blockchains and financial institutions to build the blockchains with DNA. It’s basically very similar to NEO, and in the future, with NEOx (the cross-chain protocol), everything can be linked together.”

Ontology’s Trust Framework

The Ontology blockchain offers four service layers:

  1. An application for end-users
  2. A trusted data transmission solution for optimizing data distribution
  3. A layer for streamlining the industrial chain and building a healthy ecosystem that thrives on collaboration rather than competition
  4. A legally compliant arbitration system

The trust framework relies on these core elements:

  • A trust system featuring decentralized supervision, a distributed collaboration, and a centralized “strong trust anchor.”
  • The Ontology decentralized identification (ONT ID)  that connects people, assets, things, data, affairs, and services.
  • A blockchain-based framework that caters to different businesses security needs while balancing features and performance

Ontology’s Tokens

Ontology utilizes a dual token model. One token – ONT is used for staking in consensus while ONG gives users the right to use the network. ONG is issued periodically.

20 million ONT was distributed to NEO holders in March 2018, after initial distribution of 1000 ONT tokens to people who had signed up to their newsletter. Here’s a more detailed breakdown of the token’s distribution:

  • 12 went to Ontology’s early supporters
  • 28% went to project partners
  • 10% went to the NEO council
  • 25% was reserved for future development of the Ontology ecosystem
  • 10% went to the project’s technical community
  • 15% was awarded to the Ontology core team

Tokenomics of Ontology

As of May 30, 2020, ONT was trading at $0. 521271 at position #29 in the overall crypto market, with a total market capitalization of $361, 890, 441, and a 24-hour volume of $74, 832, 588. It has a circulating supply of 694, 246, 573, while its total supply is 1, 000, 000, 000. ONT’s all-time high was $10.00 (May 03, 2018), while it’s all-time low was $0. 224974, (March 13, 2020).

Where to Buy and Store ONT 

You can get ONT from any of several reputable exchanges, including Coinswitch,, Cointree, Changelly, KuCoin, Binance,, Huobi, and Binance.

Once you purchase your tokens, it’s highly recommended that you do not store them in the exchange – as exchanges are highly prone to hacks. Instead, store them in a secure wallet. Options such as Ledger, Trezor, Atomic Wallet, Coinomi, and Guarda Wallet are some of the best choices.

Final Words

Ontology is changing the way we gain trust by automating the process through blockchain. Working together with NEO, the company is hoping to bridge the chasm between blockchain and the business sector.

The team behind Ontology is reputable in the blockchain space with a history of success, and it’s set to steer the project to great heights. Businesses can leverage the Ontology product and achieve streamlined, more effective, and trustless processes.

Crypto Market Analysis

Daily Crypto Update 09.07.2018. – Uncertainty May Cause Panic Selling

General Overview

Market Cap: $274,298,138,355

24h Vol: $11,514,339,284

BTC Dominance: 42.5%

Yesterday the evaluation of the cryptocurrency market capitalization increased from 266,452,000,000$ to 280,836,000,000$ at its highest point. Since then the evaluation has decreased and is currently sitting around $274B.

Crypto Price Analysis

The market is showing mixed colours but the dominant one is red. Average percentage change among top 100 coins is ranging from 1-4%. The biggest loser is Bitcoin Diamond who decreased by 20% in the last 24 hours, while the biggest gainer is DigiByte with an increase of 14%.


There aren’t any significant headlines that came out in the last 24 hours that could impact the market sentiment.

Headlines are mostly analytical in nature because of yesterday’s rise. The only headline that could impact the price of a particular coin is the one regarding Ontology (ONT).

According to the press release the Mainnet launch has been successful and the Ontology blockchain is now live. This could impact the price of this coin as it will gain confidence in the followthrough from the original idea.

Crypto Price Analysis


On Saturday the price of Bitcoin spiked up from 6524$ to 6765$ which was also the opening price on yesterday’s open. Since that high, the price of Bitcoin has retraced a bit, by 0.9% which is not a significant change.

As you can see from the hourly chart the price went above the minor resistance, and has retraced to its levels again for a retest of support, and has interacted with the levels 2 times so far. If the price fails to hold at these levels I would be expecting a downtrend to start to the lower low, but if it holds I am expecting the uptrend to continue.

Market sentiment 

Hourly chart technicals signal a buy.

Pivot points 

S3 6453.4 
S2 6589.2 
S1 6648.1 
P 6725.0 
R1 6783.9 
R2 6860.8 
R3 6996.6


From yesterday’s opening at 486$, the price of Ethereum has first gone up to 491$ which was yesterday high but has retraced since below the levels of the opening at 480.50$.


Looking at the hourly chart we can see that the price is below the minor resistance line, that was bearly crossed which means that the price has entered the seller’s territory. The price is looking like its consolidating inside the minor support area, and similarly to the price of Bitcoin, is showing signs of indecision. If the price breaks out from this minor range, I would expect the downtrend to start to new lows, but if it goes up the price could recover significantly.

Market sentiment

Ethereum is in the sell zone, as indicated by hourly chart technicals.

Pivot points

S3 459.43 
S2 473.79 
S1 479.95 
P 488.15 
R1 494.31 
R2 502.51 
R3 516.87


From yesterday’s high of 40.50$, the price of Neo has decreased by 5.44% as its now sitting at 38.42$.


As you can see from the daily chart, the price of Neo has been rejected by the support area which now serves as resistance, which propelled the price in a downward trajectory. Currently, the price is below the minor resistance line and is struggling to get above it, judging by the cluster that the price action formed.

Market sentiment

Neo is currently in the sell zone.

Pivot points

S3 34.88 
S2 37.22 
S1 38.11 
P 39.55 
R1 40.44 
R2 41.89 
R3 44.23


The news of the Mainnet launch hasn’t impacted the price of Ontology, but as the press release was posted only an hour ago, the reaction is yet to be seen. The price of Ontology is in a downtrend from 25.06.2018 which is why this news may serve as a catalyst for a recovery.


Looking at the hourly chart, we can see that the price interacted with the descending channels support line on today’s opening, which resulted in an increase but it was short-lived, as the price is again on the same levels.

Market sentiment 

Hourly chart technicals signal a strong sell.

Pivot points

S3 0.0006199 
S2 0.0006495 
S1 0.0006610 
P 0.0006791 
R1 0.0006906 
R2 0.0007087 
R3 0.0007383


As the prices increased over the weekend, today is the retracement day. The price is, in my mind, on the crucial breaking point as everyone is expecting the uptrend to continue, but there aren’t any new buyers coming in, in the midst of the uncertainty. I think that from here the price will fall which would cause another panic sell.