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Ontology dApp Incentive Model Proposal — medium thread.

1. Returning a set amount of transaction fees from the developer’s dApp to the developer (for example 50%).

2. Rewarding the most active dApps with Ontology Foundation bonuses (excluding gambling apps).

3. Rewarding and supporting chosen dApp ideas submitted to the Ontology Bounty Program.

4. Technical support for exceptional dApps or existing applications.

New token standard OEP-506. According to an announcement, OEP-506 is designed to standardize a series of interfaces for STOs while meeting other requirements essential to their function, such as KYC compliance. Ontology’s new STO platform addresses four major areas, including trust services, registration services, compliance services and notification message services. Each service will be implemented through a decentralized application (dapp), where smart contract access control allows for control of regulatory agencies, issuers and investors.

According to the Medium post Ontology sharding network extends upon the existing main chain model, supports three dimensions listed below, and adopts a hierarchical network architecture which achieves ultra-large-scale network expansion through multi-layer network sharding.

Network sharding: Messages requiring sharding are only broadcast within the shard’s network.

The Ontology sharding network uses a hierarchical network architecture. Each shard network is managed independently and each node participates in different sharding networks through staking. Transaction sharding: Transactions run in different shards, and each shard runs an independent consensus algorithm.

Ontology transaction shards are based on smart contracts. Each smart contract runs on a shard network. Transactions that call smart contracts need to be sent to the corresponding shard network for processing. State sharding: Shards only need to maintain state data in their shard without saving data of other shards.

All services in the shard are implemented in smart contracts. Like smart contracts, smart contract state data is only saved in the corresponding shard network, thus realizing state sharding.

Learn more about Ontology sharding here.

Design goals:

Effective linear scalability; Transactions in a shard are only processed by nodes in the shard; Support for atomic cross-shard transaction processing; Using ONG for the sharding network incentive model.

Ontology dApp Incentive Models: Descriptions and how to apply explained.

Details of the plan include:

1. Total incentive amount of 200,000,000 ONT and ONG

The Ontology Foundation will award a total of 100,000,000 ONT and 100,000,000 ONG to the developers with the most active dApps in regular quotas.

2. The incentive ranking is determined by dApp active users and transaction volume

We will publicize the top 50 dApps based on the number of active users and transaction volume. If activity reaches a set number, it will qualify for ranking. If the number of dApps qualified for ranking is less than 50, the total bonus amount will be adjusted proportionally according to the number of dApps in the ranking.

3. The higher the ranking, the greater the incentive

Incentives are divided into daily and weekly incentive rankings. Higher rankings will receive greater incentives and if the same dApp appears in both daily and weekly rankings, it will receive both of the rewards.

4. Incentive Model A declaration

After one year of trial operation, the Foundation will determine whether to adjust the model based on community feedback.If dApp activity is found to be manipulated, a penalty will be issued. Gambling dApps are currently not included in this incentive model.