Ontology is a project dedicated to instilling trust, privacy, and security into Web3 through decentralized identity and data solutions. Its mission is to construct the necessary infrastructure for granting trusted access to Web3, prioritizing user privacy and regulatory compliance for individuals and enterprises alike. The Ontology blockchain operates as a high-speed, low-cost public blockchain, geared towards introducing decentralized identity and data solutions to Web3. Its primary objectives include enhancing privacy, transparency, and trust. To achieve this, Ontology offers users and enterprises the flexibility to develop blockchain-based solutions tailored to their requirements, while ensuring adherence to regulatory standards. Through the Ontology Ethereum Virtual Machine (EVM), seamless compatibility with Ethereum is ensured, marking the initial phase towards the creation of the Ontology Multi-Virtual Machine and promoting further chain interoperability. Upon its inception, Ontology opted for a departure from the traditional initial coin offering (ICO) model, instead opting for a series of community distributions and airdrops for its ONT cryptocurrency. This strategy facilitated swift organic price discovery and fostered a dedicated community, effectively averting subsequent regulatory scrutiny. For instance, during a brief period, individuals who subscribed to the Ontology newsletter received a complimentary airdrop of 1,000 ONT tokens, which quickly surged to a value of $10 per token following listing on major exchanges like Binance. Ontology successfully launched its MainNet on June 30, 2018, and has since operated smoothly.