#ONT 1. Who developed the ONT mainnet token?

- Founder: Jun Li, Co-founder Andy Ji
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- Development Entity: Onchain (Shanghai Distributed Information Technology Co., Ltd.), same parent company as NEO (Antshares)
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- Background: Jun Li was a co-founder of Onchain and a core member of NEO; the team mainly comes from finance/technology institutions with strong technical and compliance backgrounds
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- Timeline: Project initiated in 2017, mainnet launched in June 2018

2. Is it legal and compliant? (2026, China perspective)

🔹 Project compliance

- Technical compliance: Selected for the Ministry of Industry and Information Technology’s Blockchain Open Source Program, supports national cryptography algorithms, solid foundation for enterprise/government deployment
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- No illegal ICO: ONT did not raise funds publicly, distributed via NEO airdrop, no history of illegal fundraising
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- Overseas compliance: Legally operated in multiple countries, not classified as illegal securities by SEC or other mainstream regulators

🔹 Chinese regulatory red lines (must be clear)

- Virtual currency classification: The People’s Bank of China and 8 other departments explicitly state that virtual currencies are not legal tender, and related transactions are illegal financial activities
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- Domestic bans:
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- Exchange of fiat currency for ONT, ONT trading, and intermediary services for trading are strictly prohibited
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- Personal holding of ONT is not illegal, but trading/monetization is not legally protected
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- Conclusion:
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- ONT project itself is compliant in terms of technology and implementation
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- Trading ONT within China is considered illegal financial activity; risk is on the user

3. One sentence summary

- Developer: Jun Li + Onchain (Distributed Technology), same origin as NEO
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- Compliance: The project is compliant; trading within China is illegal; holding is not illegal but not protected