Ondo (ONDO) reriew: All about ONDO Token

ONDO Coin is a project in the RWA segment with the role of a bridge between cryptocurrency investors and the traditional market. From here, this project has formed an infrastructure system to serve investment in a more transparent, effective and accessible way.

If you still want to know more detailed and interesting information about the ONDO Coin topic, now follow the following content from AZCoin.

What is Ondo (ONDO)?

Ondo is a project belonging to the RWA segment
Ondo is a project belonging to the RWA segment

Ondo is a project belonging to the RWA segment and if you don’t know, RWA stands for Real World Asset. You can also see this as a decentralized financial platform. The purpose of Ondo’s birth is to act as a bridge between cryptocurrency investors and the traditional market.

To achieve the above purpose, Ondo has taken advantage of the power of blockchain technology to build an infrastructure for investing in a more transparent, effective and accessible way. In simpler terms, Ondo will operate similar to a bank where users will deposit money to earn profits.

Operating with the above intermediary model, Ondo has a vision of becoming a leading on-chain investment bank with RWA as its focus.

Who are the development team and investors of ONDO Coin?

Ondo has called for 24 million USD in two funding rounds
Ondo has called for 24 million USD in two funding rounds

Development team

According to research, the Ondo project was built and developed with a team of 21 members, of which the three most important main members are:

  • Nathan Allman: Founder and CEO of Ondo Finance, has participated in many different positions in several large projects such as ChainStreet Capital, Goldman Sachs,…
  • Justin Schmidt: President and COO of Ondo Finance, worked at 8 large companies such as Goldman Sachs, WorldQuant LLC,…
  • Romain Bourgois: Product Manager of Ondo Finance, has many years of experience in product development.

Investors

Also from the information learned and announced by the Ondo project itself, we know that this project has called for 24 million USD in two funding rounds:

  • Seed Round: Successfully raised 4 million USD, led by Pantera Capital and Digital Currency Group and many other investors.
  • Series A Round: Successfully raised 20 million USD, led by Pantera Capital and Founders Fund and many other investors.

What makes Ondo stand out?

Let learn what makes Ondo stand out
Let learn what makes Ondo stand out

Ondo owns four main products, of which three are related to financial instruments and one protocol:

  • USDY: Tokenized version of a US government bond, yielding interest, providing direct and compliant access to yield, priced in US dollars.
  • OUSG: Tokenized version of short-term bond ETF from the US government, allowing users to gain profits from short-term bond funds.
  • OMMF: Investment product, allowing users to deposit investment money and earn profits from traditional financial instruments, focusing mainly on US government monetary funds.
  • Flux Finance: A decentralized lending protocol powered by Ondo that allows users to borrow several other stablecoins.

Besides, if you have time, we would like to suggest you check out other interesting content such as: Celestia Coin, Notcoin, THORchain,…

Overview of ONDO Coin

Let learn infomation about ONDO Coin
Let learn infomation about ONDO Coin

ONDO Coin is currently the main governance token of Ondo DAO and Flux Finance. For detailed information, please follow the following content:

Specifications

  • Token Name: Ondo Finance
  • Ticker: ONDO
  • Blockchain: Ethereum
  • Token Standard: ERC-20
  • Contract: 0xfaba6f8e4a5e8ab82f62fe7c39859fa577269be3
  • Token type: Governance
  • Total Supply: 10.000.000.000 ONDO

Allocation rate

Currently ONDO Coin is being allocated according to the following ratio:

  • Ecosystem Growth: 52.1%.
  • Protocol Development: 33%.
  • Private Sales: 12.9%.
  • Community Access Sale: 2%.

How to own ONDO?

If you want to own ONDO Coin at the moment, the best crypto exchanges we can recommend for your trading are Gate.io and Coinlist.

Conclusion

Here is all the most general and easy-to-understand information about Ondo that we can bring to you. If you have any other questions, don’t hesitate to contact AZCoin.

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