The ONDO Token
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SUMMARY
ONDOis the governance token for the Ondo DAO and Flux Finance (opens in a new tab).
- The token's address is
0xfAbA6f8e4a5E8Ab82F62fe7C39859FA577269BE3
- The token's address is
- The initial token supply of
ONDOis 10 billion.
- The initial token supply of
- There is no scheduled or planned inflation.
Distribution
Following a decisive vote by the DAO, the restrictions on transferring the ONDO token were lifted, enabling free movement of the token as of January 18, 2024. This pivotal decision not only unlocked the token but also established a structured distribution schedule for the ONDO token, aligning with the community's consensus.
For further details on the proposal and voting outcomes, visit:
- Proposal details: FIP-08: Release of the ONDO Token Lock-Up (opens in a new tab)
- Voting results: ONDO DAO Proposal 10 (opens in a new tab)
Locked tokens can still vote in the DAO, so everyone will collectively shape Ondo's distribution and future.
Investor Allocations
-
Coinlist Tranche 1
- ~0.3%
- 1-year lock + 18-month release
-
Coinlist Tranche 2
- ~1.7%
- 1-year lock + 6-month release
-
Seed Investors
- < 7 %
- 1-year lock + 24-month release
- $4m equity investment
-
Series A Investors
- < 7 %
- 1-year lock + 24-month release
- $20m equity investment
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Ondo core team members are bound by a 5-year lock-up.