The ONDO Token

SUMMARY

• ONDO is the governance token for the Ondo DAO and Flux Finance.
• The token's address is 0xfAbA6f8e4a5E8Ab82F62fe7C39859FA577269BE3
• The initial token supply of ONDO is 10 billion.
• 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
• Voting results: ONDO DAO Proposal 10

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

note

Ondo core team members and service providers are also bound by a minimum 1-year lock and subsequent 24-month release (3-year total lock-up).