In a groundbreaking move, the Ondo Foundation, a prominent figure in the decentralized finance (DeFi) industry, has unveiled two game-changing initiatives that are set to reshape the landscape of institutional-grade finance and global transparency. The foundation’s recent launch of the Ondo Points program and the planned release of the ONDO token lock-up signify crucial milestones in the pursuit of democratizing access to finance and fostering collaboration within the Ondo Ecosystem.
The Ondo Points program, which made its debut on January 8, 2024, is a groundbreaking initiative aimed at rewarding and encouraging active community engagement within the Ondo Ecosystem. Through various activities such as community participation, utilization of Ondo products, and contributions to the Ondo DAO, participants can earn points. By incentivizing involvement and fostering a sense of community, this program creates a thriving ecosystem where users can collaborate and interact.
The announcement of the proposed ONDO token unlock plan on December 27, 2023, aligns with the Ondo Foundation’s vision of a transparent and efficient future for global finance. The ONDO token holds significant governance power within the Ondo DAO and the Flux Finance protocol, making its unlock an important step toward empowering token holders and ensuring a collective direction.
A critical aspect of the unlock plan centers around the real-world impact of ONDO Finance, which manages a substantial $200 million in tokenized assets. As pioneers of protocols like Flux Finance, the world’s first lending protocol supporting tokenized securities as collateral, ONDO Finance has established itself as a leader in the industry. The Ondo Foundation, previously known as the Neptune Foundation, acquired ONDO token issuance rights from ONDO Finance in 2022, distributing them to over 18,000 individuals through CoinList.
Governance plays a pivotal role within the Ondo DAO, granting ONDO token holders a range of rights and responsibilities. These include the ability to list new fToken markets, update interest rate models, and manage assets. The Ondo DAO has successfully executed numerous proposals and boasts a sizable base of registered token holders and active voters, ensuring an inclusive and democratic decision-making process.
The ONDO token distribution and unlock schedule have been meticulously planned to align the interests of contributors, investors, and ecosystem participants in the long run. With approximately 14.3% of the initial circulating supply unlocked out of a maximum supply of 10 billion, more than 85% of the tokens will remain locked initially. The distribution categories encompass the Community Access Sale, Ecosystem Growth, Protocol Development, and Private Sales, all tailored to sustain the project’s growth and maintain a fair and equitable distribution of ONDO tokens.
The Ondo Foundation’s recent initiatives play a pivotal role in leading the DeFi landscape towards increased access, transparency, and collaboration. As these developments continue to unfold, this groundbreaking foundation is set to redefine the future of institutional-grade finance and reshape the global financial ecosystem.
The source of the article is from the blog crasel.tk