Ondo

Token

Flux

Foundation

<a href="https://bitcoinworld.co.in/ondo-foundation-to-unlock-and-release-ondo-token-soon/" title="Ondo Foundation To Unlock And Release ONDO Token Soon" rel="nofollow"></a>
The Ondo Foundation proposes to unlock the ONDO token, aiming to democratize access to institutional-grade finance and aligning <a href="https://www.cryptopolitan.com/ondo-foundation-token-democratizing-finance/">with</a> its mission to enhance transparency and efficiency in global finance. 
The initiative marks a pivotal moment for the foundation, aligning its community toward a future of open, transparent, and efficient global finance.&nbsp; 
<h3 id="span-style-font-weight-400-ondo-genesis-and-real-world-impact-span">ONDO Genesis And Real-World Impact</h3> 
Ondo Finance is a US-based technology company that has made significant strides in making institutional-grade financial products and services accessible to all.&nbsp; 
Managing over $200 million in tokenized assets, Ondo Finance has been at the forefront of developing decentralized financial protocols, including Flux Finance – the world’s first lending protocol supporting tokenized securities as collateral.&nbsp; 
With $24 million in equity financing from notable investors like Peter Thiel’s Founders Fund, Pantera, and Coinbase, and collaborations with institutions like Blackrock and Morgan Stanley, Ondo Finance is led by former Goldman Sachs Digital Assets team leaders. 
In 2022, Ondo Finance played a crucial role in establishing the Ondo Foundation, an independently-governed, nonprofit entity based in the Cayman Islands.&nbsp; 
The foundation, initially known as the Neptune Foundation, shares a mission similar to Ondo Finance: democratizing access to institutional-grade finance.&nbsp; 
The Ondo Foundation’s first major act was acquiring ONDO token issuance rights from Ondo Finance, followed by selling ONDO tokens to over 18,000 individuals through CoinList.&nbsp; 
The foundation also assisted in launching the Ondo DAO, which now governs Flux Finance. 
See Also: <a class="row-title" href="https://bitcoinworld.co.in/pancakeswap-plans-to-reduce-cake-token-supply-by-300-million/" aria-label="“PancakeSwap Plans To Reduce CAKE Token Supply By 300 Million” (Edit)">PancakeSwap Plans To Reduce CAKE Token Supply By 300 Million</a> 
<h3 id="span-style-font-weight-400-governance-dao-and-ondo-foundation-s-role-span">Governance, DAO, And Ondo Foundation’s Role</h3> 
ONDO token holders are entrusted with the crucial task of shaping the future of the Ondo DAO, ensuring it continues to democratize access to institutional-grade finance.&nbsp; 
The Ondo DAO grants ONDO holders specific rights within Flux Finance, such as listing new fToken markets, pausing markets, updating interest rate models, and managing a treasury of assets.&nbsp; 
Detailed mechanics of these rights are available at the Flux Finance documentation site. 
The Ondo Foundation supports the Ondo DAO by focusing on several key areas, including supporting innovation, educating and promoting awareness, managing treasury, deploying contracts, and engaging in strategic partnerships.&nbsp; 
The foundation also manages intellectual property and organizes community events to strengthen ties within the ecosystem.&nbsp; 
Notably, the Ondo Foundation owns a significant stake in Ondo USDY LLC, the issuer of USDY, aligning its growth with the foundation’s mission. 
<h3 id="span-style-font-weight-400-ondo-distribution-and-unlock-schedule-span">ONDO Distribution And Unlock Schedule</h3> 
The ONDO token remains subject to a global lock-up, with its release requiring majority approval from ONDO holders.&nbsp; 
The Ondo Foundation’s proposal aims for long-term alignment among core contributors, strategic investors, and ecosystem participants.&nbsp; 
The initial circulating supply is set at approximately 14.3% of the max supply of 10 billion ONDO tokens, with more than 85% initially locked and scheduled to unlock over 12 to 60 months post-launch. 
Key allocations include the Community Access Sale, Ecosystem Growth, Protocol Development, and Private Sales.&nbsp; 
The Community Access Sale participants will see an immediate unlock, while private sale investors and core contributors will have a staggered release over five years.&nbsp; 
The proposal also outlines specific unlock schedules for each category, ensuring a balanced and strategic distribution aligned with the Ondo ecosystem’s growth. 
See Also: <a class="row-title" href="https://bitcoinworld.co.in/bitzlato-temporarily-suspend-all-bitcoin-withdrawals-due-to-legal-battles/" aria-label="“Bitzlato Temporarily Suspend All Bitcoin Withdrawals Due To Legal Battles” (Edit)">Bitzlato Temporarily Suspend All Bitcoin Withdrawals Due To Legal Battles</a> 
<h3 id="span-style-font-weight-400-conclusion-span">Conclusion</h3> 
The Ondo Foundation’s proposal to unlock ONDO tokens represents a significant step in the evolution of the Ondo ecosystem and the broader DeFi community.&nbsp; 
By carefully planning the token distribution and aligning it with the foundation’s mission, the Ondo Foundation is setting the stage for sustainable growth and continued innovation in democratizing access to institutional-grade finance.&nbsp; 
The proposal, pending community discussion and on-chain vote, is poised to open a new chapter in the journey of Ondo, its community, and the DeFi space at large. 
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The post <a href="https://bitcoinworld.co.in/ondo-foundation-to-unlock-and-release-ondo-token-soon/">Ondo Foundation To Unlock And Release ONDO Token Soon</a> appeared first on <a href="https://bitcoinworld.co.in">BitcoinWorld</a>.

Ondo Foundation To Unlock And Release ONDO Token Soon

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