Summary
Ondo Finance, a real-world asset project, has unlocked 14.3% of its native ONDO tokens, leading to a market capitalization of $1.66 billion. The tokens have been listed on exchanges like ByBit, Gate.io, KuCoin, and Coinbase plans to offer them in the future. ONDO token holders will govern parameters on Flux Finance, a lending platform developed by Ondo, and the project aims to cater to both crypto users and large institutions. Ondo’s tokenized products are valued at over $200 million, with OUSG being the most valuable product. The unlock creates a market for ONDO tokens, and there is an unlock schedule for the remaining tokens. The Ondo Foundation has established a points system to reward users for governance participation and facilitate airdrops.
Key Points
1. Ondo Finance has unlocked 14.3% of its native ONDO tokens, leading to a significant increase in its market capitalization to $1.66B.
2. Exchanges like ByBit, Gate