coin icon

Ondo Price

(ONDO)

$0.35303
0.00%(5m)

1m5m15m1h8h1d1W
Ondo (ONDO) Live Price Chart

    Ondo Live Price Data

    The live price of Ondo is 0.35303, with a total trading volume of 11790452.34236454 in the last 24 hours. The price of Ondo changed by +1.79% in the past day, and its value has increased by +7.56% over the last week. With a circulating supply of 4.87B ONDO, the market cap of Ondo is currently 1728846064.50626138669637110000 , marking a +1.79% increase today. Ondo currently ranks #38 in market cap.

    How do you feel about ONDO today?

    Note: This data is for reference only.
    pk

    ONDO(ONDO) Profile

    altRank38
    rate--
    Expand
    $0.33775
    $0.35722

    ATH
    $2.14129633
    Price Change (1h)
    -0.35%
    Price Change (24h)
    +1.79%
    Price Change (7d)
    +7.56%
    Market Cap
    24h Volume
    Circulating Supply
    4.87B
    Max Supply
    10B

    About Ondo

    • What Is Ondo (ONDO) Crypto?

      Ondo (ONDO) is a cryptocurrency developed by Ondo Finance. This platform focuses on tokenizing real-world assets (RWAs) and bringing them onto the blockchain. The aim is to improve liquidity, accessibility, and efficiency in financial markets.

      Ondo Finance offers several products, including the OUSG Fund and USDY. The OUSG Fund is a tokenized version of BlackRock’s iShares Short Treasury Bond ETF, providing liquid exposure to short-term US Treasuries. USDY is an interest-bearing stablecoin backed by short-term US Treasuries and bank deposits, designed to offer yield to its holders.

      Ondo’s primary goal is to democratize access to financial products, reducing costs and barriers for users. The platform integrates with Ethereum and emphasizes compliance and security for its users.

    • How Does Ondo Finance Work?

      Ondo Finance tokenizes real-world assets (RWAs) and brings them onto the blockchain. Ondo takes traditional financial assets like U.S. Treasuries and converts them into digital tokens. This allows these assets to be traded 24/7 on the blockchain, enhancing liquidity and accessibility​.

      Ondo Finance’s Key Products

      • OUSG Fund: This product tokenizes BlackRock's iShares Short Treasury Bond ETF. Investors can buy and sell these tokens at any time, offering immediate exposure to U.S. Treasuries​.
      • USDY: An interest-bearing stablecoin backed by short-term U.S. Treasuries. It provides a stable income by yielding interest, making it a secure alternative to traditional stablecoins​.
      • Flux Finance: A decentralized lending protocol supporting high-quality tokenized securities​.

      Ondo ensures high security and compliance. It undergoes regular audits by firms like CertiK and Quantstamp. It also has strict KYC processes to ensure regulatory compliance​.

      The ONDO token serves as a governance token for the Ondo DAO, allowing holders to vote on protocol changes and other important decisions. This ensures that the community has a say in the platform’s development​.

    • History of Ondo Finance and ONDO Coin

      Nathan Allman and Pinku Surana founded Ondo Finance in 2021. Both have extensive experience in traditional finance and digital assets, having previously worked at Goldman Sachs. In April 2022, Ondo raised $20 million in a Series A funding round led by Founders Fund and Pantera Capital. Other investors included Coinbase Ventures and Tiger Global.

      Ondo Finance Roadmap

      1. Expansion of Product Offerings: Ondo aims to expand its product lineup by developing more tokenized financial products and enhancing the functionality of existing ones.
      2. Geographical Expansion: Ondo is focusing on expanding into the Asia-Pacific region to tap into the growing interest in digital assets there​.
      3. Technology Development: Ondo is continuously improving its tokenization technology and developing cross-chain bridges to facilitate the transfer of RWAs across different blockchains​.
      4. Regulatory Compliance: Ondo emphasizes regulatory compliance and undergoes regular security audits to ensure the safety and legality of its products​.
    • How to Use ONDO Token

      The ONDO token is primarily used for governance within the Ondo DAO and Flux Finance. As a governance token, you can use ONDO to vote on proposals that shape the platform’s development, such as protocol changes, asset management, and token distribution. This allows you to have a direct say in the future direction of Ondo Finance.

      Additionally, ONDO facilitates cross-chain operations and supports the ecosystem's overall growth. The token’s distribution is structured to promote long-term development and community involvement.

      Trade ONDO token on the KuCoin Spot Market against other crypto assets to make the most of changing market conditions and volatility. Buy or sell $ONDO or hold the token long-term if you believe in the future potential of Ondo Finance and RWA tokenization. Remember to undertake any trading decisions in the crypto market only after you DYOR.

    • What Is Ondo Tokenomics?

      The ONDO token has a total supply of 10 billion tokens. The $ONDO token distribution is structured as follows:

      • 5.21 billion tokens (52.1%) are allocated for ecosystem growth.
      • 3.3 billion tokens (33%) are allocated for protocol development.
      • 1.29 billion tokens (12.9%) are allocated for private sales.
      • 198 million tokens (2%) are allocated for the community access sale.

      Most tokens are subject to various vesting periods to ensure long-term commitment and stability. For example, tokens allocated for ecosystem growth will unlock 24% at the public launch date and then be released monthly over five years. Private sale tokens and protocol development tokens have similar structured release schedules.

    FAQ

    • How much is 1 Ondo (ONDO) worth?

    • Is Ondo (ONDO) a Good Investment?

    • What Is Ondo Finance Price Prediction?

    • How to Earn on Ondo Finance

    • What is the all-time high price of Ondo (ONDO)?

    • What is the all-time low price of Ondo (ONDO)?

    • How much Ondo (ONDO) is there in circulation?

    • How do I store Ondo (ONDO)?