CoinW Lists ONDO, the Governance Token of Ondo Finance, on the DEFI Zone

For all CoinW users, the ONDO/USDT trading pair will be officially available on August 2nd, 2024, at 12:00 (UTC).

Cryptocurrency trading platform CoinW has announced the listing of ONDO, the governance token of Ondo Finance, on the DEFI Zone. Commencing August 2nd, 2024, at 12:00 (UTC), the ONDO/USDT will be available for trading.

To mark the occasion, CoinW is launching the "ONDO bounty program: Register & Trade & Retweet" event, offering a reward pool of 5,000 USDT.

Launched on January 8th this year, ONDO has seen rapid growth, expanding its market cap from $250 million to $1 billion in six months. Ondo Finance is at the forefront of the Real-World Asset (RWA) sector, revolutionizing Web3 investment banking by tokenizing U.S. Treasury bonds. Supported by prominent institutions such as BlackRock and Morgan Stanley, and backed by leading venture capital firms like Founders Fund, Pantera Capital, and Coinbase Ventures, Ondo Finance is a decentralized, institutional-grade financial protocol that leverages blockchain technology to offer low-risk, stable, and scalable financial products like U.S. Treasuries and money market funds to on-chain investors.

ONDO serves as the governance token for Ondo DAO and Flux Finance, with a total supply of 10 billion tokens distributed as follows: 2% for community access sales, 52.1% for ecosystem growth, 33% for protocol development, and 12.9% for private sales. The protocol's unique approach allows holders, rather than issuers, to earn the majority of the underlying asset's yield, presenting an attractive alternative to stablecoins.

Ondo Finance has introduced two core products: USDY, targeting retail investors, and OUSG, aimed at accredited investors. These products tokenize real-world assets like U.S. Treasuries and money market funds, bringing them on the blockchain. This innovative approach has garnered a strong community base, with 193,000 followers on Twitter and 83,850 members on Telegram, predominantly from Europe and the United States.

Since its inception, Ondo Finance has raised over $30 million through various funding rounds, including a $4 million seed round led by Pantera Capital in August 2021, a $20 million Series A led by Founders Fund and Pantera Capital in April 2022, and a $10 million public sale in July 2022, valuing the company at $535 million. Current on-chain data indicates a liquidity pool of $11 million and 55,748 token holders.

In celebration of the listing, a 5,000 USDT equivalent ONDO prize pool will be up for grabs from August 2nd, 2024, at 12:00 to August 12th, 2024, at 16:00 (UTC). By participating in events such as registration, trading, and community events, CoinW users have the opportunity to share in a prize pool of 5,000 USDT.

To claim your rewards, please click here.

CoinW is a pioneering crypto trading platform that prioritizes security, transparency, and user-centric principles. With advanced technology, deep liquidity, and a wide range of supported cryptocurrencies, the company has amassed a broad user base to become one of the world's most secure crypto exchanges. Committed to security, transparency, and compliance, the CoinW exchange upholds the highest regulatory standards and actively contributes to the advancement of the crypto industry.

To learn more about CoinW, you can visit the official website, and follow CoinW's Twitter Account, Btok, and Telegram Group.

About ONDO

Ondo Finance is a decentralized institutional-grade financial protocol that leverages blockchain technology to offer institutional-grade financial products and services, ultimately creating an open, permissionless, decentralized investment bank.

The above is the detailed content of CoinW Lists ONDO, the Governance Token of Ondo Finance, on the DEFI Zone. For more information, please follow other related articles on the PHP Chinese website!