ONDO, a RWA Platform, Will Be Listed on CoinW Exchange
01 Agosto 2024 - 12:15PM
CoinW, the world's pioneering cryptocurrency trading platform,
will list ONDO, the governance token of Ondo Finance, on the DEFI
Zone. For all CoinW users, the ONDO/USDT will be officially
available for trading on August 2nd 2024, at 12:00 (UTC). To
celebrate the listing of ONDO, we are launching the "ONDO bounty
program: Register & Trade & Retweet" event with a reward
pool of 5,000 USDT.
Introduction of Ondo Finance and ONDO Token
Launched on January 8th this year, ONDO has exhibited impressive
growth, expanding its market cap from $250 million to $1 billion
within 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. It 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.
Project Success and Community Engagement
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 onto 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.
5,000 USDT Limited-Time Offer for CoinW Community
To celebrate the listing, 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.
About CoinW
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 leveraging blockchain technology to offer
institutional-grade financial products and services, creating an
open, permissionless, decentralized investment bank.
marketing(at)coinw.com