OKX, a premier cryptocurrency exchange and Web3 technology innovator, has announced the listing of Ondo Finance’s ONDO token on its spot market. Eligible users can now trade ONDO/USDT, with trading commencing at 8:00 AM UTC following deposit enablement at 7:00 AM UTC.
Ondo Finance and the ONDO Token
👉 Ondo Finance bridges traditional finance (TradFi) and decentralized finance (DeFi) by tokenizing real-world assets (RWAs). The ONDO token serves dual purposes:
– Governance: Token holders vote on proposals, treasury management, and protocol upgrades.
– Ecosystem Growth: Distributed across development, private sales, and community initiatives.
Tokenomics Breakdown
| Allocation | Amount (Billions) | Purpose |
|---|---|---|
| Ecosystem Growth | 5.21 | Incentivize adoption |
| Protocol Development | 3.30 | Fund innovation |
| Private Sales | 1.29 | Early investor access |
| Community Sale | 0.198 | Public participation |
Why This Listing Matters
- Enhanced Liquidity: Traders gain access to a high-potential RWA-focused asset.
- Governance Participation: ONDO holders shape Ondo Finance’s future.
- Market Accessibility: OKX’s robust platform ensures secure trading.
👉 Explore OKX’s Web3 ecosystem for tools like the OKX Wallet, supporting 100+ blockchains and 10,000+ dApps.
About OKX
As a 50 million-user-strong platform, OKX merges crypto trading with Web3 innovations. Key highlights:
– Sports Partnerships: Collaborations with Manchester City FC and McLaren Racing, offering fan-centric NFTs.
– Transparency: Monthly Proof of Reserves audits.
– Education: Free resources via OKX Learn.
FAQs
1. When does ONDO/USDT trading start?
Trading begins at 8:00 AM UTC on July 29, 2024.
2. What is Ondo Finance’s primary goal?
It tokenizes RWAs (e.g., bonds, equities) to merge TradFi and DeFi.
3. How can I deposit ONDO tokens?
Deposits opened at 7:00 AM UTC on the listing date.
4. Does ONDO offer staking rewards?
Currently, ONDO focuses on governance and RWA utility.
5. Is OKX available in the U.S.?
OKX complies with regional regulations; check local availability.
6. Where can I track ONDO’s price?
Use OKX’s spot market or third-party tools like CoinMarketCap.
Final Notes
This listing underscores OKX’s commitment to pioneering Web3 adoption and asset diversity.
👉 Start trading ONDO/USDT now on OKX’s secure platform.
Disclaimer: This content is informational only. Cryptocurrencies are volatile; conduct independent research before investing.