Ondo (ONDO) - Other - Tokenomics Data

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Ondo foundation have put in place a point system. Ondo Points is a non-transferable rewards program that recognizes community engagement across the Ondo ecosystem. Users earn points by participating in governance, using products, and joining campaigns, with balances updated regularly and tracked off-chain for efficiency. Rewards will be announced in the future.

Project launch date : Ondo Finance is co-founded by Nathan Allman and Pinku Surana, former Goldman Sachs employees, with the mission of bridging traditional finance and DeFi.

The Ondo Foundation is established as a nonprofit Cayman Islands foundation. As its first act, it acquires the rights to issue ONDO tokens from Ondo Finance.

OUSG (Ondo Short-Term US Government Bond Fund) is introduced as the first on-chain US Treasuries product by Ondo Finance.

Flux Finance, a decentralized lending protocol developed by Ondo, launches. It’s designed to support tokenized securities and US Treasury collateral.

USDY (USD Yield) is launched, offering tokenized notes backed by US Treasuries and bank deposits.

Other tokenomics information:: Ondo foundation have put in place a point system. Ondo Points is a non-transferable rewards program that recognizes community engagement across the Ondo ecosystem. Users earn points by participating in governance, using products, and joining campaigns, with balances updated regularly and tracked off-chain for efficiency. Rewards will be announced in the future.
Other sources:: https://ondo.foundation/

https://forum.fluxfinance.com/t/fip-08-release-of-the-ondo-token-lock-up/563

https://blog.ondo.finance/introducing-ondo-finance/
Timeline:: Mar 2021
Project launch date : Ondo Finance is co-founded by Nathan Allman and Pinku Surana, former Goldman Sachs employees, with the mission of bridging traditional finance and DeFi.
2022
The Ondo Foundation is established as a nonprofit Cayman Islands foundation. As its first act, it acquires the rights to issue ONDO tokens from Ondo Finance.
2023
OUSG (Ondo Short-Term US Government Bond Fund) is introduced as the first on-chain US Treasuries product by Ondo Finance.
Jan 12, 2023
Flux Finance, a decentralized lending protocol developed by Ondo, launches. It’s designed to support tokenized securities and US Treasury collateral.
Aug 3, 2023
USDY (USD Yield) is launched, offering tokenized notes backed by US Treasuries and bank deposits.
Jan 18, 2024
Listing & TGE date

Other tokenomics information:: Ondo foundation have put in place a point system. Ondo Points is a non-transferable rewards program that recognizes community engagement across the Ondo ecosystem. Users earn points by participating in governance, using products, and joining campaigns, with balances updated regularly and tracked off-chain for efficiency. Rewards will be announced in the future.
Other sources:: https://ondo.foundation/

https://forum.fluxfinance.com/t/fip-08-release-of-the-ondo-token-lock-up/563

https://blog.ondo.finance/introducing-ondo-finance/
Timeline:: Mar 2021
Project launch date : Ondo Finance is co-founded by Nathan Allman and Pinku Surana, former Goldman Sachs employees, with the mission of bridging traditional finance and DeFi.
2022
The Ondo Foundation is established as a nonprofit Cayman Islands foundation. As its first act, it acquires the rights to issue ONDO tokens from Ondo Finance.
2023
OUSG (Ondo Short-Term US Government Bond Fund) is introduced as the first on-chain US Treasuries product by Ondo Finance.
Jan 12, 2023
Flux Finance, a decentralized lending protocol developed by Ondo, launches. It’s designed to support tokenized securities and US Treasury collateral.
Aug 3, 2023
USDY (USD Yield) is launched, offering tokenized notes backed by US Treasuries and bank deposits.
Jan 18, 2024
Listing & TGE date

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