โทเคโนมิกส์ Ondo (ONDO)

Ondo Finance’s ONDO token is designed to support the protocol’s mission of bringing institutional-grade financial products on-chain. Below is a comprehensive breakdown of its token economics, including issuance, allocation, usage, incentives, locking, and unlocking mechanisms.

Issuance Mechanism

• Token Standard & Supply: ONDO is an ERC-20 token on Ethereum, with a maximum supply of 10 billion tokens.
• Creation Date: The token was created on April 28, 2022.
• Public Launch: ONDO became transferable on January 18, 2024, following the end of a global lock-up period.

Allocation Mechanism

The ONDO token allocation is structured as follows:

Usage and Incentive Mechanism

• Governance: ONDO is primarily a governance token. Holders can submit and vote on proposals related to Flux Finance (e.g., asset listings, interest rate models, treasury management). To submit a proposal, a user must have at least 100 million ONDO delegated; proposals require at least 1 million ONDO to vote and must meet quorum.
• Ecosystem Incentives: A significant portion (~52.11%) is reserved for ecosystem growth, including future airdrops and rewards for contributors (developers, educators, researchers, strategic partners).
• Points Program: ONDO holders can earn points by holding tokens on-chain, with additional bonuses for “diamond hands” (long-term holders). The points program is expected to offer further rewards in the future.
• No Staking or Liquidity Provision: As of late 2024, there is no native staking or liquidity provision mechanism for ONDO.

Locking Mechanism

• Global Lock-Up: All ONDO tokens were non-transferable until January 18, 2024.
• Vesting Schedules: Most allocations (except the Community Access Sale) are subject to cliffs and linear vesting, as detailed above.

Unlocking Time

• Community Access Sale: 90% unlocked at TGE (Jan 18, 2024), 10% linearly daily over the next year.
• Ecosystem Growth: 24% unlocked at TGE, 76% linearly yearly over 5 years (starting Jan 18, 2025).
• Private Sales & Protocol Development: 1-year cliff post-TGE, then linearly yearly over 4 years.

Summary Table

Additional Notes

• No Claims on Profits: ONDO does not confer any rights to capital, profits, or legal claims on the issuer or associated entities.
• Bridging and Cross-Chain: Ondo Bridge enables native, cross-chain transfers of ONDO and related assets, supporting composability and liquidity across multiple blockchains.
• Governance Participation: ONDO holders can participate in protocol governance via Tally.

This structure is designed to balance immediate ecosystem growth with long-term alignment and gradual distribution, supporting both early contributors and the broader community.