Tokenized real-world asset issuer Ondo Finance conducted its token sale in May 2022, and early apes have been waiting nearly a year and a half for liquidity! Today, they finally received it. How can you capitalize on the ONDO opportunity?
The 18k individual participants in Ondo’s CoinList token sale were promised their tokens would begin to unlock last June, but all ONDO tokens were subject to a global lock-up that could only be removed by majority ONDO token holder vote.
This condition meant that ONDO purchasers were reliant on the Ondo Foundation, the same group that had acquired ONDO token issuance rights from Ondo Finance and sold a portion of the tokens on CoinList, to put forward a proposal to release their tokens from the global lock-up, an action the Foundation took on December 27.
Unlocking $ONDO: A Proposal from the Ondo Foundation
— Ondo Foundation (@OndoFoundation) December 27, 2023
The Ondo Foundation is thrilled to present our proposal to release $ONDO tokens from the global lock-up, a major step in aligning our community toward a future of open, transparent, and efficient global finance.$ONDO token… pic.twitter.com/ryptRGLXRk
Following a successful onchain community vote approving their proposal, the Ondo Foundation set today, January 18, as ONDO unlock day! Multiple exchanges are offering day-one support for ONDO trading, including Coinbase, BitMEX, and KuCoin.
In addition to providing liquidity to early ONDO apes, the Ondo Foundation also announced it would be implementing a points program. Every wallet that held uninvested USDC or USDT during 2023 received retroactive points, and it’s not too late to participate: you can earn Ondo points through a variety of actions!
Check out Ondo's newly updated page on Airdrop Hunter to chase the latest opportunities.