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Ondo(ONDO)

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$0.745704
(-1.55%)
0.00001115 BTC
Market Cap (Rank#75)
$1,036,349,091
15,496 BTC
Vol 24h
$71,914,900
1,075 BTC
Circulating Supply
1,389,759,838.48
Max Supply
10,000,000,000
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About Ondo?

The live price of Ondo (ONDO) today is 0.745704 USD, and with the current circulating supply of Ondo at 1,389,759,838.48 ONDO, its market capitalization stands at 1,036,349,091 USD. In the last 24 hours ONDO price has moved 0.036402 USD or 0.05% while 63,938,356 USD worth of ONDO has been traded on various exchanges. The current valuation of ONDO puts it at #75 in cryptocurrency rankings based on market capitalization.

Learn more about the Ondo blockchain network and how it works or follow the price of its native cryptocurrency ONDO and the broader market with our unique COIN360 cryptocurrency heatmap.

What is Ondo Finance?

Ondo Finance is a pioneering platform in the decentralized finance (DeFi) space, aiming to bridge the gap between traditional finance and the blockchain world. It offers a suite of tokenized financial products and decentralized finance protocols that make institutional-grade financial services accessible to everyone. 

The mission of Ondo Finance is to leverage blockchain technology to enhance the infrastructure of financial products and services while ensuring transparency, legal compliance, and top-notch service. 


What is Ondo Token?

Ondo Token is a digital asset designed to facilitate secure and efficient representation and transfer of Real World Assets (RWAs) across various blockchain networks. It plays a crucial role in bridging traditional financial assets with the decentralized finance (DeFi) ecosystem, which enables users to access, trade, and manage RWAs seamlessly on multiple blockchain platforms.

Key Features of Ondo Token

  • Robust Security Measures: The token employs advanced security protocols to ensure safe transactions and storage.

  • Efficient and Scalable Transfers: Leveraging partnerships with leading bridging technologies, Ondo Tokens facilitate fast and cost-effective asset transfers.

  • Compliance and Transparency: Ondo Finance emphasizes regulatory compliance and transparency.


Who Backs Ondo Crypto?

Ondo Finance is backed by a team of experienced professionals from both the traditional finance and blockchain industries. Partners include some of the most reputable names in the industry, such as BlackRock, Immunefi, and StoneX. 

The collaboration with these institutional giants allows Ondo to offer products like OUSG, a fund that invests in short-term US Treasuries, managed by BlackRock. The assets within this fund are custodied by top-tier institutions like BNY Mellon, Citi, JP Morgan, and State Street. 


When Did Ondo Token Launch?

The Ondo token officially launched on the open market in January 2024. Since its launch, the Ondo token has gained significant traction within the crypto community, with trading volumes increasing steadily. 

Since its launch, the Ondo token has seen a wide range of developments, including new partnerships, product launches, and community growth. The launch also marked the introduction of the Ondo DAO, which gives token holders the power to participate in the platform's governance and influence its future direction.


How Does Ondo Finance Ensure Security?

To ensure the safety of users' assets and data, Ondo Finance has implemented a multi-layered security approach that includes:

  • Institutional-Grade Security: Ondo works with top-tier custodians like BNY Mellon, Citi, and JPMorgan to safeguard the assets within their funds. 

  • Audited Smart Contracts: Their smart contracts undergo rigorous third-party audits to identify and eliminate vulnerabilities. These audits provide an additional layer of assurance that the protocols operate as intended.

  • Transparent Operations: All their smart contracts are open-source to allow the community to review and verify the code. 

  • Partnerships with Reputable Entities: By partnering with industry leaders, Ondo Finance leverages the expertise and security infrastructure of established financial institutions.


How Does Ondo Finance Compare to Traditional Finance?

Ondo Finance bridges the gap between traditional finance (TradFi) and decentralized finance (DeFi) by combining the best practices of both worlds:

  • Transparency vs. Opacity: In traditional finance, transparency can be limited, with complex products and services that are difficult to understand. Ondo Finance offers complete transparency, with open-source smart contracts and detailed product information available to all users.

  • Speed and Efficiency: Traditional financial transactions can be slow, often taking days to settle. Ondo Finance uses blockchain technology to enable near-instant transactions.

  • Accessibility: Traditional financial products are often reserved for institutional investors or high-net-worth individuals. Ondo Finance democratizes access to allow anyone with internet access to participate in institutional-grade financial products.

  • Risk and Security: While traditional finance benefits from decades of regulatory oversight, Ondo Finance implements cutting-edge security measures and compliance standards to ensure a secure and compliant DeFi environment.


Is Ondo Coin a Good Investment?

Investing in Ondo coin (ONDO) can be an exciting opportunity, but it's essential to weigh the pros and cons before making a decision. Below is a table that outlines some key reasons for and against investing in Ondo coin.

Should I Invest in ONDO?

Reasons for Investing in ONDO   Reasons Against Investing in ONDO   
 
  1. Strong Institutional Backing: Ondo Finance is backed by well-known institutions like BlackRock and Coinbase, which lends credibility and security to the platform.
  2. Innovative Financial Products: Ondo Finance offers unique tokenized financial products that are not available on other platforms.
  3. Growing Ecosystem: The Ondo Finance ecosystem is rapidly growing, with new products and partnerships being added regularly, which could drive up the value of Ondo coin.
  4. Governance Participation: Holding Ondo tokens allows you to participate in the governance of the Ondo DAO.
 
  1. Market Volatility: The cryptocurrency market is notoriously volatile, and Ondo coin is no exception. Prices can fluctuate widely.
  2. Regulatory Risks: As a DeFi platform, Ondo Finance operates in a regulatory gray area. Changes in regulations could impact the platform's operations.
  3. Early Stage Risks: Ondo Finance is still in its early stages, and there are inherent risks associated with investing in a relatively new platform.
Ondo Price0.745704 USD
Market Rank#75
Market Cap1,036,349,091 USD
24h Volume71,914,900 USD
Circulating Supply1,389,759,838.48 ONDO
Max Supply10,000,000,000 ONDO
Yesterday's Market Cap1,057,642,688 USD
Yesterday's Open / Close0.724624 USD / 0.761026 USD
Yesterday's High / Low0.765708 USD / 0.706979 USD
Yesterday's Change
0.05% ( 0.036402 USD )
Yesterday's Volume63,938,356 USD
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