OKX to List Ondo Finance's ONDO Token on its Spot Market

DUBAI, UAE, July 29, 2024 /PRNewswire/ -- OKX, a leading crypto exchange and global Web3 technology company, has issued updates for July 29, 2024.

OKX to List Ondo Finance's ONDO Token on its Spot Market

OKX today announced that it will list Ondo Finance's ONDO token on its spot market, enabling eligible customers to trade ONDO against USDT via the ONDO/USDT spot pair. ONDO/USDT will begin trading today at 8:00 AM (UTC). In preparation for this launch, deposits for the token were enabled today at 7:00 (UTC).

ONDO is the native token of Ondo Finance, a decentralized finance (DeFi) platform aimed at bridging the gap between traditional finance (TradFi) and DeFi through the tokenization of real-world assets (RWA).

Tokenomics and distribution of ONDO:

• 5.21 billion for ecosystem growth
• 3.3 billion for protocol development
• 1.29 billion for private sales
• 198 million for community access sale

ONDO is also a governance token, allowing holders to vote on proposals, token distribution, protocol changes, asset treasury management and other factors influencing the direction of Ondo Finance.

To learn more, visit OKX's Support Center.

For further information, please contact:
[email protected]

About OKX

OKX is a leading global crypto exchange and innovative Web3 company. Trusted by more than 50 million global users, OKX offers a secure and trustworthy platform that provides responsible crypto traders with innovative tools to access the world of crypto.

As a global brand and top partner of Manchester City FC and McLaren Racing, OKX uses Web3 technology to redefine how fans connect with their favorite teams. Recent examples include its Unseen City Shirts and Race Rewind digital collectible campaigns, which offer fans real-world benefits like exclusive match-day and trackside experiences. As the Presenting Partner of Tribeca Festival, OKX also empowers artists and creators through Web3.

In line with its "on-chain, any chain" philosophy, OKX contributes to the growth of the Web3 ecosystem via its secure, interoperable and self-custody enabled OKX Wallet. OKX Wallet is a user-friendly gateway to the on-chain world, connecting to over 100 blockchains, 10,000 dApps, 170+ DeFi protocols, 300,000 tokens and 490+ decentralized exchanges (DEXs).

OKX is committed to transparency and security, and publishes its Proof of Reserves monthly to build trust. It is also dedicated to expanding its educational resources through OKX Learn, making digital assets accessible and understandable for a broader audience.

To learn more about OKX, download our app or visit: okx.com

Disclaimer

This announcement is provided for informational purposes only. It is not intended to provide any investment, tax, or legal advice, nor should it be considered an offer to purchase, sell, hold or offer any services relating to digital assets. Digital assets, including stablecoins, involve a high degree of risk, can fluctuate greatly, and can even become worthless.

SOURCE OKX