What is Ondo?

Symbol: ONDO · Market cap rank: #46

Short answer

Ondo (ONDO) is a cryptocurrency currently ranked #46 by market capitalisation. It is classified as RWA.

Source: isthiscoinascam.com

Overview

The Ondo Foundation was established in 2022 as a nonprofit entity in the Cayman Islands, operating without beneficial owners. The foundation played a key role in launching the Ondo DAO, which governs Flux Finance, a lending protocol focused on using tokenized securities as collateral.

ONDO token holders have a governance role within the Ondo DAO, which is designed to guide the direction of Flux Finance. This structure aims to enhance access to institutional-grade financial tools, while the governance model allows token holders to influence the DAO's decisions related to Flux Finance.

Launched: 2021

Headquarters: New York, USA

Scam-risk analysis

Ondo is rated BB on isthiscoinascam.com. Is Ondo a scam?

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