ONDO Token
ONDO is the governance token for the protocol and DAO.
Summary
ONDO's initial total supply is 10 billion.
There is no scheduled or planned inflation.
Vision & Distribution
The Ondo Team believes that setting the token distribution should be an iterative effort in collaboration with the community. With this in mind, the majority of tokens will be held by the Ondo DAO itself. The team and community can experiment with multiple distribution mechanisms (e.g. sales, airdrops, liquidity mining) as decided by DAO governance.
Locked tokens can still vote in the DAO, so everyone will collectively shape Ondo's distribution and future.
ONDO Investor Allocations:
Coinlist Tranche 1: ~0.3% (1-year lock + 18-month release)
Coinlist Tranche 2: ~1.7% (1-year lock + 6-month release)
Seed Investors ($4m equity investment): <7% (1-year lock + 24-month release)
Series A Investors ($20m equity investment): <7% (1-year lock + 24-month release)
Ondo core team members and service providers are also bound by a minimum 1-year lock and subsequent 24-month release (3-year total lock-up).
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