# ONDO Token ## 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)](https://www.coindesk.com/business/2021/08/17/ex-goldman-sachs-traders-raise-4m-for-defi-risk-management-startup/): <7% (1-year lock + 24-month release) * [Series A Investors ($20m equity investment)](https://www.theblockcrypto.com/post/143769/ondo-finance-raises-funding-peter-thiel-founders-fund): <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). --- # Agent Instructions: Querying This Documentation If you need additional information that is not directly available in this page, you can query the documentation dynamically by asking a question. Perform an HTTP GET request on the current page URL with the `ask` query parameter: ``` GET https://ondo-finance.gitbook.io/ondo-finance-users/governance/ondo-token.md?ask= ``` The question should be specific, self-contained, and written in natural language. The response will contain a direct answer to the question and relevant excerpts and sources from the documentation. Use this mechanism when the answer is not explicitly present in the current page, you need clarification or additional context, or you want to retrieve related documentation sections.