San Francisco Wednesday, January 17, 2024 – Ondo Foundation, a decentralized investment platform dedicated to bridging traditional finance with decentralized finance (DeFi), has introduced ONDO Points and a token unlock plan. 1
The goal is to encourage community participation and establish a robust governance structure.
ONDO Points serve as a gateway to governance, allowing users to earn them through actions such as providing liquidity to Ondo’s vaults, participating in governance votes, and engaging in community initiatives. 2
These points will play a key role in determining ONDO token allocations during future distribution events, emphasizing long-term commitment and active involvement in the platform’s growth.
The token unlock plan follows a phased approach to distributing ONDO tokens to community members and stakeholders. This approach seeks to balance the initial liquidity of tokens while sustaining ongoing engagement with the platform. Specific details regarding the unlock schedule and distribution mechanisms will be disclosed in the coming weeks.
Ondo Foundation sees ONDO Points and the token unlock plan as pivotal steps in cultivating a vibrant and decentralized community.
The vision involves token holders actively shaping the platform’s direction and decision-making processes. By aligning incentives and distributing governance power, Ondo aims to create a sustainable and inclusive ecosystem that benefits both users and the protocol as a whole.
- Blockchain news: https://blockchain.news/news/ondo-foundation-unveils-ondo-points-and-token-unlock-plan#google_vignette[↩]
- ONDO: https://twitter.com/OndoFoundation/status/1740081220699009382[↩]
