Token unlock in one week: ONDO will unlock tokens worth over 2.4 billion dollars.

CN
10 days ago

Next week, a total of 14 projects will unlock, with ONDO experiencing a massive unlock, exceeding 100% of its circulating supply.

One Week Token Unlock: ONDO Will Unlock Tokens Worth Over $2.4 Billion

Ondo Finance

Project Twitter: https://x.com/OndoFinance

Project Official Website: https://ondo.finance/

Unlock Quantity: 1.93 billion tokens

Unlock Amount: Approximately $2.44 billion

Ondo Finance was established in 2021, initially focusing on the Laas (Liquidity as a Service) sector. However, as the market entered a bear phase, the DeFi market cap and on-chain liquidity shrank, leading to a bottleneck in the project's development. Consequently, it transitioned to the RWA sector in January 2023.

Before the transition, Ondo Finance issued the token ONDO and conducted a public sale on Coinlist, but the tokens were subject to a one-year lock-up period after purchase. The tokens can be used as governance voting power for Flux Finance.

This round of ONDO unlocks is aimed at three categories: 825 million tokens for protocol development ($1.04 billion), 790 million tokens for ecosystem growth ($1 billion), and 320 million tokens for private placement ($400 million).

The specific release curve is as follows:

One Week Token Unlock: ONDO Will Unlock Tokens Worth Over $2.4 Billion

QAI

Project Twitter: https://x.com/QuantixAI

Project Official Website: https://quantixai.io/

Unlock Quantity: 230,000 tokens

Unlock Amount: Approximately $19.64 million

QuantixAI is an AI-driven trading software designed to optimize investment strategies through algorithms and data analysis, providing traders and investors with market insights and automated trading solutions to enhance decision-making and efficiency.

The unlock amount in this round is relatively small compared to mainstream tokens, mainly concentrated in the "Trading Bot Fund," totaling 176,000 tokens, valued at approximately $14.94 million.

The specific release curve is as follows:

One Week Token Unlock: ONDO Will Unlock Tokens Worth Over $2.4 Billion

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