TechFlow news: The Ondo Finance Foundation, an RWA platform, has released a community proposal to unlock the ONDO token. Currently, all ONDO tokens are locked and unlocking requires approval from the majority of ONDO holders. The Ondo Foundation plans to directly submit the proposal to ONDO holders and conduct on-chain voting to lift the global lock.
The total supply of ONDO is 10 billion tokens, with an initial circulating supply of approximately 14.3%, or 1,426,647,567 tokens. Over 85% of the ONDO tokens will initially be locked, with these locked tokens scheduled to unlock at 12, 24, 36, 48, and 60 months following the initial token unlock.
Private investors (excluding CoinList purchasers) and core contributors will be locked for at least 12 months, with their tokens gradually released over the subsequent four years, totaling five years. Participants in the community access sale conducted via CoinList in May 2022 will be fully exempted from the global lock, and their tokens will constitute a significant portion of the initial circulating supply. This proposal aims to provide ONDO holders with a clear path to unlock their tokens while ensuring the long-term growth and health of the ecosystem.
