What is Ondo (ONDO)?
In 2021, a US-based company named Ondo, also known as Ondo Finance, was established to make institutional-grade financial products and services more accessible to everyone using blockchain technology. Ondo's mission is to democratize access to such financial products by combining traditional financial wisdom with innovative blockchain applications. The company has made significant progress in tokenizing securities and developing decentralized protocols that enhance the distribution and utility of these tokens. With a leadership team that includes former members of Goldman Sachs Digital Assets team and partnerships with institutional giants like Blackrock and Morgan Stanley, Ondo is leading the way in integrating real-world financial assets with blockchain technology.
How Ondo (ONDO) Works
Ondo Finance operates at the intersection of traditional finance (TradFi) and decentralized finance (DeFi), offering a unique combination of products and services. The company's core focus is on facilitating the tokenization of securities, including US Treasuries and money market funds, thereby bridging the gap between conventional financial assets and the blockchain world. This tokenization process involves converting financial assets into blockchain tokens, making them accessible and tradable on decentralized platforms. Ondo's OUSG token, for instance, is backed by short-term US Treasuries, managed by BlackRock, and custodied by leading financial institutions such as BNY Mellon and JP Morgan. This approach not only democratizes access to premium financial products but also adds a layer of security and transparency inherent to blockchain technology.
In addition to tokenizing securities, Ondo has developed decentralized protocols to enhance the distribution and utility of these tokens. One such protocol is Flux Finance, a decentralized platform supporting Ondo's tokenized US Treasuries. By leveraging blockchain technology, Ondo ensures that these protocols operate independently, governed by separate entities, maintaining a high standard of security and trust. The company emphasizes transparency and legal compliance, regularly undergoing financial and information security audits and collaborating with reputable institutional partners.
Ondo's approach to cash management is another crucial aspect of its operation. The company recognizes the importance of balancing liquidity and yield and offers products such as OUSG and OMMF that invest in high-quality, liquid real-world assets. This strategy enables effective cash management for both crypto-centric organizations and individuals, providing a safeguard against market volatility and inflation while offering potential returns.
How Many Ondo (ONDO) Tokens Are in Circulation?
ONDO has a total supply of 10,000,000,000. The current circulating supply of ONDO is 1,382,585,827.
How to Buy Ondo (ONDO)
Consider investing in Ondo (ONDO)? It only takes 2 minutes to create an account on Bitget and start trading ONDO.
Check out the available ONDO trading pairs on Bitget!
Spot market
Ondo (ONDO) Resources
Simple 3-step guide to buying ONDO today in São Tomé & Príncipe
Create your free Bitget account
Select a funding method
Complete your Ondo purchase
Step 1: Create a free account on the Bitget website or the app
Step 2: Place an order for Ondo using a payment method of your choice:
Buy Ondo with a debit/credit card
For Visa or Mastercard, select Credit/Debit card, then click Add New Card under the "Buy" tab
Credit/Debit in the Buy Crypto tab of the Bitget app
Credit/Debit in the Buy Crypto tab of the Bitget websiteSelect your preferred fiat currency, enter the amount you wish to spend, link your credit card, and then complete your payment with zero fees.
Add a new card to complete your payment on the Bitget app
Enter your bank card details to complete your payment on the Bitget websiteFor Diners Club/Discover card, click Buy Crypto > [Third Party] in the top navigation bar to place your Ondo order.
How to buy crypto with credit/debit cardBuy Ondo with Google Pay or Apple Pay
Converting your Google Pay and Apple Pay balance into Ondo is easy and secure on Bitget. Simply click Buy Crypto > [Third Party] in the top navigation bar to place your Ondo order.How to buy crypto via third-party gatewayBuy with bank transfer
We accept various payment methods, including iDeal and SEPA for EUR, PIX for BRL, PayID for AUD, UPI for INR, QRIS, DANA, and OVO for IDR, SPEI for MXN, and GCash for PHP. These services are facilitated by Alchemy Pay, Banxa, Mercuryo, and Simplex payment gateways. Simply select Buy Crypto > [Third Party] in the top navigation bar and select a fiat currency to place your Ondo order.Buy Ondo with the fiat balance in your Bitget account
You can Deposit fiat funds using Advcash, SEPA, Faster Payments, or PIX payment gateways to top up your Bitget fiat balance. Then, click Buy Crypto > [Cash conversion] in the top navigation bar to place your Ondo order.P2P trading
With Bitget P2P, you can buy crypto using over 100 payment methods, including bank transfers, cash, and e-wallets like Payeer, Zelle, Perfect Money, Advcash, and Wise. Simply place an order, pay the seller, and receive your crypto. Enjoy secure transactions with escrow protection.How to buy crypto on Bitget P2P
Step 3: Monitor Ondo in your Bitget spot wallet
Bitget—where the world trades Ondo
How to buy Ondo for free
- Learn how to earn Ondo for free through the Learn2Earn promotion
- Earn free Ondo by inviting friends to join Bitget's Assist2Earn promotion
- Receive free Ondo airdrops by joining ongoing challenges and promotions
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FAQ
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A volcanic chain with stunning rock and coral formations, rainforests, and beaches is home to the African island nation of São Tomé Príncipe. São Tomé Príncipe has a population of 227,380 and uses the São Tomé Príncipe Dobra as its official currency. Using the Bitget platform's P2P trading and other crypto deposit features, you may purchase Ondo(ONDO) and other cryptocurrencies in less than 10 minutes.
The official language of São Tomé Príncipe is Portuguese. The Bitget website and app are available in Portuguese.
São Tomé and Príncipe have some beautiful cities such as São Tomé, Santo Amaro, Neves, Santa Cruz, and many others. Wherever you are in São Tomé and Príncipe, you can effectively trade crypto using the Bitget platform.
The country has an equatorial climate with high temperatures, humidity, and rainfall. Because it is mountainous, the south of the main island is wetter than the north. Early June through late September make up the bulk of the dry season. Between the end of December and the beginning of February, there is a second dry season called "Pequenas Gravana." The majority of São Tomé Príncipe's terrain is mountainous. Other substantial amounts of land are covered with rainforests, the majority of which give place to cloud forests at higher altitudes.
After a period of a transitional government, São Tomé and Príncipe achieved independence on 12 July 1975, choosing as the first president the MLSTP Secretary General Manuel Pinto da Costa. São Tomé and Príncipe have some stunning attractions such as Pico Cão Grande, Cascata de São Nicolau, Lagoa Azul, Obo National Park, and Museu Nacional De São Tomé.