ChainCatcher news, ether.fi posted on social media that Ondo Finance is this week's Staking Fren. From May 13, 8:01 AM Beijing time to May 18, 7:59 AM, users' new deposits will automatically receive an airdrop of ONDO tokens worth a total of $500,000.In addition, users will receive 1 ETHFI daily as a staking reward for every 1 ETH staked, and ETHFI and ONDO rewards will be sent in about 10 days.

ChainCatcher news, according to CoinMarketCap data, the price of Ondo token (ONDO) is currently $0.1981, with a 24-hour increase of over 104%.

ChainCatcher news, the RWA platform Ondo Foundation stated on social media that it will unlock ONDO tokens on January 18.It is reported that the total supply of ONDO is 10 billion tokens, with an initial circulation of 1,426,647,567 tokens, and over 85% of ONDO tokens were initially locked.

ChainCatcher news, according to official sources, the RWA protocol Ondo Finance's related organization, the Ondo Foundation, has initiated a proposal to unlock ONDO tokens. ONDO will serve as the governance token for Ondo Finance.According to the ONDO tokenomics, the total supply of ONDO is 10 billion tokens, with the distribution plan as follows: Community access sale: 198,884,411 (~2.0%); Ecosystem growth: 5,210,869,545 (~52.1%); Protocol development: 3,300,000 (33.0%); Private placement: 1,290,246,044 (~12.9%).It is reported that the Ondo Foundation was established in 2022 as an independently managed non-profit foundation company in the Cayman Islands. The foundation acquired the issuance rights of ONDO tokens from Ondo Finance. In mid-2022, the Ondo Foundation sold ONDO tokens to over 18,000 individuals through its subsidiary via CoinList.