Ondo Finance is a decentralized investment bank that bridges traditional finance and DeFi by offering structured products and tokenized real-world assets. Its native ONDO token serves as the governance mechanism for the Ondo DAO, allowing holders to vote on key protocol parameters.
In May 2022, Ondo Finance conducted a secondary community-focused allocation, known as the Private Tranche Round on CoinList. While the exact allocation size for this specific whitelist event remains an unverified ecosystem rumor, official statements confirm a combined total of over $10 million raised across both CoinList tranches at a $525 million network valuation. This private tranche reportedly offered ONDO tokens at $0.03 to high-karma CoinList users and long-term supporters. Participants were subject to a 12-month lock-up period starting June 1, 2022, followed by an 18-month linear release schedule.
Ondo Finance - Private Tranche Round on CoinList Overview
12-month lock-up from June 1, 2022, then 18-month linear vesting
CoinList
Ondo Finance - Private Tranche Round on CoinList Round Result
How to join Ondo Finance - Private Tranche Round on CoinList?
To participate in the Private Tranche Round on CoinList, users were required to be long-term Ondo supporters on the Priority List or possess high Karma on the CoinList platform. Eligible participants had to complete an advanced KYC process and reside outside of restricted jurisdictions such as the United States, China, South Korea, and Canada. Funding could be provided using USDT, USDC, ETH, BTC, ALGO, or SOL.
The token sale was highly successful, distributing ONDO tokens to over 18,000 purchasers from 145 countries across both tranches. Whitelisted users were able to submit their allocations between $100 and $2,000 through the CoinList portal before the final deadline.
Step-by-step Guide
Register an account on the CoinList platform and complete advanced KYC verification.
Qualify for the Priority List by demonstrating long-term support or accumulating high CoinList Karma.
Fund your wallet with accepted assets such as USDT, USDC, or ETH.
Submit your allocation between $100 and $2,000 before the May 31, 2022 deadline.