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Tokenized real-world asset issuer Ondo Finance conducted its token sale in May 2022, and early apes have been waiting nearly a year and a half for liquidity! Today, they finally received it. How can you capitalize on the ONDO opportunity?
The 18k individual participants in Ondo’s CoinList token sale were promised their tokens would begin to unlock last June, but all ONDO tokens were subject to a global lock-up that could only be removed by majority ONDO token holder vote.
This condition meant that ONDO purchasers were reliant on the Ondo Foundation, the same group that had acquired ONDO token issuance rights from Ondo Finance and sold a portion of the tokens on CoinList, to put forward a proposal to release their tokens from the global lock-up, an action the Foundation took on December 27.
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