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What is the Ondo (ONDO) cryptocurrency?

Ondo Finance is a tokenized securities issuer that was launched in 2021 to bring real-world assets to the DeFi space using blockchain technology. It represents a blend of traditional financial and blockchain applications that seeks to improve the infrastructure and accessibility of financial products. 

Its native and governance token, ONDO, was launched in January 2024 and since its inception, the token has skyrocketed by over 560%. Understandably, ONDO has become popular with crypto users in the DeFi space who believe that the ONDO protocol can boost the overall stability and credibility of the DeFi ecosystem.

Reasons to buy Ondo (ONDO) in India.

• ONDO’s focus on risk isolation and real-world asset (RWA) tokenization

• ONDO is the ideal crypto token for investors looking to diversify into tokenized assets and the DeFi sector.

Three things to know before buying Ondo (ONDO)

• The current ranking of ONDO is #54 based on market cap despite its recent launch in January 2024.

• ONDO token surged over 560% in the past 6 months. 

• ONDO has a market cap of $1.54B, higher than that of many leading tokens.

Highlight

The Ondo Finance was launched in 2021. However, its token ONDO was launched only in 2024. The protocol bridges the gap between traditional finance and blockchain technology.

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₹43.84

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FAQ's

1. What is Ondo crypto?

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Ondo crypto is a cryptocurrency issued by Ondo Finance, which aims to improve market efficiency, transparency, and accessibility. It operates on the Solana blockchain and allows for fast, low-cost transactions. The Ondo token (ONDO) enables users to participate in voting and trading within the ecosystem, with a portion of tokens reserved for ecosystem growth. Ondo Finance also offers financial products like USDY, which provides a yield on USD deposits.

2. How Can I Buy Ondo In India?

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CoinSwitch App helps you buy Ondo in India with ease. You can start buying Ondo with just ₹100. To know more about buying Ondo: Click Here

3. How to Buy Ondo in India Directly?

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To buy Ondo in India directly, you can engage in P2P (Peer to Peer) trade. If there’s somebody you know who already has Ondo, you can buy directly from them.

OR

You can use decentralized exchanges to connect with a seller and buy Ondo from them.

The easiest way to take the simplified route is to download the CoinSwitch App!

4. How to Buy Ondo in India with CoinSwitch?

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You can buy Ondo India in just 4 steps on the CoinSwitch App:

• Open the CoinSwitch App, click on the Market tab from the bottom navigation, and select Ondo.

• Click on the ‘Buy’ button.

• Enter the amount that you would like to buy Ondo for, say ₹100, and click on the ‘Preview Buy button

• Check all the details of your order and proceed by clicking ‘Buy.’

Congratulations, you just bought your first Ondo!

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Disclaimer : Crypto products and NFTs are unregulated and can be highly risky. There may be no regulatory recourse for any loss from such transactions. The information provided in this post is not to be considered as investment/financial advice from CoinSwitch. Any action taken upon the information shall be at user's own risk.

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