Convert and Swap Ondo Finance ONDO to Indian Rupee INR
ONDO/INR: 1 Ondo Finance equals ₹136.40 INR
Last update: 10:51 PM, December 22, 2024
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Ondo Finance is falling this week.
The current price of Ondo Finance is ₹136.40 per ONDO. With a circulating supply of 1,389,759,838.478 ONDO, it means that Ondo Finance has a total market cap of ₹189,611,639,431.10. The amount of Ondo Finance traded has fallen by ₹8,379,129,849.37 in the last 24 hours, which is a 36.87% decrease. Additionally, in the last day, ₹22,724,569,576.96 worth of ONDO has been traded.
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About Ondo Finance
Ondo Finance was created to bring institutional-grade financial products onchain, including tokens backed by U.S. Treasuries. Flux Finance is a decentralized lending platform that supports Ondo Finance’s tokenized U.S. Treasuries. ONDO is used to govern the Ondo DAO and the Flux Finance protocol.
Ondo Finance is a decentralized autonomous organization (DAO) that aims to democratize access to institutional-grade finance. The ONDO token, the governance token of Ondo Finance, plays a crucial role in shaping the future of the organization. ONDO token holders are granted specific rights related to Flux Finance, which is currently governed by the Ondo DAO. The initial token supply of ONDO is 10 billion, with no planned inflation. The Ondo Foundation, a nonprofit entity based in the Cayman Islands, supports the mission of Ondo Finance, focusing on areas such as innovation, education, treasury management, contract deployment, strategic partnerships, and community engagement.
Ondo Finance operates through a governance process that typically follows a two-stage process: a forum discussion and an on-chain vote. The DAO parameters are set to ensure a fair and efficient governance process. The proposal threshold, voting period, quorum, and timelock are all integral parts of the governance process. ONDO token holders can exercise control over the protocol, including economic parameters and smart contract upgrades, through on-chain governance proposals. The DAO may also elect committees or multisigs to manage certain processes, such as updating certain economic parameters or pausing the protocol in critical times.
Ondo Finance seeks to usher in a new era of financial inclusivity and market efficiency through on-chain institutional-grade financial products and services. It aims to advance the adoption of tokenized real-world assets (RWAs) and their use in on-chain financial protocols. The Ondo Foundation also focuses on increasing public understanding of the ecosystem and the benefits of asset tokenization. Furthermore, it oversees a treasury to facilitate strategic ecosystem growth, issues governance tokens, deploys protocol smart contracts, and hosts web applications for certain platforms in the ecosystem.
Ondo Finance has a history marked by community involvement and strategic decision-making. A pivotal moment in its history was the lifting of restrictions on transferring the ONDO token on January 18, 2024, following a decisive vote by the DAO. This decision not only unlocked the token but also established a structured distribution schedule for the ONDO token, aligning with the community's consensus. The Ondo Foundation, a Cayman Islands Foundation Company, was established with a mission to support the goals of Ondo Finance. The foundation has no beneficial owners and is specifically focused on several key areas to support the growth and development of the Ondo Finance ecosystem.
How Ondo Finance and Indian Rupee differ
Ondo Finance (ONDO) and the Indian Rupee (INR) are two distinct forms of currency, each with its unique characteristics and uses. Ondo Finance is a decentralized autonomous organization (DAO) that aims to democratize access to institutional-grade finance through its governance token, ONDO. This token allows holders to participate in shaping the future of the organization, including influencing economic parameters and smart contract upgrades. On the other hand, the Indian Rupee is a traditional, centralized form of currency regulated by the Reserve Bank of India. Unlike ONDO, the INR does not offer holders any governance rights or influence over its value or distribution. Furthermore, Ondo Finance operates on a blockchain, ensuring transparency and eliminating the need for intermediaries, while the INR operates within a traditional banking system. Lastly, Ondo Finance seeks to advance the adoption of tokenized real-world assets and increase public understanding of the ecosystem, whereas the INR is used for everyday transactions and does not have a similar focus on education or asset tokenization.
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ONDO to Indian Rupee conversion tables
The exchange rate of Ondo Finance is decreasing.
The current value of 1 ONDO is ₹136.40 INR. In other words, to buy 5 Ondo Finance, it would cost you ₹682.02 INR. Inversely, ₹1.00 INR would allow you to trade for 0.0073 ONDO while ₹50.00 INR would convert to 0.3666 ONDO, not including platform or gas fees.
In the last 7 days, the exchange rate has fallen by 21.37%. Meanwhile, in the last 24 hours, the rate has changed by 4.28%, and that the the highest exchange rate of 1 ONDO to Indian Rupee was ₹145.87 INR and the lowest 24 hour value was 1 ONDO for ₹133.79 INR. This time last month, the value of 1 ONDO was ₹87.84 INR, which is a 54.62% decrease from where it is now. Looking back a year, Ondo Finance has changed by ₹24.94 INR.
ONDO to INR performance history
Price 24H ago | Change 24H | Price 1W ago | Change 1W | Price 1M ago | Change 1M | Price 1Y ago | Change 1Y |
|---|---|---|---|---|---|---|---|
₹142.81 INR | -4.28% | ₹171.48 INR | -21.37% | ₹87.84 INR | 54.62% | ₹24.94 INR | 459.35% |
ONDO to INR
Amount | Today at 10:51 pm |
|---|---|
0.5 ONDO | ₹68.20 |
1 ONDO | ₹136.40 |
5 ONDO | ₹682.02 |
10 ONDO | ₹1,364.03 |
50 ONDO | ₹6,820.16 |
100 ONDO | ₹13,640.32 |
500 ONDO | ₹68,201.58 |
1,000 ONDO | ₹136,403.17 |
INR to ONDO
Amount | Today at 10:51 pm |
|---|---|
0.5 INR | 0.0037 ONDO |
1 INR | 0.0073 ONDO |
5 INR | 0.0367 ONDO |
10 INR | 0.0733 ONDO |
50 INR | 0.37 ONDO |
100 INR | 0.73 ONDO |
500 INR | 3.67 ONDO |
1,000 INR | 7.33 ONDO |
Today vs. 24 hours ago
Amount | Today at 10:51 pm | 24 hours ago | 24H Change |
|---|---|---|---|
0.5 ONDO | ₹68.20 | ₹71.27 | -4.30% |
1 ONDO | ₹136.40 | ₹142.54 | -4.30% |
5 ONDO | ₹682.02 | ₹712.69 | -4.30% |
10 ONDO | ₹1,364.03 | ₹1,425.38 | -4.30% |
50 ONDO | ₹6,820.16 | ₹7,126.92 | -4.30% |
100 ONDO | ₹13,640.32 | ₹14,253.85 | -4.30% |
500 ONDO | ₹68,201.58 | ₹71,269.23 | -4.30% |
1,000 ONDO | ₹136,403.17 | ₹142,538.47 | -4.30% |
Today vs. 1 month ago
Amount | Today at 10:51 pm | 1 months ago | 1M Change |
|---|---|---|---|
0.5 ONDO | ₹68.20 | ₹44.11 | +54.63% |
1 ONDO | ₹136.40 | ₹88.21 | +54.63% |
5 ONDO | ₹682.02 | ₹441.05 | +54.63% |
10 ONDO | ₹1,364.03 | ₹882.11 | +54.63% |
50 ONDO | ₹6,820.16 | ₹4,410.53 | +54.63% |
100 ONDO | ₹13,640.32 | ₹8,821.06 | +54.63% |
500 ONDO | ₹68,201.58 | ₹44,105.31 | +54.63% |
1,000 ONDO | ₹136,403.17 | ₹88,210.62 | +54.63% |
Today vs. 1 year ago
Amount | Today at 10:51 pm | 1 year ago | 1Y Change |
|---|---|---|---|
0.5 ONDO | ₹68.20 | ₹12.72 | +436.25% |
1 ONDO | ₹136.40 | ₹25.44 | +436.25% |
5 ONDO | ₹682.02 | ₹127.18 | +436.25% |
10 ONDO | ₹1,364.03 | ₹254.37 | +436.25% |
50 ONDO | ₹6,820.16 | ₹1,271.83 | +436.25% |
100 ONDO | ₹13,640.32 | ₹2,543.66 | +436.25% |
500 ONDO | ₹68,201.58 | ₹12,718.28 | +436.25% |
1,000 ONDO | ₹136,403.17 | ₹25,436.57 | +436.25% |
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