@nathanlallman @0xSmerfik @OndoFinance @Securitize maybe you can answer out this one ser:
https://t.co/RFJFHDLcdY
SPDR S&P 500 Tokenized ETF (Ondo) Live Price data
Today's price of SPDR S&P 500 Tokenized ETF (Ondo) Is $ 678.09 (SPYon/USD). With A Market Cap Of $ 27.10M USD. 24-Hour Trading Volume Of $ 2.38M USD, A 24-Hour Price Change Of -1.21%, And A Circulating Supply Of 39.96K SPYon.
SPDR S&P 500 Tokenized ETF (Ondo) SPYon Price History USD
Track the price of SPDR S&P 500 Tokenized ETF (Ondo) for today, 7 days, 30 days and 90 days
Period
Change
Change (%)
Today
0
-1.21%
7days
--
--
30days
--
--
90days
0
-1.08%
Own SPYon Now
Buy and sell SPYon easily and securely on BitMart.
SPDR S&P 500 Tokenized ETF (Ondo) Market Information
$ 672.58 24h Range $ 687.46
All time high
$ 700.24
All time low
$ 671.71
24h Change
-1.21%
24h Vol
$ 2,382,277.26
Circulating supply
39.96K
SPYon
Market cap
$ 27.10M
Max supply
--
Fully diluted market cap
$ 27.10M
Trade SPYon
SPDR S&P 500 Tokenized ETF (Ondo) X Insight
User is concerned about the 1:1 backing and liquidity of Ondo Finance's SPYon token, believing it hinders mass adoption.
For example I checked out @OndoFinance SP500 ticker SPYon which has a mcap of 25m.
Let's say I mint SPYon for $5m. I now own 16% of the total share of SPYon. My biggest concern is if I am always backed 1:1? Or if there are liquidity issues?
Not only my concern, but it is what preventing us from massive adoption I think.
The screenshare shows 1:1 conversion, but I am just curious if it works like this in practice too with higher amounts.
@Route2FI @0xSmerfik @OndoFinance @Securitize What about this makes you think it is going to be better? This is going to be fully permissioned.
49 days ago
Trend of SPYon after release
No Data
Bearish
User is concerned about the 1:1 backing and liquidity of Ondo Finance's SPYon token, believing it hinders mass adoption.
Price Prediction
When is a good time to buy SPYon? Should I buy or sell SPYon now?
When deciding whether it’s a good time to buy or sell SPDR S&P 500 Tokenized ETF (Ondo) (SPYon), it’s important to first align with your own trading strategy and risk profile.Long-term investors and short-term traders often interpret market conditions differently, so your decision should reflect your personal approach. According to the latest SPYon 4-hour technical analysis, the current trading signal is Hold. According to the latest SPYon 1-day technical analysis, the current signal is Hold.
Beacon Prediction
Probabilistic Price Forecast (Next 24 Hours)crypto.loading
About SPDR S&P 500 Tokenized ETF (Ondo)
SPDR S&P 500 Tokenized ETF (Ondo) (SPYon) is a cryptocurrency and operates on the Ethereum platform. SPDR S&P 500 Tokenized ETF (Ondo) has a current supply of 39,960.0123021. The last known price of SPDR S&P 500 Tokenized ETF (Ondo) is 691.51500678 USD and is up 0.08 over the last 24 hours. It is currently trading on 14 active market(s) with $1,694,315.85 traded over the last 24 hours. More information can be found at https://app.ondo.finance/assets/spyon.
Read More
Official Links
Socials
Chain Explorer
Explore More
BM Discovery
New Listing
SOFION SoFi Technologies Ondo Tokenized
0 0.00%
ARMON Arm Holdings plc Ondo Tokenized
0 0.00%
IBMON IBM Ondo Tokenized
0 0.00%
ADBEON Adobe Ondo Tokenized
0 0.00%
NKEON Nike Ondo Tokenized
0 0.00%
TCU29 TCU29
0 0.00%
BIGTROUT The Big Trout
0 0.00%
RUNE THORChain
0 0.00%
GSON Goldman Sachs Ondo Tokenized
0 0.00%
SPOTON Spotify Ondo Tokenized
0 0.00%
