CONDO is a meme coin on the Base chain, launched in April 2024. It integrates Real-World Assets (RWAs) into its investment strategy, with inspiration from Ondo Finance's Nathan. It aims to combine the playful nature of meme coins with the tangible value of real-world assets.
CONDO operates on the Base chain, focusing on integrating real-world asset investments into its strategy. This involves building a treasury by allocating funds to top RWA projects and investing in DeFi/RWA protocols. The coin also includes features such as planned DAO governance, buy-back and burn mechanisms, staking, and rewards for long-term holders.
CONDO serves various use cases including acting as an incubator for pioneering RWA projects, investing in leading RWA products, and engaging its community through activities such as quests and airdrops. It has potential applications in real estate by democratizing investment access and in finance by making real-world asset investments more accessible and efficient.
CONDO was launched in April 2024, with its concept drawing from the playful 'ondo = condo' meme within the Ondo community. The launch included a transparent token allocation plan to ensure fair distribution. It has gained a passionate community and continues to grow its market presence. Specific technology evolution details are not provided, but it operates on the Base chain.