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What is Ardana?
Ardana is the first all-in-one Stablecoin ecosystem built on the Cardano blockchain.
The project’s token is DANA which was successful in IDO and the round sale announced the listing of the token on the exchanges on November 22, making the community extremely excited.
Users can avail various features by using DANA Token for minting, staking, trading and more.
What is special about Ardana?
Ardana is building 2 main products:
One stablecoin is called dUSD and Two is a decentralized exchange (DEX) called Danaswap.
- Stablecoins will allow borrowers (borrowers) Cardano ecosystem tokens like ADA.
- On the other hand, the DEX is Danaswap which will allow users to trade tokens, earn interest on dUSD deposits and earn rewards with Ardana’s DANA token for providing liquidity.
Users will be able to create a variety of stablecoins with dUSD being the top stablecoin at launch.
Ardana Dollar (dUSD) is a collateral-backed decentralized cryptocurrency. dUSD is held in crypto wallets or in platforms and is supported on Cardano.
Danaswap is a DEX designed to achieve high speed and extremely low slippage between stablecoins and stable assets using multi-asset liquidity pools.
Danaswap is an AMM that automatically adjusts pool liquidity within a fixed range to create tight spreads between assets in the pool. This allows swaps to be subject to minimal slippage & fees without impacting the revenue of LPs (liquidity providers).
Watch now: What is Automated Market Marker (AMM)? The most detailed explanation
- Ticker: DANA
- Blockchain: Cardano
- Token Standard: Updating…
- Contract: Updating…
- Token type: Utility, Governance.
- Total supply: 125,000,000 DANA
- Circulating Supply: Updating…
- Token Sale: 28.5%
- Exchange Liquidity: 5%
- Founders, Teams and Advisors: 15%
- Ecosystem Development and Treasury: 11.5%
- Liquidity Mining Rewards: 40%
Token Release Schedule
- Seed Sale Price: 0.24$
- Private Sale Price: 0.3$
- Public Sale Price: 0.6$
Token Use Case
The DANA Token gives distributors access to a fraction of the fees from Ardana and allows DANA holders to vote on changes to project parameters.
Users will acquire DANA on the market or through participating in any Ardana liquidity mining program.
To perform the administration and utility of DANA, users will have to lock their DANA in the Ardana Reward Enhancement Module (AREM), in return they will receive exDANA.
So what is exDANA?
Access to Ardana’s special features is done using an extra token – exDANA. exDANA holders are entitled to participate in governance, receive a prorated share of the protocol revenue and enjoy increased Apy DANA levels from qualifying participation in Ardana liquidity mining programs.
On which exchange is DANA traded?
The project website announced that DANA will be listed on 3 exchanges: MEXC, Gate, Bitmart on 11/22/2021, You can register for an account and buy DANA here.
Where is DANA Token stored?
Can be stored at the exchange where you bought DANA, with full security and kyc notes.
The Ardana team includes talented people from students and ambassadors of reputable blockchain projects and companies such as Apple, Microsoft, State Street, Mina Protocol, Cardano, etc.
- Ryan Matovu (Founder): Serial entrepreneur in B2B/B2C sales and e-commerce. Leadership positions in various Ethereum-based projects.
Isaac Shapira (CTO): Founder of Platonic.Systems, a leading functional programming company. Senior software developer roles at various leading technology companies.
Derek Evans (COO): Over 20 years in software leading business ventures. Private traders and fund managers in the financial derivatives market.
Ardana has raised $10 million in an investor private round led by Three Arrows Capital. Morningstar Ventures, Mechanism Capital also participated in the funding round. Other top VCs are illustrated.
The goal of the Ardana platform is to create an ecosystem that can provide financing options to token holders while also providing them with the opportunity to earn. Matovu (project founder) and his associates have achieved this goal by leveraging the power of the Cardano ecosystem. An ecosystem that is truly exploding.
And you, how do you rate this project? Please consider the article as reference information and not investment advice. Thanks!
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