ADA Finance outlasted tough competition and won the “Best DeFi project of the Year” award at the 2021 Malta AIBC Summit. The altcoin project also welcomed Roger Ver as a new investor, alongside a number of other ecosystem enhancements. For details cryptocoin.comKeep watching.
Award-winning altcoin
A DeFi ecosystem powered by ADA Finance, Cardano, and Avalanche. The other good news was that Bitcoin investor Roger Ver (Bitcoin Jesus) joined the project as an investor. With these two announcements, ADA Finance is now ready for further scope and development. At this leading event in Europe, ADA Finance has managed to outrun serious competition for the highly coveted award. ADA Finance now joins previous winners of the award, such as stablecoin platform MakerDAO and AI-powered DeFi portfolio project SingularityDAO.
Structure of the ADA Finance ecosystem
Early (2011) Roger Ver, a crypto investor and former CEO of Bitcoin.com, has recently started showing interest in the DeFi industry. Ver has previously invested in Ripple (XRP), Kraken, Shapeshift and Bitpay. It has now made a significant investment in decentralized oracle service provider XFai, in addition to ADA Finance. The highlight for ADA Finance is the decision to publish its code in a public repository. Now it’s the first Cardano-based project to make such an innovative move. This means that anyone can fork as long as they make the staking code public. The action reflects Cardano’s values of openness, trust and fairness, which paves the way for growth and adoption. The ADA Finance team hopes that the pioneering move will inspire other projects in the Cardano ecosystem to do the same.
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