Although the markets are complicated after the news that Russian oil will be banned from the US side, developments on a macro scale have increased the price of Bitcoin (BTC) and the price is now above $ 42,000, gold prices are still quite high, although they have fallen a little in the shadow of the ceasefire agreements in Russia. On the other hand, according to Bloomberg analysts, although Ethereum (ETH) is at good levels right now, he believes that the bear market can bring the price down to $ 1700.
Known for sharing too many unknown altcoins when the markets are so complicated Joe Parysshared a new altcoin prediction.
Adadao (ADAO)
Paris, Adadao (ADAO) While sharing his opinions about it, he talked about a new project that you think could happen very quickly with the possibility of gaining 5 times or 10 times value. ADAO is a decentralized finance protocol on the Cardano blockchain that leverages Native Cardano Assets and facilitates the creation of fully collateralized stablecoins.
The project’s IDO (Initial Decentralized Exchange Offering) date has been determined as Monday, March 21. Adadao will be released on BSC pad, ADAPad and VelasPad to join the whitelist.
“ADAO can potentially help you multiply your money with crypto. Adadao is the world’s first interest-free stablecoin protocol built on Cardano (ADA). Adadao will be a protocol that facilitates the creation of fully collateralized stablecoins leveraging native Cardano assets.”
Adadao can also stand out as the first Cardano stablecoin with usable and sustainable features.
Adadao will operate as a decentralized protocol, which means it is a completely “trustless” protocol based on smart contracts. It will also be the first ever interest-free, borrowing-based stablecoin project and will build on Cardano and bring a mobile and accessible stablecoin free of volatility to the Cardano ecosystem.
USD stablecoina soft-packed cryptocurrency will be decentralized neutral collateral backed and can be stored in your wallet or other user platforms.
The ADAO token will be a governance token that will reward holders with profits from ADAO and allow holders to vote on changes to the project’s parameters and protocols with currently popular decentralized stablecoins.
ADADAO will allow users to create a vault and place collateral, create AUSD from a secured vault, pay off debt and withdraw collateral.
https://www.youtube.com/watch?v=ROoxSUvXuoU
Disclaimer: What is written here is not investment advice. Cryptocurrency investments are high-risk investments. Every investment decision is under the individual’s own responsibility. Finally, Koinfinans and the author of this content cannot be held responsible for personal investment decisions.