With a financial system that is highly regulated and controlled by a few, most investors are left with only two choices – ignorance or despair. There is no gainsaying that the future of finance is in cryptocurrencies. It’s an industry where everyone has equal chances, and no one accumulates power or wealth on the back of others, and this is what Aada Finance hopes to create in a more improved and unique means.
The crypto-assets lending platform initiated its Golden Round Public sale on December 17th. As was promised by the platform developers, the sale was built on Cardano Mainnet and free from other platforms, free of marketing spending, and free of inequality with no single outage. A limited supply of 500,000 AADA tokens was sold at $0.35 per token during the sale, which took 87 minutes to hit the hard cap forcing the sale to a close.
At the end of the Golden Round Public sale, the Team of Aada Finance had this to say, “Congratulations to everyone with a successful Golden Round Completion, from the first day of Aada Finance, we put our community above VCs, and ourselves when it comes to a fair launch. The fair token launch through SPO and NFT tickets was the decision not to utilize the community but to enable it.”
Aada is a decentralized money market protocol that enables users to lend and borrow cryptocurrencies in a trustless manner. It is essentially a crypto-assets lending platform that uses Smart Contract to deposit assets and collect interests or borrow assets and perform financial actions. There is a wide variety of cryptocurrencies to choose from. With the addition of the Cardano ERC20 converter, Aada will bring must-have functionality to the DeFi ecosystem, which will bring massive asset amounts into the cheaper-to-transact Cardano blockchain.
A first-of-its-kind DeFi lending protocol on Cardano, Aada will help users to:
- Lend cryptocurrencies and earn interests
- Borrow by providing over collateralized assets
- Borrow undercollateralized (a.k.a flashloan)
- Swap deposited assets through flashloans which will allow users to swap deposited assets without withdrawing instantly and re-depositing
In the concluded IDO sale, Four hundred ninety-one wallets participated with a minimum allocation of 359.45 AADA and a maximum allocation of 1080.0 AADA. All participants in the sale received a Proof of Purchase (PoP) that they will be able to exchange for AADA on February 10th, 2022.
According to the Team of Aada Finance, there will be a Silver Round Public Sale in 2022, which will be held on a date decided by the community. “Golden round gave us a lot of technical and community feedback that we will use on the Silver round. Thus Silver round will be designed in a way that everyone holding any Silver ticket will be able to participate,” affirmed by the Team.
The ultimate goal of Aada academy is to build a strong and vibrant DeFi community. Join the community today and be a part of a revolution in the crypto market. Visit to www.aada.finance