ADADAO collaborates with: BlueZilla for IDO on its platforms. BlueZilla has announced to perform the IDO on ADAPad† BSCPadand VelasPad launch pads. IDOs in the BlueZilla ecosystem have a great reputation. For example, the average ROI on BSCPad is 6400%. ADADAO is expected to follow the same trend as other BlueZilla projects and offers a great opportunity for early participation on day one.
ADADAO is a DeFi protocol on the Cardano blockchain that allows the creation of fully collateralized stable coins using Native Cardano Assets. AUSD is the stablecoin generated using this protocol, which is overcollateralized on-chain using Bluechip Cardano assets. ADAO is the utility and governance token that allows users to decide how the protocol functions and also gives them a share of the fees raised through the protocol.
IDO date: Monday 21 March
Eligible Stake Payout: Monday, March 21, 05:00 UTC
Public Sale Token Price: $0.038 USD
Allocation round opens: Monday, March 21, 08:00 UTC
#BSCPAD FCFS Round: Monday 21 March† 13:00 UTC
#ADAPAD FCFS Round: Monday 21 March† 13.10 UTC
#VelasPAD FCFS Round: Monday 21 March† 13:20 UTC
Offer: Monday 21 March
PancakeSwap Launch: Monday, March 21, 15:00 UTC
AstroSwap launch: Monday March 21, 15:30 UTC
Maximum Token Supply: 500,000,000 $ADAO
Circulating offer with offer: 16,875,000 ADAO
Market capitalization at listing: $619,000 USD
About ADADAO
ADADAO ($ADAO) is a DeFi protocol on Cardano blockchain that allows the creation of fully collateralized stable coins using Native Cardano Assets. ADADAO functions as a DAO (Decentralized Autonomous Organization).
The ADADAO ecosystem has two tokens:
ADAO: what is the governance token of the adadao protocol
AUSD: which is the stable coin pegged to usd that can be borrowed by collecting native Cardano assets such as ADA.
The protocol has a unique design with the following notable features:
It is interest free: There is a one-time fee for using the protocol and then the borrower can hold the loan for as long as they want, provided they keep the collateral.
Liquidations are done through the stability pool: It is a pool of user-deployed AUSD stablecoins that facilitate the liquidations at a fixed price. The liquidation fine realized during the process will be distributed proportionally among the strikers.
BlueZilla – A force to be reckoned with
BlueZilla is a blockchain incubator that helps some of the industry’s most advanced projects get off the ground through its launch pads: BSCPad, Tronpad, ETHPad, KCCPad, NFTLaunch, ADAPad, VelasPad, GameZone, PulsePad, DotPad, and MetaVPad. In this way, they provide security to investors, while enabling them to participate in the early stage investments of their partner companies. The platform is a renowned incubator that nurtures and supports the ideas of the founders before providing further development, legal, technical and marketing support as the project makes its way.
The ultra-high demand for tokens launching on BlueZilla has resulted in huge ROIs in its IDOs. For example, WagyuSwap, a DEX on Velas, has an ROI of 106X and is in TronPad territory, which rose about 255X. One notable achievement so far has been the vertical rise in ETHPad’s $ETHPAD, which currently has an ROI of around 170X. Recently MetaVPad did a 1290x, Valhalla and Astroswap did 630x and 527x respectively.
Disclaimer: This is a paid post and should not be treated as news/advice.