Ardana is a Defi hub with strong potential. The team has built it on the Cardano blockchain. This platform offers Cardano’s users tried and tested Defi primitives. The latter will catalyze and sustain its financial ecosystem. According to the team, Ardana is the first decentralized stablecoin platform that enables customers to leverage supported Cardano native assets by generating stablecoins against them. The second one is Danaswap, which allows high-efficiency swaps between stable asset-sets, along with offering a venue for liquidity providers to earn trading fees and various DANA rewards for their liquidity provisioning.
Furthermore, Ardana is an ecosystem of independently functioning but symbiotically operating Defi protocols on the Cardano blockchain. The team designed Ardana and its constituent protocols individually but with collective traits so that they could function as a financial base layer for the nascent Cardano decentralized economy. The company is using historically proven protocol models based on stability, capital efficiency, and composability to achieve that goal.
Ardana will enable its customers to generate stablecoins against locked on-chain collateral. As a result, investors will be able to generate various currency stablecoins. The Ardana Dollar will be the premier stablecoin at launch, though. The Ardana Dollar (also called dUSD) is a decentralized, on-chain, and unbiased cryptocurrency. It is also collateral-backed and soft-pegged to the U.S. Dollar. The users can hold dUSD in cryptocurrency wallets or within platforms, and it is supported on Cardano.
What about Danaswap?
Danaswap is a decentralized exchange. The team designed it to achieve high-speed and ultra-low slippage multi-asset swaps between stable assets using multi-asset liquidity pools and stablecoins. Danaswap is also an automated market maker. That means it automatically adjusts the concentration of a pool’s liquidity within a fixed range. Consequently, it creates a tight spread between assets in the liquidity pool. That enables swaps to incur minimal slippage and fees without reducing the revenue of liquidity providers.
The Ardana team is launching its token on October 28, 2021. DANA token is very popular. It is listed on the top ICO listing websites. The token’s price is 0.60 USD per DANA during the initial coin offering. The company aims to raise 1,666,666 with the sale, and it accepts ETH, USDT, and USDC in exchange for its native coin.
The Scallop’s ICO is also in the spotlight
The Scallop is an innovative fintech decentralized ecosystem. The founder team has built it to offer people a more efficient and faster way to manage crypto and fiat currencies in a single place securely. This robust platform combines decentralized financial services with banking features such as cards, bank accounts, remittances, and much more. Its goal is to promote the general usage of crypto in daily life. Moreover, the company wants to bring digital assets into mainstream use and even accelerate the transition to a decentralized and more equitable ecosystem.
Scallop recently announced that its utility coin SCLP would be an ERC-20 and BEP token. It will also be an integral part of the Scallop ecosystem. Token holders can use SCLP for staking and as payment of transaction fees or receive the tokens as trading bonus payments.
This platform offers traditional banking services with a strong crypto and Defi integration for both institutions and individuals. Thus far, it’s the only banking service to directly connect banking accounts to digital or hardware wallets, as well as facilitate seamless crypto to fiat or fiat to crypto transactions.
What about Scallop’s features?
Scallop offers various interesting products and features, such as Scallop Pay, Scallop Cards, or Scallop Chain. The first one is a payment gateway for businesses to exchange crypto to fiat and vice versa and receive payments from customers. The second one enables users to pay for any goods or services online by using digital assets. And the third one is the first regulated blockchain worldwide that will overlay the entire Scallop banking ecosystem.
Scallop Chain can power cross-chain financial applications. It also allows institutional partners to design and deploy secure custody services, debit cards, interest-bearing savings accounts, and a fiat on-ramp to digital currencies.
The company is launching its ICO on October 27, 2021. The sale will end on October 29, 2021, though. The token price will be $0.150000 per SCLP during the initial coin offering. Scallop aims to raise $150,000 in the first stage, and it will accept BNB in exchange for SCLP.
What is Swash, and what does it offer?
Swash is a blockchain service. It enables all actors of the data economy to access, earn, build, and collaborate in a liquid digital ecosystem for data. The company is launching its native token on October 29, 2021. SWASH is a BEP-20 token, and its price will be 0.09 USD during the initial coin offering. The team aims to raise 50,000,000 with the sale. The total supply of tokens is 1,000,000,000, though.
Thanks to the Swash platform, users will have access to the next generation of data solutions through new incentivization streams, as well as a collaborative development framework. It will enable developers, individuals, and businesses to cultivate new realities of value creation and data ownership.
The individual users will be able to regain ownership and receive passive income as they surf the web, exchange data value for alternative ecosystem benefits, and collectively invest the value of data into social development. On the other hand, the businesses will get access to high-quality, zero-party data at scale. They will also save time and money by eliminating intermediaries, reducing bots and ad fraud. Swash will enable companies to improve the reputation and sustainability of business practices.
On the other hand, developers will have a chance to accelerate innovation due to improved access to diverse data and become part of a new generation of data solutions. They will acquire new users through incentivization mechanics and communication.
What is Swash’s vision?
The founder team created the Swash browser extension in 2019 as an example of the world’s first digital Data Union. Since then, the Swash community has grown rapidly, amassing over twenty-five thousand users around the world. The company takes a research-based approach. It has already conducted and participated in several studies in the emerging realm of data ownership and data monetization.
It aims to help create a new, more dignified internet and enrich its users in the process. Furthermore, Swash redefines how data is collected and valued. It balances the power dynamic between online platforms and the people they serve.
Get the latest economy news, trading news, and Forex news on Finance Brokerage. Check out our comprehensive trading education and list of best Forex brokers list here. If you are interested in following the latest news on the topic, please follow Finance Brokerage on Google News.