Ardana is an on-chain asset-backed stablecoin protocol and decentralized exchange stable asset liquidity pool built on Cardano.
Oct 28, 2021 00:00:00
Oct 28, 2021 00:00:00
ICO Details
What is Ardana?
Ardana is an on-chain asset-backed stablecoin protocol and decentralized exchange stable asset liquidity pool built on Cardano.
Stablecoin
- dUSD is verifiably backed by on-chain collateral and will enable borrowers to take leverage on their ADA or other supported assets.
- DANA token holders can participate in polling and voting to influence the development of Ardana.
- The governance token rewarded to users for supporting the ecosystem through liquidity provision.
- Foreign Exchange
- Swap between international stablecoins such as dUSD, dEUR, dGBP and more.
Key Features of Ardana Stablecoins
● Fully decentralized
● Soft pegged 1:1 to the fiat currency;
● Backed by on-chain assets ● Facilitates lending and borrowing
● Store of value ● Medium of Exchange
● A Unit of Account4
DANA Token Utilities
The Ardana token (DANA) is the utility and governance token of the Ardana ecosystem. It rewards holders with profits from Ardana and provides voting rights on changes to the project’s parameters.
Token holders can vote to:
● Add a new collateral asset type with a unique set of risk variables.
● Change the risk variables of one or more existing collateral asset types.
● Choose the set of Emergency Oracles.
● Decide on freezing compromised oracles.
● Trigger an emergency shutdown.
● Upgrade the system.
Roadmap
Token Distribution
Ticker: DANA
Token price in USD: 1 DANA = 0.6 USD
Token distribution:
Partners and Investors
cFund, David Post, DeFi Capital, Dylan Dewdney, Faculty Group, Kosmos Ventures, Tenzor Capital, Three Arrows Capital