Adadao is the first interest-free stablecoin protocol in the world. It is built on Cardano. Its IDO took place a few days ago, and it has been surging since then. The token surpassed a daily volume of $10 million on the very first day of its launch.
Without a doubt, Cardano's surge has contributed to its price growth. Look no further than this short article for the details on Adadao: what it is, is it worth investing in, and the top places to buy Adadao.
Top places to buy Adadao now
As ADAO is such a new asset, it's yet to be listed on major exchanges. You can still purchase ADAO using a DEX (decentralised exchange) though, which just means there are a few extra steps. To buy ADAO right now, follow these steps:
1. Buy BNB on a regulated exchange or broker, like Binance ›
We suggest Binance because it's one of the world's leading multi-asset trading platforms, an exchange and wallet all-in-one with some of the lowest fees in the industry. It's also beginner-friendly, and has more payment methods available to users than any other available service.
2. Send your BNB to a compatible wallet like Trust Wallet or MetaMask
You'll need to create your wallet, grab your address, and send your coins there.
3. Connect your wallet to the 1Inch DEX
Head to 1Inch, and 'connect' your wallet to it.
4. You can now swap your BNB for ADAO
Now that you're connected, you'll be able to swap for 100s of coins including ADAO.
What is Adadao?
Adadao is a DeFi protocol on Cardano, which uses native Cardano assets to facilitate the creation of fully collateralized stablecoins. It functions as a DAO. The governance and utility token enables ecosystem participants to decide on the ways in which the protocol will work.
They also receive a portion of the fees raised through the protocol, which is based on smart contracts and completely trustless. It is also the first stablecoin project in history based on interest-free borrowing, which brings a mobile, non-volatile, accessible asset to market.
Adadao is verifiably asset-backed. The initial project development is being managed by the ADADAO foundation, which plans to gradually transfer this task to the community.
Should I buy Adadao today?
Nothing can substitute doing your own research. Any investment decision you make should be based on your market expertise, your attitude to risk, and the features and spread of your portfolio. Also, consider how you would feel about losing money.
Adadao price prediction
Very few analysts have committed to a price prediction as Adadao is such a new asset. Digital Coin Price predicts a minimum price of $0.0887 in January next year. That month, it will trade for an average of $0.0981. The maximum it can go up to is $0.11.
In December 2023, the minimum price will be $0.0871. The token won’t be able to push past $0.11, according to this analyst.
Adadao on social media
No 1 in Cardano and also the only one representing Cardano in the top 10. 🔥@cardano_whale @CardanoStiftung @InputOutputHK @BlueZillaVc @CardanoDeFiCDA @Cardano @CardanoBuilt @CardanoDeFiCDA @IOHK_Charles#adadao #cardano #crypto https://t.co/LzsZiVRAAT
— ADADAO 💱 – CARDANO (ADAO – AUSD) (@adadao_org) March 22, 2022