Following two successful IDOs and a $10 million private funding round, Ardana, Cardano’s DeFi and stablecoin hub, is excited to announce that its token launch will take place on Monday, 22nd of November on Gate.io, Bitmart and MXEC Global at 2PM UTC.
The $DANA Token
The $DANA utility token is a Cardano native asset and the foundation of the entire Ardana platform. Users can take advantage of the many different features by using the $DANA token for minting, staking, trading, and more within Ardana's DeFi Hub.
Storing your $DANA
Below are two videos explaining how to set up a Cardano wallet address using the Yoroi wallet application where you can store your $DANA tokens off of exchanges.
Standard: https://www.youtube.com/watch?v=j9wvmi0HGu0
Ledger: https://www.youtube.com/watch?v=1X2H4kDckvg
Conclusion
The token launch will take place on Monday, 22nd of November, being the first Cardano native token on Gate, Bitmart and MXEC and that Ardana remains in line with the roadmap as we enter Q4. More details will be announced soon.
About Ardana
Ardana is Cardano’s stablecoin hub, bringing the necessary DeFi primitives needed to bootstrap & maintain any economy to Cardano. Ardana offers an on-chain asset-backed stablecoin and a decentralized stable-asset DEX. The stablecoin is verifiably backed by an excess of on-chain collateral and will enable borrowers to take leverage on their ADA or other supported assets. The DEX is a highly capital efficient exchange enabling swaps with minimal slippage & fees while providing low-risk yield opportunities to liquidity providers.
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Disclaimer: This is a press release published via a crypto-focused newswire.
