BitWell Research – Cardano (ADA) Project Analysis

1.Brief Comment

Cardano was founded more than 6 years ago, for coin holders, ADA can still only be used to pledge Staking, but now Cardano has completed Alonzo hard fork upgrade and officially entered the era of smart contract, NFT and various DeFi use cases will be introduced into Cardano ecosystem, the implementation of smart contract makes Cardano can start to compete with major public chains in ecology with the image of a complete public chain.

2.Project Introduction

Cardano is a groundbreaking proof-of-stake blockchain network that is evolving into a decentralized application (DApp) development platform with a multi-asset ledger and verifiable smart contracts. Cardano plans to achieve the scalability, interoperability, and support needed for real-world applications and to be a target for future economic development.

3.Token Allocation

Crowdfunding Price: $0.0026

Total Supply of Tokens: 45 billion

Token Allocation

AllocationQuantity (ADA)Percentage
Investors25.65 billion57%
Further Distribution14.4 billion32%
Operating Funds4.95 billion11%

4.Investment Institutions

Wave Financial, Mutual Coin Capital, Advance.Fund, Digichain Capital, Royal Venture Capital, Kryptus Capital

5.Basic Information

Token Name: ADA

Project Website: https://cardano.org/

Blockchain Browser: https://explorer.cardano.org/en