The Asia Blockchain Community, a brand operated under Blockcast.cc will be hosting an AMA session with ADADAO on 29 December 2021, 8.00 pm Singapore time (GMT +8) on its Telegram channel, https://t.me/Blockcastcommunity.
ADADAO is a DeFi protocol on Cardano blockchain which facilitates the creation of fully collateralized stable coins leveraging Native Cardano Assets. They are starting with ADA tokens only but the governance team can decide on the addition of more assets as and when required. ADADAO functions as a DAO (Decentralized Autonomous Organization). AUSD is the stablecoin generated using this protocol. ADAO is the utility and governance token that allows users to decide how the protocol functions and also gives them a share of the fees raised through the protocol.
The AUSD stable coin is a soft-pegged cryptocurrency, decentralized, unbiased, collateral-backed, which can be stored in wallets or used on platforms. ADADAO Vaults are non-custodial & permissionless protocol and all generated stablecoins are backed on-chain by excess collateral. AUSD is easy to generate, access, and use. The ADADAO Protocol allows users to earn AUSD by placing collateral assets into ADADAO Vaults, which is how AUSD is circulated and users can access liquidity, while others get their hands on AUSD by buying it from brokers or cryptocurrency exchanges.
ADADAO is the world's first interest-free stablecoin protocol, built on Cardano blockchain. #adadao #crypto #stablecoin #finance #blockchain #ido #cardano
For more info, read this article👇https://t.co/0MzXtwep9w
— ADADAO (@adadao_org) November 25, 2021
AUSD can be used exactly like any other cryptocurrency once it has been generated, acquired, or received: it can be sent to others, used to pay for goods and services, or to buy more ADA for creating a leveraged position. Every AUSD in circulation is directly backed by extra collateral, which means that the collateral is worth more than the AUSD loan, and all AUSD transactions are visible on the Cardano blockchain.
The Asia Blockchain Community (ABC) is a community based and run by volunteers in Asia. ABC understands the market well and is supported by a panel of blockchain and crypto experts and influencers. The community has hosted more than 50 projects in recent months.
You can find out more about the game at the following URLs:
Twitter: https://twitter.com/adadao_org
Telegram: https://t.me/adadao_org
Website: https://www.adadao.org/
