Ardana’s DANA Token Prepares for Launch on Gate.io, Bitmart, and MXEC
Ardana, a powerful and robust stablecoin ecosystem built on the Cardano blockchain, is set to launch its $DANA native token – this event will mark the official release of its token to its community and the public.
This is the newest major development in Ardana’s key milestones targeted within its roadmap.
The token will be listed on November 22, 2021, at 2:00 PM UTC time – the following exchanges will be supporting $DANA as their newest addition:
All exchanges will be utilizing the $DANA/$USDT token pair. More trading pairs are likely to be introduced in the future, to be determined by the exchanges.
Users of these exchanges will now have the ability to store and swap their $DANA, adding liquidity to each platform and the token itself for Ardana users.
What is $DANA?
$DANA is Ardana’s utility and governance token, helping power the overall ecosystem and community. It’s a Cardano-native cryptocurrency token, allowing users to stake within liquidity pools to earn platform trading fees as rewards – holders can also vote on proposals to influence the project’s future direction.
Ardana is Cardano’s stablecoin hub, bringing the necessary DeFi primitives needed to bootstrap and maintain any economy on its blockchain. Ardana offers on-chain fiat-pegged stablecoins and a decentralized stable-asset DEX named Danaswap. Stablecoins are verifiably backed by an excess of on-chain collateral and enable borrowers to take leverage on their ADA or other supported assets. The Danaswap DEX is a highly capital efficient exchange enabling swaps with minimal slippage and fees while providing low-risk yield opportunities to liquidity providers.