1. Project Introduction
ADADAO is a DeFi protocol on Cardano blockchain which facilitates creation of fully collateralized stable coins leveraging Native Cardano Assets. AUSD is the stablecoin generated using this protocol. ADAO is the utility and governance token which 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 an excess collateral. The ADAO token, which serves as the ADADAO Protocol's governance token, allows holders to vote on changes to the protocol. It should be noted that anybody can submit suggestions for an ADAO vote, not just ADAO holders. Individuals and service providers who are contracted by ADADAO Governance to deliver specialized services to ADADAO make up DAO teams.
ADADAO Governance's adaptability allows the ADADAO community to tailor the DAO team framework to the ecosystem's needs based on real-world performance and developing difficulties.
2. Token Info
- Token Name: ADADAO
- Token Symbol: ADAO
- Total Supply: 500,000,000 ADAO
- Token Type: Cardano
3. Useful Links
- Official Website: https://www.adadao.org/
- Whitepaper: https://docs.adadao.org/
- Explorer: https://cardanoscan.io/token/50f8758f5a5c9511a8d9b395e7d5df761bc7e46bcbcaf4d383bc18774144414f
- Twitter: https://twitter.com/adadao_org
- Telegram: https://t.me/adadao_org