Place/Date: Tallinn, Estonia - January 19th, 2022 at 7:58 pm UTC · 3 min read
Many seasoned crypto analysts have been taken aback by the recent influx of innovative projects to the Cardano space. However, despite the ecosystem’s vibrancy, one of the factors limiting mass adoption has always been an absence of a reputable, accessible, and volatility-free stablecoin.
That’s why KICK.IO launchpad is enormously proud to host the public sale of ADADAO ($ADAO), the world’s first interest-free stablecoin protocol, which leverages native Cardano assets for the creation of fully collateralized stablecoins. ADADAO is currently the only stablecoin project based on interest-free borrowing and is expected to become an integral part of the future Cardano ecosystem.
$ADAO is the Protocol’s governance token, which allows holders to vote on important changes, such as adding a new collateral asset type with a unique set of risk parameters, choosing the set of Oracle feeds, triggering an emergency shutdown, upgrading the system, or making valuable suggestions on how to improve the project.
ADADAO also offers non-custodial vaults, with every $AUSD fully backed by on-chain collateral, and has taken every precaution to ensure the integrity of its solution. ADADAO Protocol combines good governance with careful protocol design (the Liquidation Ratio, Debt Ceilings, Governance Security Module, Oracle Security Module, Emergency Shutdown, and so on) to ensure top-notch security and mitigate malicious exploits.
ADADAO’s public sale will kick off on January 25, 5 PM UTC and will run until 2 February, 5 PM UTC. Mark the date to avoid the risk of missing out.
KICK.IO is a Cardano-based fundraising platform and project accelerator, designed to provide transparent, efficient, and fully decentralized crowdfunding services. KICK.IO is set to mature into a cornerstone of the new Cardano-dominated DeFi landscape, becoming the place where Cardano’s extensive community can come together to fund projects characterized by the immense potential for future success.
Our next-generation decentralized launchpad will be built according to the best DeFi industry practices, ensuring real-time settlement, top-notch security, interoperability, true decentralization, zero counterparty risk, while also being fully scalable to meet the needs of institutional investors. Unlike our competitors, we offer full support of Cardano native tokens and a suite of advanced DeFi tools that upcoming projects need to thrive and prosper.