Cardano
5 Exciting Cardano-Based Projects to Follow in 2022

Published
2 years agoon
Since its invention in 2017, Cardano has seen some incredible returns, gaining upwards of 700% in only a few years. While Cardano gains have been drastic over the years, recent global tensions and the downturn in cryptocurrency have led this coin to plummet down over 60% from its all-time highs.
Yet, considering the recent announcements of interesting projects on the Cardano chain, it’s no wonder that people are seeing this as an investment opportunity and pouring capital into the cryptocurrency.
In this article, we’ll be taking a look at four promising projects on the Cardano ecosystem, selecting a diverse showing to emphasize the extent of what can be achieved within this platform.
We’ll be taking a look at:
- Profila
- Ardana
- Djed
- Empowa
- Revuto
Let’s get right into it.
Profila
One of the central movements that have been seen on the internet recently is a mass drive towards Web 3.0. Web 3.0 is an iteration of the internet that uses blockchain technology to give more power back to users. Profila is an excellent example of one of these said blockchain projects, acting as a platform that gives users more control over their own data.
Within Profila, users are able to enter a new era of digital marketing, placing themselves at the center of their own data. Instead of companies using their data and profiting from them, they’ll be directly in charge of every piece of information about them.
Instead of their data being fed to advertising agencies, Profila gives the power of marketing directly to users. By filling in user questionnaires about themselves, Profila users will be able to build up their profile and fill it with data. The more data on their profile, the more valuable their account becomes, with Profila allowing users to sell their data directly to companies.
This even extends to users making contractual agreements with brands, users being able to set the compensation terms and period of time that brands can use their data for. While this is very much a user-centered movement, with Profila giving power back to the individual user, it also directly benefits the brands.
While third-party data lifted from a user might bear some accuracies, it is often full of mistakes that then skew the data generated by brands. With Profila, brands are getting what they call ‘Zero-Party Data’, which is data cultivated by the users themselves.
Housed on the Cardano blockchain, Profila is an excellent example of a project that’s gathered a huge following. Even the Swiss government has now got involved with Profila, with the innovation department awarding the brand a sponsorship for their work.
With data protection and fair data use at its center, this is an incredibly interesting project to watch over the coming months.
Ardana
Ardana is Cardano’s most successful stablecoin hub, allowing users to leverage Cardano’s native ADA tokens within a staking system. Ardana works through having a stablecoin, known as dUSD, which is backed against the US dollar. This decentralized stablecoin allows users to mint, sell, and buy dUSA on Cardano and then use this within collateralized assets, like ADA tokens.
Instead of having to convert ADA into this stablecoin, Ardana produces vaults that can store the currency, offering interest in the form of minted dUSA. This methodology allows users to get access to stable liquidity on Cardano, further driving progress and facilitating building on the platform.
Additionally, Ardana has used Cardano for the low transaction fees associated with this proof of stake platform. Due to these low fees, Cardano can provide users with low-cost stablecoin exchanges, making this a wonderful system for those looking to trade, stake, buy, or sell within Cardano.
Back in November of 2021, Ardana also announced they were forming a bridge with Near, which will further expand the utility of this project. With this partnership, users are now able to transfer assets from Near to Cardano, or vice versa. This change has furthered the attraction of Ardana as a product, as it expands the system while also pointing to the future potential of the brand.
This is not the only layer one ecosystem chain that Ardana has formed for Cardano, also having a connection to Elrond. Especially with Elrond, which is a high-throughput L1 blockchain, these connections are set to open a lot of doors for Cardano. The projects that Ardana is launching are promising signs of future growth and adaptation, with this being one of the most exciting projects on the Cardano ecosystem.
Djed
Another exciting stablecoin-driven project that’s been launched on Cardano is Djed. Djed is a stablecoin that uses algorithmic design to create smart contacts. With these contracts, the price of the stablecoin becomes much more stabilized, allowing this to be a perfect coin for decentralized finance.
Recent news has announced that Djed isn’t only another stablecoin on the Cardano network, actually having aims of becoming the ultimate coin with which all Cardano’s networks will use. This includes transaction fees, making Djed a central part of the Cardano infrastructure.
The coin, COTI, presented their plans in a presentation within August of 2021, with 2022 being the year where many of those plans begin to come to fruition. Djed intends to collect fees on both minting and burning, as well as the reserve of the coin, potentially generating this project a hefty sum within the coming years.
Considering that Djed is going to become integral to Cardano, and that Cardano is currently the 3rd largest cryptocurrency in terms of market cap, it’s no surprise that people are rapidly moving to follow this project.
Empowa
Another project that’s currently making waves in the Cardano ecosystem is Empowa, a social capital project that aims to finance property development in Sub-Saharan Africa. Currently, there is a circle of shortages in the housing supply market within Africa, leading to a lack of funding, high cost of capital, lack of supply, and high cost of building.
Empowa’s mission is to use decentralized financing to provide affordable housing within Africa. They seek to build a house, empower communities, and create an effective real-world impact through the power of the blockchain.
With a central goal of reducing the housing shortage in Africa, it’s no wonder that this project has become an exciting prospect for those looking to use cryptocurrency for social good. Launched on the Cardano ecosystem, this project will help build houses that address the housing shortage in Africa, putting a roof over the heads of millions of people.
As this project continues to pick up steam, especially with the large amounts of media attention that it’s accumulating, this will certainly be a project to keep an eye on throughout the coming months.
Revuto
In our modern era, you’d be hard-pressed to find a person that doesn’t have a range of different streaming accounts or services. From Netflix and HBO to Spotify and Apple TV, there are a vast quantity of possible subscriptions that are likely linked to your bank accounts.
The Cardano-based Revuto aims to become the solution for this mass subscription, with Revuto acting as one central account that you can pay all of your subscriptions form. By paying in Revuto’s native token, you’ll get a discount on all of your subscriptions, automatically getting cashback rewards.
Equally, you’ll be able to put your Revuto tokens to use in the meantime, using them for staking and yield purposes. Due to this, not only will you be saving on your subscriptions, but you’ll also be able to get money back over time. This clever project is perfectly timed, with many subscription services upping their rates.
Revuto aims to be a solution to the number of subscriptions you have, making it easy for you to block, suspend, or snooze a subscription that you’re not currently using. With this, the power goes back to the consumer, helping them stay on-top and up-to-date with all of their subscriptions.
This is a clever idea that shows a lot of promise, definitely marking it as one to look out for in 2022.
Final Thoughts
Cardano has an exciting year ahead of it, with this blockchain seeing a whole host of impactful projects being launched. All across the many industries that blockchain is influencing, from housing to finance, Cardano is making a difference.
These five projects represent the most interesting Cardano developments that are taking shape within 2022. Each was selected due to its mass following, exciting principles, or ingenious innovations that the projects have become known for.
If you’re looking for some new investments, or just to keep an eye on exciting projects, then these five are a great place to start.
Since its invention in 2017, Cardano has seen some incredible returns, gaining upwards of 700% in only a few years. While Cardano gains have been drastic over the years, recent global tensions and the downturn in cryptocurrency have led this coin to plummet down over 60% from its all-time highs.
Yet, considering the recent announcements of interesting projects on the Cardano chain, it’s no wonder that people are seeing this as an investment opportunity and pouring capital into the cryptocurrency.
In this article, we’ll be taking a look at four promising projects on the Cardano ecosystem, selecting a diverse showing to emphasize the extent of what can be achieved within this platform.
We’ll be taking a look at:
- Profila
- Ardana
- Djed
- Empowa
- Revuto
Let’s get right into it.
Profila
One of the central movements that have been seen on the internet recently is a mass drive towards Web 3.0. Web 3.0 is an iteration of the internet that uses blockchain technology to give more power back to users. Profila is an excellent example of one of these said blockchain projects, acting as a platform that gives users more control over their own data.
Within Profila, users are able to enter a new era of digital marketing, placing themselves at the center of their own data. Instead of companies using their data and profiting from them, they’ll be directly in charge of every piece of information about them.
Instead of their data being fed to advertising agencies, Profila gives the power of marketing directly to users. By filling in user questionnaires about themselves, Profila users will be able to build up their profile and fill it with data. The more data on their profile, the more valuable their account becomes, with Profila allowing users to sell their data directly to companies.
This even extends to users making contractual agreements with brands, users being able to set the compensation terms and period of time that brands can use their data for. While this is very much a user-centered movement, with Profila giving power back to the individual user, it also directly benefits the brands.
While third-party data lifted from a user might bear some accuracies, it is often full of mistakes that then skew the data generated by brands. With Profila, brands are getting what they call ‘Zero-Party Data’, which is data cultivated by the users themselves.
Housed on the Cardano blockchain, Profila is an excellent example of a project that’s gathered a huge following. Even the Swiss government has now got involved with Profila, with the innovation department awarding the brand a sponsorship for their work.
With data protection and fair data use at its center, this is an incredibly interesting project to watch over the coming months.
Ardana
Ardana is Cardano’s most successful stablecoin hub, allowing users to leverage Cardano’s native ADA tokens within a staking system. Ardana works through having a stablecoin, known as dUSD, which is backed against the US dollar. This decentralized stablecoin allows users to mint, sell, and buy dUSA on Cardano and then use this within collateralized assets, like ADA tokens.
Instead of having to convert ADA into this stablecoin, Ardana produces vaults that can store the currency, offering interest in the form of minted dUSA. This methodology allows users to get access to stable liquidity on Cardano, further driving progress and facilitating building on the platform.
Additionally, Ardana has used Cardano for the low transaction fees associated with this proof of stake platform. Due to these low fees, Cardano can provide users with low-cost stablecoin exchanges, making this a wonderful system for those looking to trade, stake, buy, or sell within Cardano.
Back in November of 2021, Ardana also announced they were forming a bridge with Near, which will further expand the utility of this project. With this partnership, users are now able to transfer assets from Near to Cardano, or vice versa. This change has furthered the attraction of Ardana as a product, as it expands the system while also pointing to the future potential of the brand.
This is not the only layer one ecosystem chain that Ardana has formed for Cardano, also having a connection to Elrond. Especially with Elrond, which is a high-throughput L1 blockchain, these connections are set to open a lot of doors for Cardano. The projects that Ardana is launching are promising signs of future growth and adaptation, with this being one of the most exciting projects on the Cardano ecosystem.
Djed
Another exciting stablecoin-driven project that’s been launched on Cardano is Djed. Djed is a stablecoin that uses algorithmic design to create smart contacts. With these contracts, the price of the stablecoin becomes much more stabilized, allowing this to be a perfect coin for decentralized finance.
Recent news has announced that Djed isn’t only another stablecoin on the Cardano network, actually having aims of becoming the ultimate coin with which all Cardano’s networks will use. This includes transaction fees, making Djed a central part of the Cardano infrastructure.
The coin, COTI, presented their plans in a presentation within August of 2021, with 2022 being the year where many of those plans begin to come to fruition. Djed intends to collect fees on both minting and burning, as well as the reserve of the coin, potentially generating this project a hefty sum within the coming years.
Considering that Djed is going to become integral to Cardano, and that Cardano is currently the 3rd largest cryptocurrency in terms of market cap, it’s no surprise that people are rapidly moving to follow this project.
Empowa
Another project that’s currently making waves in the Cardano ecosystem is Empowa, a social capital project that aims to finance property development in Sub-Saharan Africa. Currently, there is a circle of shortages in the housing supply market within Africa, leading to a lack of funding, high cost of capital, lack of supply, and high cost of building.
Empowa’s mission is to use decentralized financing to provide affordable housing within Africa. They seek to build a house, empower communities, and create an effective real-world impact through the power of the blockchain.
With a central goal of reducing the housing shortage in Africa, it’s no wonder that this project has become an exciting prospect for those looking to use cryptocurrency for social good. Launched on the Cardano ecosystem, this project will help build houses that address the housing shortage in Africa, putting a roof over the heads of millions of people.
As this project continues to pick up steam, especially with the large amounts of media attention that it’s accumulating, this will certainly be a project to keep an eye on throughout the coming months.
Revuto
In our modern era, you’d be hard-pressed to find a person that doesn’t have a range of different streaming accounts or services. From Netflix and HBO to Spotify and Apple TV, there are a vast quantity of possible subscriptions that are likely linked to your bank accounts.
The Cardano-based Revuto aims to become the solution for this mass subscription, with Revuto acting as one central account that you can pay all of your subscriptions form. By paying in Revuto’s native token, you’ll get a discount on all of your subscriptions, automatically getting cashback rewards.
Equally, you’ll be able to put your Revuto tokens to use in the meantime, using them for staking and yield purposes. Due to this, not only will you be saving on your subscriptions, but you’ll also be able to get money back over time. This clever project is perfectly timed, with many subscription services upping their rates.
Revuto aims to be a solution to the number of subscriptions you have, making it easy for you to block, suspend, or snooze a subscription that you’re not currently using. With this, the power goes back to the consumer, helping them stay on-top and up-to-date with all of their subscriptions.
This is a clever idea that shows a lot of promise, definitely marking it as one to look out for in 2022.
Final Thoughts
Cardano has an exciting year ahead of it, with this blockchain seeing a whole host of impactful projects being launched. All across the many industries that blockchain is influencing, from housing to finance, Cardano is making a difference.
These five projects represent the most interesting Cardano developments that are taking shape within 2022. Each was selected due to its mass following, exciting principles, or ingenious innovations that the projects have become known for.
If you’re looking for some new investments, or just to keep an eye on exciting projects, then these five are a great place to start.
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Cardano
PrivaCrip to Power a Blockchain Network That Could Follow Cardano & XRP

Published
1 year agoon
August 9, 2022
 
 
When the first decentralised blockchain was popularised in 2008 by Satoshi Nakamoto, the door was open for people across the globe to transact more securely and seamlessly. Many blockchain networks have been built and powered by native crypto tokens, including PrivaCrip (PRCR).
Native tokens exist for several reasons. Aside from acting as digital currencies, they perform various functions. Helping blockchains improve data traceability, security, transparency, and trustworthiness shared throughout the network. They also assist in reducing costs through their ever-evolving efficient methods.
Cardano (ADA) and Ripple (XRP) are among the best blockchain-based cryptos that this article will discuss. We will also look at how PrivaCrip (PRCR) will power a blockchain network set to launch into the crypto space.
Top Tier Crypto Makes its Mark – Cardano (ADA)
Cardano (ADA) has been around in the crypto space since 2017. The Proof-of-Stake (PoS), Ouroborous Cardano (ADA), was established using a research-based methodology.
Research is the backbone of Cardano (ADA) and is integral to its success in the cryptocurrency market. Cardano (ADA) uses an evidence-driven mechanism and peer-reviewed research to run its ecosystem to drive its evolution.
 
 
Among many things, Cardano (ADA) helps establish DeFi products and provides a suite of financial solutions. Crypto enthusiasts can stake Cardano (ADA) for a chance to earn rewards for their holdings.
With 2022 providing challenges in cryptocurrencies across the globe, Cardano (ADA) is one of the few cryptos to see a surge in on-chain trading volume this year. CoinMarketCap lists Cardano (ADA) as the 7th largest crypto by market capitalization at the time of writing.
Making Waves – Ripple (XRP)
Launched in 2012, Ripple (XRP) is a leading provider of crypto solutions for businesses. Ripple (XRP) provides developers with a solid open-source foundation for executing demanding projects. It is fast, energy-efficient, cost-effective, and reliable.
The solutions provided by Ripple (XRP) enable developers to solve inefficiencies, including asset tokenization and remittance. Therefore, individuals and businesses may apply Ripple (XRP) for DeFi, payments, tokenization, and more.
Crypto enthusiasts with a long-term focus may find Ripple (XRP) a valuable investing tool. Token holders can use Ripple (XRP) for staking its mainnet platform for a chance to grow their earnings and maximise profit.
At the time of writing, it ranks number 6 on CoinMarketCap, making it a cryptocurrency to buy now.
The New Face Of Privacy – PrivaCrip (PRCR)
The soon-to-launch PrivaCrip (PRCR) is a cryptocurrency built for Web3 data privacy. It will allow users to develop and use permissionless and privacy-preserving applications. This unique feature of PrivaCrip (PRCR) secures apps, protects users, and fosters the creation of many new Web3 uses.
PrivaCrip (PRCR) will drive a blockchain that creates a more empowering and inclusive internet. It will enable developers to build secure dApps using private contracts based on original privacy research (OPR) to revolutionise Web3.
PrivaCrip (PRCR) will begin pre-sale soon and has an initial token price of 0.10 USD. According to the whitepaper, there will be a total supply of 190 million tokens, of which 40% of the total supply will go to the pre-sale.
Crypto enthusiasts who purchase PrivaCrip (PRCR) during the pre-sale will receive the most significant long-term rewards and bonuses. Those who buy with Bitcoin (BTC) will receive a 10% bonus. Also, those using Ethereum (ETH) to purchase will receive 15% of the total PrivaCrip (PRCR) they purchase as a bonus.
10% of PrivaCrip’s (PRCR) total supply is up for distribution as staking rewards, meaning that token holders who stake will receive rewards for their contribution to the crypto’s advancement.
The Bottomline
Blockchain networks are continuously evolving, and so are the crypto tokens that power them. Cardano (ADA) and Ripple (XRP) have contributed tremendously to the success of their blockchain networks, gathering mass appeal.
PrivaCrip (PRCR), for its part, will drive a security-enabled blockchain and scalability in private DeFi, empower data tokenization, and bring together a fast-growing community. Acting on its promise, it has the potential to become the next big mover in cryptocurrency.
For more on PrivaCrip (PRCR), check below:
Presale: http://join.privacrip.io/
Website: http://privacrip.io/
Telegram: https://t.me/PrivaCripOfficial
Twitter: https://twitter.com/PrivaCrip
Cardano
Cardano (ADA) Withdrawal Fees Waved by Bitrue Exchange

Published
1 year agoon
August 9, 2022
Singapore-based cryptocurrency exchange made Cardano one of its base trading pairs earlier this year
Singapore-based cryptocurrency exchange Bitrue announced that it had temporarily waived withdrawal fees for the Cardano (ADA) cryptocurrency.
The trading platform says that the move is meant to celebrate the support it received from the community behind the cryptocurrency.
Users will be able to withdraw ADA without paying any fees until mid-September.
Bitrue has stressed that it wants users to have “as much choice as possible” when it comes to custody options. Those who want to hold their ADA tokens will not be able to do so without paying an additional commission.
At the same time, Bitrue has touted its “Power Piggy” yield-farm investment program for those who want to earn passive income with ADA.
As reported by U.Today, Bitrue introduced the token as its base currency back in February.
In June 2021, it also became the first cryptocurrency trading platform to add support for Cardano-based native tokens.
Last month, Bitrue also announced a staking initiative with the ADA cryptocurrency. It decided to contribute a million tokens to some of the top Cardano staking pools in an effort to boost the level of decentralization.
Earlier this year, SundaeSwap (SUNDAE), the native token of the SundaeSwap exchange, also became available on Bitrue.
Cardano
WingRiders Losses 59% Of Its Total Value Locked, Plunges Cardano TVL Below $100M

Published
1 year agoon
August 9, 2022
Popular Cardano-based decentralized exchange WingRiders has lost its position as the most valuable DEX on Cardano.
WingRiders slumped from the first position to third after losing more than 59% of the total value locked (TVL) on the platform in the past 30 days.
At the time of writing this line, WingRiders is now the third-largest DEX by total value locked, with a TVL of $19.66 million. It is noteworthy that WingRiders maintained the top spot for more than two months, claiming 42% of TVL On Cardano. However, the DEX has fallen from glory ever since.
Minswap Is Now Cardano’s Most Valuable DEX
The development also affected the total value locked on Cardano. The total value locked on Cardano has fallen below $100 million in the last 30 days after the WingRiders TVL slumped.
Interestingly, Minswap has taken the lead to become the most valuable decentralized exchange on Cardano after the massive decline of WingRiders’ TVL.
At press time, Minswap is leading, with a $49.09 million total value locked on the platform. The DEX hit the milestone after recording a massive growth of 30.9% in its TVL in the past 30 days. Minswap accounts for 51.82% of the total value locked on Cardano.
SundaeSwap, the first decentralized exchange on Cardano, is now the second most valuable DEX in the ecosystem. SundaeSwap is second in the ranking, with $19.72 million in TVL.
Like WingRiders, SundaeSwap has also lost a significant amount of its TVL over the past 30 days. In the past month, SundaeSwap has lost nearly 10% of the funds locked on the platform.
Commenting on the development, Cardano Daily, a platform that shares new developments about Cardano, said:
“After the major decline of @wingriderscom, the TVL scenario of the Cardano ecosystem has stabilized back to normal as we have seen in the past few weeks. @MinswapDEX still led the ecosystem with $51M TVL, contributing 50% of the ecosystem.”
CARDANO TVL STATUS
After the major decline of @wingriderscom, the TVL scenario of the @Cardano ecosystem has stabilized back to normal as we have seen in the past few weeks. @MinswapDEX still led the ecosystem with $51M TVL, contributing 50% of the ecosystem#tvl #cardano $ADA pic.twitter.com/xjZ6cHo8jX
— Cardano Daily (@cardano_daily) August 9, 2022
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Tulip Protocol Officially Integrates Chainlink on Solana Mainnet
