Cardano is a decentralized public blockchain and cryptocurrency project launched in September 2017. The Cardano project consists of two layers: the first layer, which consists of a settlement layer, and the second layer, which consists of a computing layer.
Crypto staking is the process of holding a particular cryptocurrency to receive rewards. These rewards vary based on the number of coins or the time you hold them.
This process has become popular with investors and holders of various digital assets. Investors see in staking an opportunity to earn a passive income while still retaining their holdings.
ADAVault provides staking services for ADA holders, allowing them to receive rewards for their contributions. Today’s review will help us understand how this platform works and which benefits it offers.
What Is ADAVault?
Staking is an integral part of the governance model of many PoS blockchains. Stakers get rewards for locking up their tokens. When we mention “rewards,” we refer to lower transaction fees and newly minted coins.
ADA is the proprietary token of the Cardano platform. You may use ADA to send and receive digital funds and for other purposes such as voting or staking coins.
ADAVault is a way to earn money by holding your Cardano cryptocurrency. You can do this by using a computer to help run the blockchain, and you get paid for this work. ADAVault aims to simplify crypto staking for beginners, and you can start earning rewards right away.
In order to get started with ADAVault, you need a computer with an internet connection. Make sure you have some Cardano (ADA) in your wallet.
The Main Features that ADAVault Brings to the Market
ADAVault is a blockchain platform that focuses on security and reliability. It has several features that make it stand out from other platforms, including:
- Crypto staking: ADAVault offers an opportunity to earn rewards by staking your coins. This helps to secure the network and ensures that transactions are processed quickly and efficiently.
- 99.9% uptime: The ADAVault platform is incredibly reliable and has an uptime of 99.9%. The team promises that your funds are always safe and accessible when you need them.
- Carbon neutral system: ADAVault is environmentally friendly and operates a carbon neutral system. This means that the platform does not contribute to climate change, making it a more sustainable choice.
- Multi-layer security: ADAVault employs several security measures to protect your data and funds. These include multiple layers of encryption, anti-virus protection, and firewalls. This makes it one of the most secure platforms available.
Blockchains such as Cardano must build a secure network to keep investors safe. By creating a secure network, Cardano can ensure investors do not lose their money due to hacks or security breaches.
In addition, Cardano aims to help protect investors from fraudsters who may try to take advantage of them.
ADAVault is a stake pool that allows you to earn rewards for staking your ADA. To participate in ADAVault, you must create an account and deposit your ADA into the pool.
You can then earn rewards by holding your ADA in the pool. ADAVault wishes to be an excellent option for those who want to earn rewards while holding their ADA.
Creating an account with ADAVault is easy and only takes a few minutes. Go to the ADAVault website and click the “Create Account” button. Once you have created your account, you must deposit your ADA into the pool.
You can do this by sending your ADA to the address provided by ADAVault. Once your ADA is in the pool, you can earn rewards by staking your ADA.
The Decision to Pledge ADA Tokens
When staking providers pledges ADA tokens, they show that they are serious about their commitment to the network. In financial terms, “commitment” often translates into “stability.”
By pledging 500,000 ADA tokens, ADAVault has demonstrated its dedication to the network and its commitment to providing quality service. This is an essential factor to consider when choosing a staking provider.
ADAVault’s pledged tokens also provide security for the network in the event of an attack or other unforeseen event. This choice ensures that the network remains secure and accessible for all users.
The Role of the Project’s Blog
The Cardano community is very active in the crypto world. You can find a lot of information about Cardano on the ADAVault blog. This includes information about crypto staking. Crypto staking is a process where you can earn rewards for holding onto your cryptocurrency.
This is a popular way to earn passive income and grow your investment. Cardano is one of the major platforms for staking, offering high rewards, and aiming to be a secure ecosystem. When staking Cardano, you are helping to secure the network, and in return, you collect more ADA as a reward.
ADAVault is a well-known platform for finding information about staking Cardano. The website provides detailed instructions on how to set up your wallet and start earning rewards. The team also offers a staking calculator to see how much you can expect to gain from staking Cardano.
The Increasing Popularity of Cardano Stake Pools
A large part of ADAVault’s success depends on the growth in the popularity of Cardano stake pools.
Staking pools are growing in popularity in the crypto industry. This is because they offer a lot of benefits to investors.
First, staking pools offer a way to pool your resources with other investors. This can help you to earn rewards more quickly and increase your chances of earning rewards.
Second, staking pools offer a way to secure the network. In this way, you can help to secure the network and earn rewards in return.
Third, staking pools offer a way to invest in Cardano. By pooling your resources with other investors, you can invest in Cardano and earn rewards in return.
Finally, staking pools offer a way to reduce risk. When you stake your coins in a pool, you spread your risk among multiple investors. This can help to reduce your chances of losing money if the coin fails.
Staking your Cardano tokens may be wise as the currency gains popularity. With ADAVault, you may earn incentives and contribute to the network’s security by placing your ADA there.
Investment pools like ADAVault are becoming increasingly popular because they offer investors various advantages.
Traders may learn more about ADAVault and its services on the project’s website and social media channels.
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PrivaCrip to Power a Blockchain Network That Could Follow Cardano & XRP
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.
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.
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:
Cardano (ADA) Withdrawal Fees Waved by Bitrue Exchange
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.
WingRiders Losses 59% Of Its Total Value Locked, Plunges Cardano TVL Below $100M
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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