Ardana Raises $1.5M Funds Through Public Sale

Ardana Raises $1.5M Funds Through Public Sale
  • DANA is Ardana’s native governance token.
  • Ardana chose OccamRazer, the all-in-one Cardano launchpad.

Ardana is Cardano’s stablecoin hub, offering all the DeFi primitives required to start and run any economy. Stablecoins backed by assets is available on Ardana’s on-chain DEX. Borrowers may use their ADA or other assets to leverage the stablecoin, which is backed by a large amount of on-chain collateral.

Ardana has concluded its second IDO for DANA. On November 4, OccamRazer held a public selling round. The liquidity pool for this second round of public sale was established at $500,000.

A pioneer in the Cardano DeFi ecosystem, Ardana chose OccamRazer, the all-in-one Cardano launchpad. OccamRazer has already made a substantial contribution to the Cardano ecosystem and is a market leader in its field. Occam.fi is a DeFi solution for Cardano. Occam.fi is the first and most important addition to Cardano’s fast-developing DeFi ecosystem.

Ryan Matovu, CEO & founder at Ardana, said:

“We are pleased by the success of our recent public fundraising round with Occam”, “Occam surely is the leading launchpad on Cardano and we look forward to further success working with them as we move closer to our token launch in the coming weeks.”

On October 28, Tokensoft held the inaugural DANA token sale, with a base price of $0.60 and a maximum allocation of $500 per token address to ensure an inclusive sale and prevent whales. This sale raised $1 million.

DANA is Ardana’s native governance token, allowing holders to vote and make critical platform choices. DANA tokens may be staked for payouts.

Dominant DeFi Protocol on Cardano

Succeeding with DANA public sale rounds is critical for the stablecoin hub’s expansion as the dominant DeFi protocol on Cardano. Others included cFund, Three Arrows Capital, Ascentive Assets, and Morningstar Ventures. Mechanism Capital, Kronos Research, and FMFW.io all contributed $10 million.

A safe and decentralized vault system will enable users to mint the dUSD stablecoin using trustless collateral assets like ADA. Danaswap is a capital-efficient stableswap DEX.

Ardana aims to bridge the gap between decentralization and centralized stability. Ardana is the most comfortable alternative for Cardano users since it is a collateralized, decentralized, soft-pegged stablecoin.

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