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Ardana’s Two Public Sales Raises $1.5M, Builds ADA DeFi & Stablecoin Ecosystem -Breaking

by Mike Robinson

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Ardana’s Two Public Sales Raises $1.5M, Builds ADA DeFi & Stablecoin Ecosystem
  • Ardana was able to raise $1.5 million through two public sales.
  • Ardana is determined to be the best DeFi platform within the ecosystem.

To provide the best technology possible to its users, crypto continues to grow its network. This time, Ardana, the stablecoin on Cardano’s hub that brings necessary DeFi primitive to bootstrap any economy in Cardano, has successfully closed its second IDO.

In detail, Ardana’s native token — DANA — perfectly closed a liquidity pool amounting to $500,000 at the second round of the public sale. It was hosted on OccamRazer, November 4, 2021.

Ryan Matovu, founder and CEO of Ardana was shocked by this reaction:

The success of Occam’s recent public crowdfunding round was a great achievement. Occam is undoubtedly the best launchpad for Cardano, and we look forward working with them in the weeks ahead of our token launch.

Additionally, the recent accomplishment of the cryptocurrency can also be considered the result of Tokensoft’s first public sale on October 28th. Amazingly, DANA raised $1 million through its first public sale. The token was then sold for $0.60 and a maximum of $500 per address. To prevent the possibility of whales taking control, this is done.

Additionally, $10 million in funds were raised by the network from organizations like Three Arrows Capital. Ascentive Assets. Morningstar Ventures. Mechanism Capital. Kronos Research. FMFW.io. MGNR, and other major organisations.

Ardana’s success in its two public sales is an important milestone. Ardana is now one step closer in its quest to be the best DeFi protocol on Cardano. The OccamRazer is the Cardano DeFi launchpad that will help Ardana to be a leading player in this ecosystem.

Ardana on the other side aims to offer its users a decentralized vault system that is secure. They can create a platform that allows them to mint a dUSD stablecoin using trustless collateral assets such as ADA. Ardana will be able to bridge the gap between centralization and decentralization by using this platform. Danaswap will be provided by the network, which is a stableswap DEX that’s highly capital-efficient. This will allow users to have a better experience with DEX.

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