Cardano Village team is happy to update the community regarding its next phase, as they minted buildings, land, created 3 types of maps and plan towards activating their tokens.
Cardano Village remains the only metaverse project that has been mentioned by Charles Hoskinson, the founder of Cardano, and IOHK on Twitter.
This project, which is currently undervalued on the market, aims to rise up to its potential, given the immense possibilities for it.
At the time of the initial minting, the team was put into the spotlight by the Cardano community for its beautiful artwork and rapidly minted land parcels while releasing MAP in PC, WEB, and Mobile environments simultaneously, proving without a doubt that it has a formidable grasp of the requisite technological prowess.
The Cardanian Korea Team completed all these tasks within just a 3-month timeframe.
Despite the fact that only 1 of the 5 planned series has been released thus far, about 4,400 users already own lands and buildings within this growing metaverse.
The team also recently created LIfe-Log ($LOG), which will be used throughout the metaverse, and released its White Paper.
Furthermore, the team is prepping a proprietary Token Claim Service that will allow Cardano Village holders to occupy their tokens more easily.
The $LOG Token, which was created in collaboration with Cardano’s DEX team from scratch, is rapidly being incorporated into the Cardano ecosystem.
Tokens were initially distributed through Vyfi.io, one of the top Dex, and the current TVL is around $2.1M. Declaring the transition of the metaverse to FULL WEB MODE this June.
Cardania Village will be holding a Public sale on Adax.pro Launchpad 7-10th April, starting at 12:00 UTC.
Users who desire to participate in should note that early Priority 24 hour round will be open for ADAX stakers on April 6th at 12:00 UTC.
Aada.Finance has implemented NFT Bond use into financial action which overtakes all other projects on the lend/borrow platform. Aada.Finance also announced fair launch IDO through their ISPO.
Aada is a decentralized non-custodial liquidity market protocol. Aada is one of the first lending protocols built on top of Plutus/Haskell Cardano smart contracts. Platform users can engage as depositors or borrowers in a decentralized non-custodial liquidity market protocol. Depositors receive a passive income by providing liquidity to the market, while borrowers can borrow with over collateralization or under collateralization.
Lenders provide liquidity for borrowers on AADA smart contracts and for such actions they receive interest from the borrower as they interact directly without any third parties. There is one risk for liquidity providers in shortfall events (smart contract exploit) : up to 30% of their assets can be taken to cover exploit losses.
Borrowers can borrow assets by providing collateral assets in such a way no transaction is done. Borrowers provide collateral for example of 500 USDT and get a loan for example of 200ADA. If the price of the loan goes up, there is a liquidation line when the loan reaches 85% worth of the collateral and is liquidated and the borrower keeps his loan. In a downfall event
when the assets that the borrower borrowed goes down in price, he can return his loan and receive his locked collateral in such a way he doesn’t lose any money.
By having assets on their platform, users will be able to quickly access and swap deposited assets between cardano native tokens.
Aada.Finance has brought an idea of NFT Bond into the lend/borrow process. Instead of users locking their assets into smart contracts they will be locking them into NFT Bonds.
The user puts a coin into a vending machine which is a smart contract and the outcome is programmed if criteria are met. So instead of providing collateral and getting a loan, the user will get a loan and NFT Bond which is like a “debt note”, the NFT Bond is tradeable, transferable, has a price of itself, and can be used to hedge. This NFT Bond feature outperforms AAVE in any way, it’s more decentralized, more transparent, more transferable and – AADA Lending has a fair launch offering as Cardano (ADA) Blockchain Stake Pool Operator – SPO, any Cardano blockchain supporter can validate Cardano PoS blockchain and receive AADA Tokens.
As the blockchain ecosystem grows in popularity, new use cases that are backed by a strong and scalable blockchain network are required. With its version of loans and other DeFi-centric offerings like staking, Aada is helping to promote the Cardano ecosystem’s proposed reach.
While the Ethereum ecosystem aims to cater to private and enterprise adoption through DApps and smart contracts, Cardano aims to engraft with governments through custom projects in developing countries like Tanzania. The Aada protocol contributes to the latter’s proposed change pursuits by making it easier to obtain loans.
