About Cardano (ADA)

What is Cardano (ADA)?

Cardano is a proof-of-stake blockchain built for precision, not hype. Created by Charles Hoskinson in 2017, it uses research-driven development and formal verification to power secure transactions, staking, and governance. ADA is its native token — the unit that keeps everything moving on this academically built network.

How is ADA’s supply designed?

The supply is capped at 45 billion tokens. About 57.61% went to public ICO buyers, 30.86% funds staking rewards, and 11.52% supports the founding entities. That mix favors decentralization and predictable growth — no stealth allocations, no inflation surprises.

How did Cardano raise money?

From 2015 to 2017, Cardano ran five ICO tranches, raising roughly $62 million USD at $0.0024 per ADA. Early backers included Julian Sarokin, James Sowers, NON-fungible Chan, and venture firm MKT. It was a slow, methodical sale — long before the hype-driven launches that followed.

Were there vesting limits for founders?

Yes. The team share — about 11.52% of total supply — vested over two years. One-third unlocked at mainnet launch in 2017, the rest by mid-2019. After that, only staking rewards added new ADA to circulation.

How do staking rewards actually work?

Each five-day epoch releases around 0.3% of the remaining reserve. Rewards depend on pool reliability and delegation size. Over 70% of ADA is staked — impressive participation that keeps the chain secure, though it slightly limits liquid supply.

What milestones shaped ADA’s journey?

Five ICO tranches distributed 25.93 billion ADA. The 2017 mainnet launch introduced the Daedalus wallet, followed by Project Catalyst grants and liquidity airdrops like Minswap. Cardano’s growth came quietly through builders, not marketing.

Where can ADA be traded or used?

You’ll find ADA on Binance (ADA/USDT), Coinbase (ADA/USD), Kraken (ADA/EUR), and Minswap for on-chain liquidity. Beyond trading, holders stake for rewards, vote in governance, and use ADA across Cardano’s expanding DeFi and NFT scene.

Why does Cardano still matter?

Because it refuses shortcuts. Every upgrade passes peer review before launch. That patience and discipline make ADA stand out — a project proving that slow, verifiable progress can still win in crypto.