Cardano: IOG Explains How You Can ‘Support Ukraine Relief Efforts’ With $ADA Tokens


Input Output Global, the company responsible for Cardano’s research and development, has partnered with charitable cryptocurrency organization The Giving Block to allow Cardano ($ADA) holders to “support Ukraine relief efforts” using their tokens.

According to a tweet Input Output shared with its over 58,500 followers on an account dedicated to the press, the firm partnered with The Giving Block to allow ADA holders to “donate to charities in the Ukraine Emergency Response Fund,” to ensure that “vital funds reach organisations working on the ground.”

Track live crypto price of 10000+ coins!


In the tweet a link to The Giving Block’s Cardano donation page, that details that all donations made to its ADA address – which currently has 21 tokens in it – are “ split equally between International Medical Corps, CARE, World Central Kitchen, Women For Women, SOS Children’s Villages, Save the Children, Hearts and Homes For Refugees, and International Fund for Animal Welfare.

Responding to Input Output’s tweet, The Giving Block asserted it’s “proud to be a part of this amazing partnership.” Organizations have been using The Giving Block to donate a number of cryptocurrencies, including meme-inspired tokens like $SHIB and $DOGE.

Related:  Inery Token INR goes Live On Huobi Following Successful VC raise

The partnership comes shortly after a Mssari report suggested that Cardano ($ADA) is being ‘aggressively priced’ ahead of the Vasil hard fork, at least when compared with rival smart contract networks that aren’t Ethereum, including Solana ($SOL), Algorand ($ALGO), Tezos ($XTZ), and $NEO.




Cardano’s active addresses are far below those of Solana, but tower those of Algorand, Tezos, and NEO, although it processed around 62,000 daily transactions, compared to over 296,000 from Algorand, 208,000 from Tezos, and 174,00 for NEO. Solana processes over 38 million daily transactions.

The total value locked on Cardano’s decentralized finance space is below that of Solana and Algorand, while its annualized revenue tops all other competitors except Ethereum.

Taking this into account, Messari found Cardano is “aggressively priced” when it comes to its total value locked multiple, which is based on the value locked on its DeFi applications, and on its transaction multiple, which is based on the cryptocurrency’s daily transactions.

As CryptoGlobe reported, The total number of wallets on the Cardano ($ADA) blockchain has surpassed the 3.5 million wallet milestone.  Notably, the number of smart contracts deployed on the Cardano network has also reached a new milestone above the 3,000 mark for the first time in the cryptocurrency’s history as developers work on it ahead of the Vasil hard fork.

Image Credit

Featured image via Unsplash




Download MAXBIT Android App, Your best source of all crypto news!

Google Play

Source link

Share this article: