1. Programme Name
2. Project Introduction
Cardano is a decentralised public blockchain and cryptocurrency project and is fully open source. Cardano is developing a smart contract platform which seeks to deliver more advanced features than any protocol previously developed. It is the first blockchain platform to evolve out of a scientific philosophy and a research-first driven approach. The development team consists of a large global collective of expert engineers and researchers.
THE LAUNCH OF CARDANO AND AVAILABILITY OF ADA
During the sale that occurred at the launch, 25,927,070,538 ADA were sold. An amount equal to 20% of the total ADA vouchers were sold during the sale period, equating to 5,185,414,108 units. These Ada vouchers were generated and distributed to three entities of the Cardano community, each members of the Technical and Business Development Pool, namely: IOHK, Emurgo and the Cardano Foundation. The total amount of Ada that was made available at the launch is equal to 31,112,484,646 ADA.
ADA TO BE ISSUED DURING THE OPERATION OF THE CARDANO PROTOCOL
The remaining ADA, 13,887,515,354, will be issued after the launch through minting.
Note: There will never be more than 45,000,000,000 ADA in circulation.
Note: The project introduction comes from the materials published or provided by the official project team, which is for reference only and does not constitute investment advice. Some of the content may be out of date, error, or omission. Huobi does not take responsibility for any resulting direct or indirect losses.
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