Cardano First Interest-Free Stablecoin:
ADADAO Public Sale on ADAX Begins February 12

2 min readFeb 7, 2022

Although the Cardano ecosystem has recently witnessed a massive influx of new unique projects, many analysts have noted that one of the limiting factors to mass adoption remains the absence of a credible and volatility-free stablecoin.

That is why ADADAO has created Cardano’s first interest-free and fully collateralized stablecoin. As it offers the only stablecoin ($AUSD) based on interest-free borrowing, ADADAO is widely anticipated to play a leading role in the future of the Cardano ecosystem.

From February 12, ADAX will be hosting the public sale of $ADAOADADAO’s governance token, which enables stakeholders to vote on crucial protocol changes. Such changes will include adding a new type of collateral asset with a set of risk parameters, choosing Oracle feeds, as well as triggering emergency shutdowns and system upgrades.

ADADAO ensures good governance and has invested heavily in the security of the protocol design, with in-built Governance Security Module, Oracle Security Module, Emergency Shutdown, Debt Ceilings, Liquidation Ratio and other features to mitigate malicious exploits. Additionally, ADADAO provides non-custodial vaults, with every $AUSD fully backed by on-chain collateral.

Cardano’s First Interest-Free Stablecoin
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Public sale on ADAX.PRO

ADADAO’s priority sale round (exclusive to $ADAX stakers) will start on February 12, 12:00 UTC, followed by the public sale open to everyone from February 13, 12:00 UTC. We anticipate substantial investor interest, so be sure to participate early!

Public Sale Details

  • Ticker: ADAO
  • KYC: No
  • Payment options: ADA

Priority Public Sale (24 hours before)

  • Price: 0.0378
  • Start: February 12 12:00 UTC
  • End: February 13 12:00 UTC
  • $ADAX Staking Requirement: 1000 $ADAX
  • Token Lock Period: 4 Months

Public Sale

  • Price: 0.04
  • Start: February 13 12:00 UTC
  • End: February 16 23:00 UTC
  • Token Lock Period: 4 Months

About ADAX

ADAX is an automated liquidity protocol that facilitates non-custodial and censorship-resistant trades within the Cardano ecosystem. ADAX seeks to obviate the need for centralized middlemen, facilitating token swaps, providing ample asset liquidity, and broader reorientation of the DeFi world towards Cardano. ADAX users will be able to effortlessly execute smart contract-based trades instantly and only at a fraction of the cost of the Ethereum network.

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ADAX is an automated liquidity protocol facilitating trades within the Cardano ecosystem in a completely decentralized and non-custodial way.