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ADAFI token is trending. What about ECIO? – Market wrap

ADA Finance is an exciting cross-dual-chain Defi ecosystem. It develops the ecosystem on both Cardano and Avalanche in parallel. The company has two separate development teams, Solidity, and Haskell, working on the smart contracts. They aim to deliver the ecosystem on both blockchains and offer users the freedom to choose on which blockchain they operate the ADAFi’s Defi ecosystem.

The company is also launching its native utility token ADAFI on December 17, 2021. The sale will end on December 18, 2021. 1,481,481 ADAFI will be available for purchase for the price of $0.135000 during the initial coin offering. The team plans to raise $200,000 with the ICO.

ADA Finance offers customers a fair, transparent and secure environment. On this platform, every action runs in a decentralized way. The team utilizes smart contracts at a high frequency to achieve that. Furthermore, they run smart contract audits to ensure the safety of the users’ assets. The partner company audits every ADA Finance smart contract prior to its release on the main net. According to the team, ADAFi DAO Program participants will be able to vote quarterly to decide which listed asset smart contract gets audited.

What is ADA Finance’s goal?

The company aims to offer Defi innovation to two emerging ecosystems, Avalanche and Cardano, by developing cross-dual-chain in parallel. ADA Finance introduces a DAO Program, Address Milestone Rewards, and a Referral Program to maximize platform growth and user activity-based rewards. Moreover, the company offers derivatives on ADAFi Swap with a decentralized approach. By using a decentralized price feed, it wants to counter the manipulated liquidation events on centralized entities.

ADA Finance’s mission is to introduce innovative and transparent passive earning opportunities. The team believes in the trust and transparency of the crypto industry.

How can customers use this platform?

Investors can connect to ADA Finance through non-custodial wallets. Moreover, the company offers Yoroi wallet and Nami Wallet for Cardano users and Metamask and Avalanche Wallet for Avalanche users.

After the user connects its wallet, the ADA Finance platform will load and reflect all the balances available in the wallet, optimizing the user experience.

ADAFi Swap uses an AMM or Automatic Market Maker. The latter is a smart contract that regulates trading. Smart contracts are decentralized. As a result, users will be able to trade with other customers’ provided liquidity effectively.

Moreover, ARC20 Token holders or Cardano Native Token (CNTs) holders will be able to use them for trading on ADAFi Swap. Customers can do that simply by connecting their non-custodial wallets. Margin trading will be beneficial, as it will only allow a limited amount of assets at x3 margin after launching. And it will also scale with the growth of the liquidity pools on ADAFi Swap.

The company stated that anyone would be able to list an asset on ADAFi Swap. However, they will have to lock a minimum amount of liquidity for twelve months. Customers will be able to report malicious token duplicates. They will get ADAFi tokens as reward for their contribution to protect traders. Various Projects may also set up farming pools on this platform to incentivize liquidity providers.

What about the Swap fee?

The team noted that there is a 0.3% fee for swapping tokens, as well as a 0.05% fee for stable coins or major pairs. Liquidity providers will split these fees according to their contribution to liquidity reserves within the liquidity pool.

The platform will immediately deposit swapping fees into liquidity reserves. That will increase the value of liquidity tokens. The latter function as a payout to all liquidity providers.

What about the LABEL Foundation?

LABEL is an NFT infrastructure. Built on top of the Ethereum Network, it has already attracted investors’ attention due to its exciting features. LBL utility and governance token powers this platform. The team aims to establish a fair profit-sharing ecosystem with the permissionless integration of IP rights.

This company provides a decentralized P2P incubating platform. It will enable users to invest in world-class entertainment-education content through the DAO voting system. Furthermore, contributors will be able to claim profits through the NFT shareholding mechanism. The team wants to return the true value back to the creators of digital education content. It will create a space for inventors, creators, consumers, and distribution platforms. Thus, they will have an opportunity to gather and coexist within a single ecosystem.

The team decided to launch the $LBL to drive the growth on the LABEL platform. This utility and governance token is a critical unit for integrating LABEL’s features. Its holders will enjoy decision-making ability. They will also have control over the decentralized platform.

Moreover, LBL Holders will be entitled to get additional rewards. However, they must engage in staking their LBLs in the DAO to get those rewards. The staking also enables the holders to participate in the major governance voting processes. The company primarily uses LBL Token to build the robust token economy in the LABEL Platform. It serves as a payment, staking, and governance unit.

LABEL will launch the ICO sale on December 16, 2021. 16,666,666 LBL will be available for purchase for the price of $0.003000 during the initial coin offering. The team aims to raise $50,000 with the sale, and it will accept BUSD in exchange.

The Metastrike ICO is also coming soon

Metastrike is a VR role-playing first-person shooter metaverse. The team took inspiration from successful titles, such as Counter-Strike: Global Offensive and Call of Duty. The company launched its token on the Binance Smart Chain. It will begin ICO sale on December 17, 2021. 5,000,000 MTS will be available for the price of $0.050000. Metastrike plans to raise $250,000 during the initial coin offering. MTS token offers attractive benefits to its holders. It is also very trending currently.

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