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Blockchain

SpinADA to list on PancakeSwap on 3rd November

Republished By Plato Republished By PlatoTime Stamp: November 2, 2021

SpinADA , which is Cardence’s first IDO project, will list on Pancakeswap on 3rd Nov at 1700 UTC. It is the first decentralized private transaction protocol for Cardano network. Massive gains are expected for early entrants at the time of listing as there is a lot of hype around this project after Steve Wozniak made a call for it.

SpinADA.Cash is fully incubated by Cardence and its IDO finished in 6 mins on the Cardence platform. Its IDO was also featured in the Coinmarketcap ICO calendar. 

SpinADA.cash came to prominence after Apple Co-Founder Steve Wozniak shouted out for the project and supported the project. 

SpinADA.cash is a fully decentralized protocol for private transactions on Cardano, which breaks the on-chain link between senders and receivers of Cardano native tokens on the blockchain. This gives complete privacy and security in a completely decentralized manner.

SpinADA.cash uses a Zero-Knowledge proof protocol known as zk-SNARK , developed by the good fellows at Zcash, and firstly implemented by tornado.cash on Ethereum, to ensure secure anonymous transactions of Cardano assets on the blockchain.

It features a Smart contract that accepts Cardano tokens and then allows anyone with proof of knowledge to withdraw those tokens through the use of Cryptographic keynotes.

When a sender submits a transaction, he receives a keynote and a corresponding hash is received by the Smart Contract. When a withdrawer furnishes the right keynote, it is matched with the hash to output the corresponding submitted tokens.

Protocol parameters will be governed by the community. A trusted setup ceremony for zk-SNARK will be organized through community participation to further decentralize the protocol.

SpinADA is the latest offering from the game-changing Cardence.io platform, which allows investors early access to invest at IDOs, before public release. 

More information on SpinADA is available on spinada.cash or join telegram group.

Disclaimer: This is a paid post and should not be treated as news/advice.

Source: https://ambcrypto.com/spinada-to-list-on-pancakeswap-on-3rd-november/

access Apple around Assets blockchain Calendar call Cardano Cash Co-founder CoinMarketCap community contract decentralized Early ethereum featured Features First good hash HTTPS ICO information Investors IT join knowledge latest List listing network offering platform privacy Privacy and Security private project proof protocol public security smart smart contract Steve Wozniak submitted Supported time Tokens transaction Transactions Zcash

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Source Node:
Time Stamp: September 21, 2023 3:04 PM - Modified On: September 21, 2023 - Published By:
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Republished By Plato

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Source Node:
Time Stamp: September 20, 2023 12:49 PM - Modified On: September 20, 2023 - Published By:
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Republished By Plato

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