Despite the numerous challenges that the Cardano ecosystem faced, January was more than successful for Aada Finance. We had a flying start to the New Year by remaining fully intact with our roadmap and milestones. Our next step towards continuing the trend is the Public Sale Token Claim event on 16th February.

As expected, users who own Proof of Purchase (PoP) NFTs will be able to claim their AADA tokens through Aada DApp. The event will be an official conclusion of the Private and Public Sale cycles. On the other hand, it will give a chance to early adopters to claim their tokens before our next roadmap milestone.

Public Sale Background

Initially, the Public Sale rounds were part of Aada Finance’s core funding strategy. They succeeded the Private Round and allowed ISPO delegators to acquire AADA tokens before the public distribution. To participate in each event, users had to have an active stake in the Aada SPO. The procedure involved receiving a referral and claiming a ticket using the protocol’s unique NFT-bond strategy.

During the Golden Round, the participants used their tickets to acquire from 100 to 300 ADA worth ticket size of AADA. The team allocated 500,000 tokens to 491 wallets at $0.35 apiece. As the first-come-first-serve didn’t allow everyone to participate in the sale. To make it fairer and as a community has required the team did change the allocation approach in the Silver Round.

In this regard, Silver Round was increased from an initial 250,000 AADA dedicated to the round to 750,000 AADA total. We extended the ticket claim period, divided the round supply, and set a maximum threshold based on the claimed tickets. As a result, 1214 wallets bought an average of 570.65 AADA at $0.45 apiece.

Accordingly, the Public Sale rounds allowed Aada ISPO delegators to scoop up a total of an additional 1,250,000 AADA. The entire process took a little more than a month. Also, it gave early adopters the chance to help the project development before its official release. Everyone could refer at least one friend and help grow the community more solid than before.

About the Token Claim Event

As mentioned, the Token Claim Event is live from 16th ofFebruary on the Aada Finance official website. The mechanism is similar to the token swap and Public Sale rounds. Consequently, it will exchange all Proof of Purchase receipts for the corresponding AADA tokens. The event will last until everyone claims their Public Sale AADA.

Receipt swap is quite similar as it was with token swap. You can claim your AADA by sending Receipt NFT to:
addr1v8pzqtm43van9wrmlh8vdt4kl0rt7wz0kyvahv440dv22zsp6g6qd Shortly after you will receive AADA to your wallet.

Additional Information

Recently, the Aada team decided to change the Tokenomics by releasing Aadanomics v.3. In turn, we scrapped the old v1 AADA tokens for the new AADA v2. We added 6 decimals and reduced the total supply of the new AADA v2 from 100,000,000 to 29,500,000 AADA.

If you’re still holding v1 AADA, you can use our v1 to v2 token swap here. The mechanism uses a Smart Contract to ensure all v1 tokens are swapped for the new AADA coins at a 1:1 ratio. You can use Nami to automatically conduct the transaction. Alternatively, you can manually send your v1 AADA to the following address:

V1 to V2 AADA token swap address:

addr1vxaq0fundw6a0kzden2sjdcgf2wcr2cvwz5eapz77mgkj6qqjnv3z

Conclusion

The Public Sale Token Claim event will begin on 10th February and intact with our roadmap milestone. The procedure will involve a simple swap using Nami and will be active until all receipt holders claim their tokens. That way, we’ll finalize the Public Sale cycle and get ready to embark on the next quest to conquer Cardano.

You can learn more about Aada Finance on our YouTube channel:

- What is AADA Finance?

- Decentralised Lending and Borrowing (Whiteboard session)

For additional information, you can read our Aada Finance Whitepaper here.