And that potential is starting to come to fruition, transforming the communities collective vision into a reality. Through Occam, we can help the Cardano ecosystem grow, enhancing its DeFi capabilities. As the momentum and interest in our technology is growing, we are excited to share with our community our products and roadmap with a greater level of detail. Bringing deep levels of liquidity from other blockchains is no simple task, but we will aim to achieve it at an accelerated pace and with unparalleled quality.

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Occam Finance

<p><span>Publish by</span><span>&nbsp;</span><a href="https://coin98insights.com/chungnguyen"><span>Charlie</span>&nbsp;</a><span>at</span><span>&nbsp;</span><span>08 November 2021</span></p><p>In September 2021, ADA reached the target price of $3 with a market cap of over $90B. This was a milestone for the Cardano community as it proved that they have a strong belief in the project.</p><p>In this article, we will break down some recent activities of Cardano and its ecosystem.</p><ul><li>How Cardano motivates new projects.</li><li>What’s about the infrastructure of Cardano?</li><li>What is Initial Stake Pool Offering?</li></ul><p>Let’s get started!</p><h2 id="Cardano_Ecosystem_Overview">Cardano Ecosystem Overview</h2><p>Since the&nbsp;<a href="https://coin98insights.com/what-is-cardano-ada" target="_blank"><span>Cardano&nbsp;</span></a>smart contract mainnet was released in September 2021, we’ve seen the expansion of Cardano in the increasing number of new projects. To prove that point, we will compare the Cardano ecosystem before and after the Alonzo mainnet.</p><p>Looking at the landscape of Cardano in May 2021, no one can think of any blockchain ecosystem with years of development to have so few projects on it.</p><figure class="image"><img src="https://file.publish.vn/amberblocks/2021-11/cardano-ecosystem-2-1636314608347.png">Cardano Ecosystem in May 2021. Source:&nbsp;<a href="https://twitter.com/Cardians_" target="_blank" rel="nofollow noopener noreferrer">Cardians_</a></figure><p>And after the smart contract mainnet, we’ve witnessed lots of new projects becoming a part of the Cardano ecosystem. Every lego part of the ecosystem is available such as DEX, Lending, Launchpad, Tools, especially NFTs. We have a great article that breaks down those legos of the Cardano ecosystem.</p><p><span>See Also:&nbsp;</span><a href="https://coin98insights.com/cardano-ecosystem" target="_blank"><span>Cardano Ecosystem Overview</span></a></p><figure class="image"><img src="https://file.publish.vn/amberblocks/2021-11/cardano-ecosystem-ispo-1636314635137.png">Cardano Ecosystem in Sep 2021. Source:&nbsp;<a href="https://twitter.com/Cardians_" target="_blank" rel="nofollow noopener noreferrer">Cardians_</a></figure><p>As a result, the size of the Cardano ecosystem can now be compared to other blockchain ecosystems such as Fantom, Avalanche, or even Solana.</p><p><span>Plutus Smart Contract</span></p><p>Cardano smart contracts are written in&nbsp;<span>Haskel/Plutus</span>&nbsp;programming language, which is different from the popular Solidity one. Therefore, developers need time to get their hands on Plutus to build DApps (Decentralized Applications) on Cardano. Since the smart contract mainnet, we can track the number of Plutus scripts that have been executed in the following chart.</p><figure class="image"><img src="https://file.publish.vn/amberblocks/2021-11/cardano-plutus-scripts-chart-1636314590421.png">The number of Plutus Scripts. Source:&nbsp;<a href="https://twitter.com/Cardians_" target="_blank" rel="nofollow noopener noreferrer">Cardians_</a></figure><p>We can see the number of executed scripts has been strongly increasing recently to&nbsp;<span>162 scripts</span>. However, it’s hard to anticipate that which number will be enough to have the first DeFi application running on Cardano. At least, we can know that they’re making progress instead of standing and doing nothing.</p><h2 id="Cardano_Acceleration">Cardano Acceleration</h2><p>By looking above at the two landscapes, you can see the big picture of the fast Cardano ecosystem growth. You might wonder what is the reason behind this expansion.</p><p>Like other blockchain ecosystems, they released DeFi incentive programs with millions and billions of dollars to accelerate the growth. Cardano also has independent entities that focus on the development of projects on the Cardano blockchain platform.</p><figure class="image"><img src="https://file.publish.vn/amberblocks/2021-11/ispo-100m-incentive-1636318020655.jfif">EMURGO $100M Incentive Program. Source:&nbsp;<a href="https://twitter.com/Cardians_" target="_blank" rel="nofollow noopener noreferrer">Cardians_</a></figure><p>Emurgo has released the $100M incentive program that focuses on DeFi acceleration. Three projects received the incentive investment: ADAVerse, MilkomedaM1, Adanian Labs.</p><h3 id="Project_Catalyst">Project Catalyst</h3><p>In simple terms, Project Catalyst is a decentralized forum built on Cardano that has the ultimate goal to fund prominent projects on Cardano. It is a core program that profoundly contributes to the development of the ecosystem and its expansion.</p><figure class="image"><img src="https://file.publish.vn/amberblocks/2021-11/ispo-catalystproject-1636318141966.jfif">Cardano Project Catalyst. Source:&nbsp;<a href="https://twitter.com/Cardians_" target="_blank" rel="nofollow noopener noreferrer">Cardians_</a></figure><p>ADA delegators can propose their ideas to the community for discussion, consultation, and assessment. After this process, the community will vote on projects that will be funded by the treasury of Project Catalyst which is over $2B worth of ADA.</p><figure class="image"><img src="https://file.publish.vn/amberblocks/2021-11/ispo-submitted-ideas-1636318278323.jpg">Project Catalyst Proposals. Source:&nbsp;<a href="https://twitter.com/Cardians_" target="_blank" rel="nofollow noopener noreferrer">Cardians_</a></figure><p>In the DApps and Integration category of Fund6, we’ve seen projects with the highest vote. Those projects had to pass many rounds of assessment. The ADA delegators have the strongest voting power to decide which projects will get the requested fund.</p><figure class="image"><img src="https://file.publish.vn/amberblocks/2021-11/cardano-projectcatalyst-fund6-results-1636318364685.png">Funding Approval in Fund6. Source:&nbsp;<a href="https://twitter.com/Cardians_" target="_blank" rel="nofollow noopener noreferrer">Cardians_</a></figure><p>Recently, Project Catalyst fund6 has finished the voting process and the result is going to be released soon. As you can see the rapid growth of the number of proposals, Fund1 had 56 proposals then Fund6 had over 800 proposals. The total distributed value of Fund6 is 4M ADA for most trusted projects.</p><p>Catalyst Fund7 will be $8M in ADA for the best proposals</p><h3 id="Cardano_Developer_Portal">Cardano Developer Portal</h3><p>Cardano Developer Portal is an educational program started by the Cardano Foundation with its partners to equip newcomers to Cardano with information and basic knowledge about the blockchain platform.</p><p>Furthermore, this is specially designed for developers who want to deploy their ideas or contribute to the Cardano platform. Generally, Cardano Developer Portal is like a 101 book of Cardano for starters.</p><figure class="image"><img src="https://file.publish.vn/amberblocks/2021-11/ispo-portal-1636318428989.jpg">Cardano Developer Portal. Source:&nbsp;<a href="https://twitter.com/Cardians_" target="_blank" rel="nofollow noopener noreferrer">Cardians_</a></figure><p>The program consists of the following six phrases:</p><ul><li><span>Get Started:</span>&nbsp;Understanding overview, tools, and technical concepts.</li><li><span>Integrate Cardano:&nbsp;</span>Exploring Cardano wallets and diving in Cardano applications.</li><li><span>Metadata Building:</span>&nbsp;Learning about Metadata and how it works.</li><li><span>Discover Native Token:</span>&nbsp;Learning how to build a native token and an NFT on Cardano.</li><li><span>Project Funding:&nbsp;</span>Understanding Project Catalyst.</li><li><span>Stake Pool Operation:&nbsp;</span>Learning how to stake in stake pools and operate a stake pool system.</li></ul><h3 id="cFund">cFund</h3><p>cFund is a mutual collaboration among three organizations: Wave Finance, Input Output Global (IOG), and the Cardano Foundation. It independently operates like an institutional VC. Moreover, like Project Catalyst, they are contributing a lot to the development of Cardano in the crypto world as well as the real world.</p><figure class="image"><img src="https://file.publish.vn/amberblocks/2021-11/ispo-cfund-1636318636983.png">Invested in by cFund</figure><p>IOG and the Cardano Foundation are popular in the Cardano community while Wave Finance with a total asset value of over $500M has recently “skin-in-the-game” by choosing Cardano. In the present, cFund has invested in&nbsp;<span>11 projects</span>&nbsp;ranging from DeFi to financial entities such as Ardana, SundaeSwap, Occam Finance, Runtime Verification, etc.</p><h2 id="Infrastructure">Infrastructure</h2><h3 id="Wallet">Wallet</h3><p>In June 2021, there were only 6 supported wallets on Cardano, but currently, that number has become 15 wallets. The wallet is a bridge that connects users to platforms such as CEX (Centralized Exchange) or DEX (Decentralized Exchange) for using services. Therefore, it is a very important lego part of the ecosystem.</p><figure class="image"><img src="https://file.publish.vn/amberblocks/2021-11/ispo-wallet-1636318659593.jfif">Wallets for Cardano. Source:&nbsp;<a href="https://twitter.com/Cardians_" target="_blank" rel="nofollow noopener noreferrer">Cardians_</a></figure><p>From Jan 2021 to Oct 2021, the number of ADA wallets has linearly increased to over 2M wallet addresses. This reflects the demand of users for ADA storage considerably increasing.</p><figure class="image"><img src="https://file.publish.vn/amberblocks/2021-11/cardano-2m-wallets-1636318702884.png">The number of Cardano wallets. Source:&nbsp;<a href="https://twitter.com/Cardians_" target="_blank" rel="nofollow noopener noreferrer">Cardians_</a></figure><h3 id="Bridge">Bridge</h3><p>Bridge in the crypto world is regarded as a solution for blockchain interconnection. It indicates the scalability of the blockchain while connecting with others, which helps the cash flow move among blockchains.</p><p>On Cardano, we’ve seen multiple solid partnerships to build bridges among blockchains. Despite no DeFi projects in operation, those collaborations are building blockchain bridges to connect with Cardano for the upcoming mega migration, including IOHK &lt;&gt; Bondly Finance, Ardana &lt;&gt; Elrond Network, Cardano &lt;&gt; Nervos.</p><h2 id="Initial_Stake_Pool_Offering">Initial Stake Pool Offering</h2><p>Initial Stake Pool Offering (ISPO) is an innovative fund-raising method on Cardano. In simple terms, ADA holders stake their tokens in stake pools owned by the project team. Those ADA delegators will receive tokens given by the project. Then the stake pool operators will take the ADA rewards to fund the projects.</p><p>Before going into which projects are running the ISPO program on Cardano in the following part, we will introduce some advantages of it:</p><ul><li>Attracting new delegators (stakers) to generate long-term profits ⇒ This reduces short-term hop in and out.</li><li>Measuring the credibility by evaluating the number of ADA in stake pools ⇒ This eliminates fraudulent and scam projects.</li><li>Having the demand for tokens distributed by the ISPO projects, users have to buy ADA for staking ⇒ This incentivizes the ADA price to grow ⇒ attracting attention.</li></ul><p>Therefore, this method is widely used by multiple blockchain ecosystems since it benefits both delegators and the project team. We will list blockchain platforms using this similar method:</p><ul><li><span>Terra</span>: Stake LUNA to earn MIR, ANC, etc.</li><li><span>Solana:</span>&nbsp;Sunny Aggregator and Saber allow users to stake SOL to earn SUNNY and SBR.</li><li><span>Polkadot:&nbsp;</span>Stake DOT or KSM to earn native tokens of projects</li><li><span>Tron:</span>&nbsp;TRX holders often receive token airdrops.</li></ul><h3 id="ISPO_Trend">ISPO Trend</h3><p>Currently, there are 7 DeFi projects on Cardano running ISPO programs to distribute their tokens to ADA delegators. This might create a new trend in the Cardano ecosystem since it can be an effective marketing tool for projects to raise their community.</p><figure class="image"><img src="https://file.publish.vn/amberblocks/2021-11/ispo-projects-running-1636318930681.png">Projects use the ISPO program</figure><figure class="image"><img src="https://file.publish.vn/amberblocks/2021-11/ispo-total-staked-1636318936648.png">Total ADA Staked</figure><p>As you can see in the chart above, the total percentage of ADA staked was about 68% at the beginning of 2021, then the percentage increased to 72% and has been ranging around it over time. This means&nbsp;<span>over 70% of the total supply ADA</span>&nbsp;is being staked in pools to earn ADA rewards, reducing the number of circulating ADA in the market.</p><p><span>⇒ Less ADA holders who want to sell ⇒ the ADA price will increase in the long-term.</span></p><p>We calculated that the total of ADA staked in the ISPO stake pools is just over 1B ADA. This humble number is just&nbsp;<span>4% of the current total supply</span>&nbsp;of ADA. Therefore, the ISPO program can expand further if it becomes a trend inside the ecosystem.</p><figure class="image"><img src="https://file.publish.vn/amberblocks/2021-11/cardano-ispo-1636447476850.png">Initial Stake Pool Offering (ISPO). Source:&nbsp;<a href="https://twitter.com/Cardians_" target="_blank" rel="nofollow noopener noreferrer">Cardians_</a></figure><p>There are hundreds of large stake pools with millions of ADA staked. If projects on Cardano can collaborate with them to release the ISPO program, it will be a huge wave since the ISPO program is a win-win game. Delegators get the tokens and don’t worry about being rug-pulled or losing their ADA. The pool operators get the rewards and more ADA staked in their pools.</p><h3 id="ISPO_Projects">ISPO Projects</h3><p><a href="https://coin98insights.com/what-is-minswap-min" target="_blank"><span>Minswap&nbsp;</span></a>is an AMM DEX on Cardano that has recently released testnet then the concurrency issue happened. Talking about ISPO, Minswap called it FISO and has been running the program since the epoch 285th. They are now having over 200M ADA staked in stake pools of Minswap partners.</p><figure class="image"><img src="https://file.publish.vn/amberblocks/2021-11/ispo-minswap-1636318955820.png">Minswap ISPO</figure><p><a href="https://coin98insights.com/what-is-meld" target="_blank"><span>MELD&nbsp;</span></a>is a lending protocol on Cardano that is running the ISPO program with over&nbsp;<span>600M ADA</span>&nbsp;staked in their MELD pools. This gives MELD first place in the ISPO leaderboard in terms of ADA.</p><figure class="image"><img src="https://file.publish.vn/amberblocks/2021-11/ispo-meld-1636318968935.png">MELD ISPO</figure><p><a href="https://coin98insights.com/what-is-ray-network-xray" target="_blank"><span>Ray Network</span></a>&nbsp;is an all-in-one DeFi station offering multiple products such as Swap, Launchpad, Tools, NFT, etc. They are running the ISPO program with nearly 100M ADA staked in their RAY pools.</p><figure class="image"><img src="https://file.publish.vn/amberblocks/2021-11/ispo-xray-1636318973131.png">Ray Network ISPO</figure><figure class="image"><img src="https://file.publish.vn/amberblocks/2021-11/ispo-ray-pools-1636318983438.png">Ray Stake Pools</figure><p><a href="https://coin98insights.com/what-is-sundaeswap-sundae" target="_blank"><span>SundaeSwap&nbsp;</span></a>is an AMM DEX on Cardano that has a working principle similar to Uniswap v2. They’re planning to launch the stake pool offering (SPO) program with a period of 5 epochs to distribute SUNDAE tokens to users.</p><figure class="image"><img src="https://file.publish.vn/amberblocks/2021-11/ispo-sundae-1636318998484.png">SundaeSwap</figure><figure class="image"><img src="https://file.publish.vn/amberblocks/2021-11/ispo-sundae-1-1636319004223.png">SundaeSwap ISPO</figure><h2 id="Conclusion">Conclusion</h2><p>We will briefly conclude the article via some key highlights for readers’ convenience:</p><ul><li>Cardano has a perfect trio (Project Catalyst, Cardano Developer Portal, and cFund) to accelerate the Cardano ecosystem, especially DeFi.</li><li>The infrastructure basis of Cardano is being assembled together with new-supported wallets and blockchain bridges.</li><li>Initial Stake Pool Offering might be a useful tool for Cardano and projects to attract new crypto enthusiasts to the ecosystem.</li></ul><p>And that is all you need to know about the most recent activities of the Cardano ecosystem and the ISPO programs. I hope you’ve gained the overview and our insights will be useful to you.</p><p>If you want to know further about the Cardano ecosystem, please leave a comment below and join&nbsp;<a href="https://t.me/Coin98Community" target="_blank" rel="nofollow noopener noreferrer"><span>Coin98 Community</span></a><span>&nbsp;</span>for further discussions about Crypto.</p><p>Source:&nbsp;<a href="https://coin98insights.com/initial-stake-pool-offering-ispo" target="_blank">https://coin98insights.com/initial-stake-pool-offering-ispo</a></p>

Cardano Feed

Initial Stake Pool Offering (ISPO) - Cardano's risk-free fundraising method

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<p>Cardano (ADA) developer IOG has launched the first testnet for their smart contract platform,<a href="https://www.newsbtc.com/news/cardano/cardano-smart-contracts-marlowe-run/" target="_blank" data-wpel-link="internal"> &ldquo;Alonzo Blue&rdquo;</a>. The first stage of a roadmap set to be completed around September with full implementation of smart contract capabilities for the platform. The evolution of Cardano has not gone unnoticed.</p>
<p>Popular crypto analyst Ben Armstrong recently revealed his 1,000,000 ADA holdings which he bought when this cryptocurrency&rsquo;s price was under $0.15.<a href="https://www.newsbtc.com/news/cardano/cardano-boss-says-good-riddance-to-dying-banking-system/" target="_blank" data-wpel-link="internal"> The analyst was attracted by their scientific approach and clear development phases.</a></p>
<p>This practice has maintained until this day. IOG has outlined every step to be taken with Alonzo and the deployment of smart contracts. Charles Hoskinson, the inventor of Cardano, has said that this method takes more time to be completed, but reduces bugs and provides a better result. End users will be the most benefit. Armstrong <a href="https://www.youtube.com/watch?v=exuNwAdCcZ0" target="_blank" rel="noopener follow" data-wpel-link="exclude">said</a>:</p><div><div><div>
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<p>Their roadmap is painstakingly mapped out to capture any corner cases keep the bugs to a minimum. Even on their website, they describe Cardano as peer-reviewed and evidence-based. This laser focus means that Cardano is primed to be a lean powerful machine ready to take the lead over their competitors.</p>
<p>He added that <a href="https://www.newsbtc.com/news/cardano/cardano-africa-special-event-soured-by-fact-checking-calls/" target="_blank" data-wpel-link="internal">Hoskinson and Cardano&rsquo;s vision to build a decentralized platform for government and corporate use with many real-world use cases</a> is another reason to be bullish on the project. Cardano, according to Armstrong, tries to be more than a platform to process transactions.</p>
<p>Cardano Is looking to help second and third world nations come out of poverty and better their people. A lot of the reason countries like Colombia or Botswana are struggling is because they lack the infrastructure to protect people&rsquo;s property.</p>
<h2>ADA Price Prediction, Imminent Parabolic Move?</h2>
<p>With the first tesnet for Alonzo deployed and IOG&rsquo;s recent partnerships in place, Armstrong expects ADA&rsquo;s price to increase by 4x.</p>
<p>At the time of writing, <a href="https://www.newsbtc.com/news/cardano/ada-drops-50-one-week-opportunity/" target="_blank" data-wpel-link="internal">ADA trades</a> at $1,69 and has been one of the most resilient cryptocurrencies during the recent crash. The 7-day and 30-day charts are in the green with 11.4% and 14% profit, respectively.</p>
<figure id="attachment_465108" aria-describedby="caption-attachment-465108"><img data-lazyloaded="1" src="image/gif;base64,R0lGODdhAQABAPAAAMPDwwAAACwAAAAAAQABAAACAkQBADs=" loading="lazy" data-src="https://www.newsbtc.com/wp-content/uploads/2021/06/Cardano-ADA-ADAUSDT-860x512.png" alt="Cardano ADA ADAUSDT" width="860" height="512" data-srcset="https://www.newsbtc.com/wp-content/uploads/2021/06/Cardano-ADA-ADAUSDT-860x512.png 860w, https://www.newsbtc.com/wp-content/uploads/2021/06/Cardano-ADA-ADAUSDT-460x274.png 460w, https://www.newsbtc.com/wp-content/uploads/2021/06/Cardano-ADA-ADAUSDT-768x458.png 768w, https://www.newsbtc.com/wp-content/uploads/2021/06/Cardano-ADA-ADAUSDT-750x447.png 750w, https://www.newsbtc.com/wp-content/uploads/2021/06/Cardano-ADA-ADAUSDT-1140x679.png 1140w, https://www.newsbtc.com/wp-content/uploads/2021/06/Cardano-ADA-ADAUSDT.png 1470w" data-sizes=" 860px) 100vw, 860px">ADA hits at recovery in the daily chart. Source: <a href="https://www.tradingview.com/chart/a4lKch7J/" target="_blank" rel="noopener follow" data-wpel-link="exclude">ADAUSDT Tradingview</a></figure><p>The analyst expects it to reach $6.80 in this current cycle. However, this is a conservative prediction. The price could go much further, Armstrong said:</p>
<p>But here&rsquo;s the thing that&rsquo;s setting ADA up for such a big pump. It&rsquo;s shown amazing resilience to price fluctuations compared to other alts during this bull run. It&rsquo;s smashed its all-time high repeatedly&hellip; I predict in my most bullish scenario that ADA can hit 8 to 9 dollars this year.</p>
<p>The analyst believes that Cardano&rsquo;s fundamentals are &ldquo;bright&rdquo;. There are different projects already working on the platform, such as Occam Finance,<a href="https://www.newsbtc.com/news/why-cardano-could-be-the-next-runner-up-to-ethereum/" target="_blank" data-wpel-link="internal"> Liqwid Finance</a>, and around 3,000 others, according to Armstrong. The dApps will tackle DeFi, DEX, a decentralized launchpad for fundraisers, and more.</p>

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NewsBTC

Why This Popular Crypto Analyst Bought 1 Million ADA

<p><a rel="nofollow" target="_blank" href="http://bit.ly/3rsRqeM"> <img width="1632" height="236" src="image/svg+xml,%3Csvg%20xmlns=%22http://www.w3.org/2000/svg%22%20viewBox=%220%200%201632%20236%22%3E%3C/svg%3E" data-src="https://cryptoslate.com/wp-content/themes/cryptoslate-2020/images/partners/invictus/invictus-top-post-a.jpg" alt=" Invest in a Crypto Index Fund"></a></p><p>Occam Finance has conducted a hugely successful initial decentralized offering (IDO) on its proprietary OccamRazer platform, selling 200,000 OCC tokens in less than 20 seconds. And while the oversubscribed offering left most of the 150,000 prospective buyers empty-handed, it stands as a proof-of-concept of the platform&rsquo;s efficiency.</p><h2>The first IDO on Cardano sees huge success</h2><p>OccamRazer, a decentralized funding platform and liquidity solution specifically built to suit the needs of the <a href="https://cryptoslate.com/coins/cardano/">Cardano</a> network, has completed its own IDO on April 14, marking a hugely important milestone not just for Cardano, but for the entire DeFi ecosystem. Occam Finance was one of the <a href="https://cryptoslate.com/cardano-ada-could-soon-get-an-on-chain-liquidity-boost-heres-how/">first</a> major decentralized applications to launch for Cardano and has set its sights on making Cardano the go-to network for fundraising.</p><p>Its goal isn&rsquo;t to mimic the service offered by platforms such as Pancakeswap, but to create a native ecosystem on Cardano that provides projects with a straightforward way of raising funds.</p><p>The OCC token, Occam Finance&rsquo;s native cryptocurrency, was the first token to be released on the OccamRazor launchpad platform and the first initial decentralized exchange offering (IDO) to be released on Cardano.</p><p>According to the company&rsquo;s press release, OCC&rsquo;s IDO saw 200,000 tokens sold in less than 20 seconds. The lightning-fast round was highly oversubscribed and took the team by surprise as they weren&rsquo;t expecting such engagement.</p><p>&ldquo;In one simultaneous launch, we have both proven the capabilities of our OccamRazer platform to host IDOs and we have provided a fair and transparent way of offering the OCC token to our community. I&rsquo;m blown away by the response from our strategic partners and community,&rdquo; said Mark Berger, the President of the Occam Association.</p><h2>OCC&rsquo;s oversubscribed IDO demonstrates the power of decentralized launchpads</h2><p>Occam also addressed the problems its users experienced during the IDO. With almost 150,000 visitors arriving on the OccamRazer website and attempting to participate in the IDO at the same time, only a handful of users actually got the chance to buy the token. This resulted in some criticism from the community, which claimed that the approach favored whales and excluded small players from the ecosystem.</p><p>In a blog post, Occam <a href="https://medium.com/occam-finance/an-open-letter-to-the-occam-fi-and-cardano-community-from-the-occam-association-431177bc43e1">explained</a> that it chose to launch the OCC IDO in line with its decentralized principles, which meant the platform couldn&rsquo;t control who bought the tokens. The only limitation put up by the team was a 1 ETH cap on token purchases.</p><p>The team said that they decided to make only a small number of tokens available on the OccamRazer platform as a &ldquo;proof-of-concept&rdquo; that the platform actually worked.</p><p>&ldquo;We wanted to showcase the functionality of our platform in a novel way, and show our users that we weren&rsquo;t coming to market with the promise of a product &mdash; the OccamRazer platform can actually be used for IDOs,&rdquo; the team explained.</p><p>And while the fact that the OCC token was the first such offering on Cardano certainly contributed to its popularity, it also demonstrates the power of decentralization. With the Occam Finance team announcing more IDOs in the near future and various other reward plans for the Cardano community, it&rsquo;s safe to say that the DeFi ecosystem on Cardano is set to see a huge growth spurt in the coming months.</p><p><a rel="nofollow" target="_blank" href="https://bit.ly/3w5M4cd"> <img width="1170" height="238" src="image/svg+xml,%3Csvg%20xmlns=%22http://www.w3.org/2000/svg%22%20viewBox=%220%200%201170%20238%22%3E%3C/svg%3E" data-src="https://cryptoslate.com/wp-content/themes/cryptoslate-2020/images/partners/raze/raze-price-chart.jpg" alt="Cross-chain privacy middleware"></a></p><div><h2>Get an <span>edge</span> on the cryptoasset market</h2><p>Access more crypto insights and context in every article as a paid member of <span>CryptoSlate Edge</span>.</p><div><p><span></span> <strong>On-chain analysis</strong></p><p><span></span> <strong>Price snapshots</strong></p><p><span></span> <strong>More context</strong></p></div> <p><a href="https://cryptoslate.memberful.com/checkout?plan=43765">Join now for $19/month</a> <a href="https://cryptoslate.com/edge/">Explore all benefits</a></p></div><p><a rel="nofollow" target="_blank" href="http://bit.ly/30miVum"> <img width="1226" height="434" src="image/svg+xml,%3Csvg%20xmlns=%22http://www.w3.org/2000/svg%22%20viewBox=%220%200%201226%20434%22%3E%3C/svg%3E" data-src="https://cryptoslate.com/wp-content/themes/cryptoslate-2020/images/partners/invictus/invictus-below-post-a.jpg" alt=" Invest in a Crypto Index Fund"></a></p><p><h3>Like what you see? <span>Subscribe for updates.</span></h3> </p>


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Occam just completed a hugely successful initial decentralized exchange offering (IDO)

<div><p>OccamRazer brings a new ray of hope for the Cardano platform</p><div data-td-block-uid="tdi_35_4f4"><div><ul><li>The Cordano ecosystem has launched OccamRazer to support itself and bring a fully decentralized funding platform upon a comprehensive and potential platform.</li></ul><ul><li>The Cardano ecosystem will see the light of the day once the OccamRazer is launched.</li><li>It means that the Cardano ecosystem will witness a massive expansion of its on-chain liquidity. OccamRazer is a decentralized funding platform and liquidity solution built to suit the needs of the network.</li></ul><p>Unlike other platforms that embarked upon a successful journey this year, the platform can taste success and improved Cardano&lsquo;s position in the market.</p><h2>Slow pace makes it notorious</h2><p>The network has been in bad shape for it&rsquo;s slow development for those who understand the web. Where the size and popularity of Cardano don&rsquo;t make this evident to those unfamiliar with the project, the platform has been considered as being notorious for its bootstrapping and slow development process. Hence, the popularity of Cardano sees its bearing end.</p><p><span>&ndash; Advertisement &ndash;</span><span id="ct_c6uGRooW2Ir"></span></p><p>The platform is fully decentralized now, and Goguen, governance phase, released the time for projects to launch on Cardano and utilized the functions developed in many years. Occam Finance is one such decentralized application that was created first. This project was made to make Cardano the popular network for fundraising. The first to this network will be OccamRazer, a decentralized funding platform.</p><p>This platform will be offering a full suite of compliance and technology tools for professional venture capitalists. The launchpad will be user-friendly, which makes it competitive for those who are less tech-savvy.</p><p>OccamRazer is all set to host the customer projects in full swing and is all set to start the first project raising funds soon. On the other hand, Occam Finance believes that the platform of OccamRazer will eventually grow and will be fully equipped that will extend far beyond a launchpad and others.</p><p>New participants will come in besides businesses, venture capital, and applications into the Cordano ecosystem on creating a launchpad. This means this can attract millions of users from local communities to Cordano.</p><p>Under the Cordano ecosystem to fully utilize the OccamRazer, the first project will be successful from early-stage initiatives taken by Cordano&rsquo;s decentralized community-based funding platform. These projects will further grow and come to a position to read and write the Cardano ecosystem as the community has approved them. OCC token will also be launched to support the Occam project.</p><p><strong>Join The Coin Republic&rsquo;s Telegram Channel for more information related to CRYPTOCURRENCY NEWS and predication.</strong></p></div></div><p>Source: https://www.thecoinrepublic.com/2021/04/08/new-protocol-occamrazer-brings-new-hopes-for-cardano-ecosystem/</p></div>


Occam Finance ($)

Cardano has long been considered one of the most promising blockchains because of its potential for growth.

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