Decentralization Together
Providing open source tools to support DAO infrastructure and promote decentralization.

Driven By Decentralization
At ADAO, we never stop thinking about decentralization. Our tools are designed to empower the community and promote decentralization throughout the ecosystem. We know that decentralization is a process, but we believe in the power of what we can accomplish if we work together.

With our combined efforts, organizations will be able to govern themselves in new ways and incentivize members for contributions, while staying connected globally, any time, any day. This allows for open, fair ways to participate and be heard that suit your group's needs, whenever and wherever. The decentralized communities you form using the tools that we build will ultimately be the greatest measure of our success.

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ADAO

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Amid the volatile year that 2024 has proven to be thus far, Cardano (ADA) remains the top cryptocurrency on the market in one crucial metric. Specifically, <a target="_blank" href="https://x.com/santimentfeed/status/1749542374240628814?s=20">Santiment</a> has recently taken to X (formerly Twitter), to discuss how Cardano is performing against the host of competition. 
Moreover, the post stated that Cardano maintains the top spot in terms of development activity. Indeed, the rankings show that ADA has firmly entrenched itself in the metric that racks developed activity on projects that have been placed into Sentiments public GitHub repositories. 
<figure><img src="https://watcher.guru/news/wp-content/uploads/2023/12/cardano_getty_creative.jpeg.jpg" alt srcset="https://watcher.guru/news/wp-content/uploads/2023/12/cardano_getty_creative.jpeg.jpg 958w, https://watcher.guru/news/wp-content/uploads/2023/12/cardano_getty_creative.jpeg-300x169.jpg 300w, https://watcher.guru/news/wp-content/uploads/2023/12/cardano_getty_creative.jpeg-768x432.jpg 768w, https://watcher.guru/news/wp-content/uploads/2023/12/cardano_getty_creative.jpeg-380x214.jpg 380w, https://watcher.guru/news/wp-content/uploads/2023/12/cardano_getty_creative.jpeg-550x309.jpg 550w, https://watcher.guru/news/wp-content/uploads/2023/12/cardano_getty_creative.jpeg-800x450.jpg 800w" /></figure>
Also Read: <a target="_blank" href="https://watcher.guru/news/cardano-ada-price-prediction-january-end-2024">Cardano (ADA) Price Prediction: January End 2024</a>
<h2 id="h-cardano-ada-is-the-top-token-on-the-development-activity-ranking">Cardano (ADA) is the Top Token on the Development Activity Ranking</h2>
Although we are still less than a month through the year, volatility has been the optimal word for describing the digital asset market in 2024. Despite some landmark developments facing the industry, a plethora of tokens have been on a downtrend. With no asset safe from the widespread downtrend, some are showing their worth in other areas. 
Another asset that has been struggling is Cardano. Specifically, it is down more than 8% over the last 24 hours, and trading at $0.45 according to <a target="_blank" href="https://coinmarketcap.com/currencies/cardano/">CoinMarketCap</a>. However, it has shown to be the best-performing asset in one area. Indeed, Cardano (ADA) is still the top cryptocurrency in the metric of development activity. 
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Also Read: <a target="_blank" href="https://watcher.guru/news/cardano-ada-could-hit-7-but-theres-a-catch">Cardano (ADA) Could Hit $7, But There’s a Catch</a>
Santiment, a digital asset analytics firm, has shared a table showing how cryptocurrency projects compare. Specifically, this table showcases how they competed in terms of development activity over the last 30 days. As seen in the chart, Cardano is firmly in first. Subseuqnlety, Polkadot (DOT), and Kusama (KSM) follow. 
Cardano (ADA) has observed nearly 333 events over the past month. An ‘Event’ is the activity metric that Santiment uses to measure the work of developers. Moreover, an event can be triggered by a host of actions; including things like a code push, a comment, or forking. 
Both Polkadaot and Kusama are close to Cardano, with an indicator reading value of 329.57. Alternatively, the second largest digital asset, Ethereum (ETH) has notably fallen to the final spot of the top ten rankings. Conversely, the metric notes that development on the project is surging, which could be a notable piece of information for an asset’s future performance. 
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<div><ul><li><a target="_blank" href="https://watcher.guru/news/tag/ada">ADA</a></li><li><a target="_blank" href="https://watcher.guru/news/tag/cardano">Cardano</a></li><li><a target="_blank" href="https://watcher.guru/news/tag/cardano-ada">Cardano ADA</a></li></ul></div> 
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Watcher Guru

Cardano (ADA): Is Still the Top Cryptocurrency in One Vital Metric

Although cryptocurrencies are often associated with people and companies looking for quick ways to make money, those who have been in the world of these alternative currencies for a long time know that they can offer much more than that.If you look at the history of crypto, you will see that Bitcoin and alt-coins were created primarily to help people not rely entirely on banks, financial institutions, or governments when transferring their funds. Additionally, they are here to ensure the anonymity and privacy of users at a time when privacy is in question.In other words, cryptocurrencies are created to raise awareness of our privacy and dependence on official institutions, even when it comes to our hard-earned money. And yes, up until recently, crypto mainly was something you would think of as an investment or just spending it in order&nbsp;<a href="https://coingorilla.com/new-zealand-bitcoin-casino-reviews/">to have some fun</a>, however, as they have developed and grown in popularity, so have how they have a social impact across different purposes.<h2>Funding the Otherwise Unfundable</h2>Crowdfunding is the teched-out version of connecting people and communities regardless of their geographic location. Such platforms have helped dozens of companies and&nbsp;<a href="https://cardanofeed.com/projects">innovators raise funds for their projects</a>. That way, they don't have to borrow from banks or other places.After this, it can be seen that in the beginning, crowdfunding and cryptocurrencies are compatible. Both are trying to sideline financial institutions and speed up transactions that are not burdened with bureaucratic procedures.An excellent example of such cooperation is Brave Browser. If you didn't know, Brave is a free web browser with millions of active users.It first appeared on the market in 2019, primarily due to successful crypto funding. Namely, in 2017, this brand held an ICO (Initial Coin Offering) of the original&nbsp;<a href="https://www.investopedia.com/terms/b/basic-attention-token.asp#:~:text=The%20Basic%20Attention%20Token%20(BAT)%20is%20a%20blockchain%2Dbased,online%20marketing%20content%20and%20ads.">Basic Attention Token</a> based on Ethereum. According to some data, Brave Browser raised over $36 million in less than a minute this way.Unlike other mainstream browsers, Brave Browser is focused on blocking ads and website tracking and enabling more privacy for internet users (just like cryptocurrencies). Additionally, this internet browser allows users to activate ads while using it and receive BAT (Basic Attention Token) for viewing them. All in all, this is a great example of crypto's social impact through crowdfunding exciting projects.<img src="https://lh7-us.googleusercontent.com/z8sgDOo22q3pQEmhN6pS9PCu9xr180V6ZeLdd6UppceSR_r4dHVGDKkhAfq3lUoBDOH_PN1CF-upQH6fqrco4ufyKZ6wVeeUCcYsPAWLGxLWP3qH0721xw2L4x7lCxS1UBpwB6CNtkBP"><h2>Helping Science with Crypto</h2>If you think that only businesses need financing, then you are wrong. We should not forget that universities also spend considerable funds to maintain their educational and research work. It is not easy for them to collect those funds despite the support from the authorities and the annual student contributions.For example,&nbsp;<a href="https://from.ncl.ac.uk/funding-science-through-blockchain-technology-and-cryptocurrencies">Newcastle University often had to ask banks</a> and the government for funding. A few years ago, they decided to experiment and provide cryptocurrency financing for one of their projects.It was a project of Dr. Viktor Korolchuk from their Biosciences Institute. With that project, the role of bioactive autophagy inducers and the possibility of dealing with premature aging and diseases related to aging were considered.VitaDAO provided $285,000 in cryptocurrency for this research. It represents a community-owned collective focused on funding and improving unique longevity scientific research on healthier and longer human lives. The organization uses the blockchain to mint VitaDAO tokens. Interestingly, they have funded other projects in this field, like the ones from the Washington University in St. Louis and the University of Copenhagen.<h2>Charitable Giving</h2>While we would all agree that world governments should invest more in projects that will make our world a better place to live for all who inhabit it, the fact is that funds are always lacking. We will not go into who is to blame for this situation. Still, we will point out that each individual or company can contribute as much as possible.One of the problems that donors face is transferring funds to the beneficiaries/organizations that need that money to implement the projects. Cryptocurrencies have proven to be a quick way to get funds without any parties involved worrying about commissions. Of course, there is also the moment of anonymity and privacy.A concrete example of the social impact of crypto in this segment is the World Food Program. Its&nbsp;<a href="https://innovation.wfp.org/project/building-blocks">Building Blocks corporate project</a> is based on blockchain technology. It's a private blockchain network designed to gather various humanitarian organizations. The primary objective is to fight world hunger.

Cardano Feed

Enhancing Global Well-Being with Crypto

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<li>Coinbase Adds New Perpetual Futures: Coinbase is introducing perpetual future contracts for Cardano, Dogecoin, Chainlink, and Stellar, allowing users to speculate on their future values.</li>
<li>Minimal Market Impact: The announcement has not significantly affected the market, with some of the included cryptocurrencies showing slight declines.</li>
<li>Ongoing Delisting of Trading Pairs: Coinbase has recently delisted 80 trading pairs to improve market liquidity and health, while maintaining trading for these coins with USDC balances in certain regions.</li>
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<h2><a target="_blank" href="https://cryptopotato.com/wp-content/uploads/2023/11/Coinbase.jpg"></a></h2>
<h2>Coinbase’s Adjusted Offering</h2>
One of the largest cryptocurrency exchanges by trading volume – Coinbase – has <a href="https://twitter.com/CoinbaseIntExch/status/1728760371031458068" target="_blank">decided</a> to extend its support toward four cryptocurrencies. Those are Cardano (ADA), Dogecoin (DOGE), Chainlink (LINK), and Stellar (XLM), with the company including them in perpetual future contracts. 
The exact trading pairs are ADA-PERP, LINK-PERP, DOGE-PERP, and XLM-PERP, as those will become available for customers on November 30.
Perpetual future contracts enable users to speculate on the future valuation of a certain asset without an expiration date. They can also be held indefinitely. 
Coinbase’s announcement has not triggered substantial volatility for the aforementioned assets, with some of them even charting slight declines on a daily basis. XLM has plunged 5%, whereas LINK has dropped almost 6% (per CoinGecko’s data).
<h2>Coinbase’s Delisting Efforts</h2>
Apart from adding more tokens to its existing services, the exchange has also removed some over the past few months. In October, it <a href="https://cryptopotato.com/coinbase-will-delist-a-massive-80-trading-pairs-on-october-16th/" target="_blank">delisted</a> 80 trading pairs from Coinbase Exchange, Advanced Trade, and Coinbase Prime “to improve overall market health and consolidate liquidity.” 
Some of those include AGLD-USDT, BNT-BTC, SUSHI-BTC, ZEN-BTC, and many others. The team explained that Coinbase Advanced Trade users in eligible regions can still trade these coins using USDC balances. 
Prior to that, the organization <a href="https://cryptopotato.com/coinbase-to-suspend-6-crypto-assets-in-september/" target="_blank">suspended</a> trading with BarnBridge (BOND), DerivaDAO (DDX), Jupiter (JUP), Multichain (MULTI), Ooki (OOKI) and Voyager (VGX).
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Cryptopotato

Cardano (ADA) and Dogecoin (DOGE) Receive Additional Support by Coinbase: Details

As we move forward in our journey toward the mainnet launch, and as part of our ongoing commitment to delivering a world-class Stablecoin protocol for the Cardano community, we are pleased to announce the achievement of another significant milestone: the launch of AUSD EXCHANGE on the testnet.Our testnet platform has already provided a comprehensive array of functionalities, including Stablecoin issuance, Vault Creation/Activation and Closure, Collateral Deposit/Lending/Withdrawal, Oracles integration, stability pool management, rewards distribution, and liquidation mechanisms. These features have been meticulously developed to ensure a robust and secure ecosystem for our users.Now, with the addition of AUSD EXCHANGE on the testnet, we are further enhancing the utility of our platform. This new feature allows users to seamlessly buy and sell AUSD, our Stablecoin, with other Stablecoins available in the Cardano ecosystem. This expansion not only broadens the range of options for our users but also facilitates greater liquidity within the Cardano stablecoin market.We believe that this addition to our platform represents a significant step forward in our mission to provide a stable and efficient financial infrastructure for the Cardano community. We remain committed to our vision of creating a stable and reliable environment for financial transactions within the Cardano ecosystem.<h1 style="margin-left:0px;">How it works</h1>To commence, we have established a limited pool featuring the DJED/AUSD trading pair, specifically designed for testing purposes. This pool serves as an essential resource for conducting trials and assessments, allowing users to engage in the direct purchase and sale of AUSD within the exchange environment.You can visit to AUSD exchange testnet by visiting this <a href="https://test.adadao.org/exchange">link</a>.You can connect to your preferred wallet from the list.<img class="image_resized" style="width:680px;" src="https://miro.medium.com/v2/resize:fit:1400/1*t8GFTgw5wPtlxVFQuQYu6w.png" alt="" loading="lazy">You can either buy or sell AUSD depending on your choice.<img class="image_resized" style="width:680px;" src="https://miro.medium.com/v2/resize:fit:1400/1*T7ZpgaVuYP5xgRQzKigByw.png" alt="" loading="lazy">If you already hold AUSD on testnet you can sell AUSD for DJED. In case you do not have AUSD we would recommend to follow this <a href="https://adadao.medium.com/adadao-pre-prod-testnet-v2-0-is-live-9b09123f6374">article </a>and mint AUSD to your wallet. Please note that environment is Preprod.Once you click on sell it will show you the available pools that you can use to exchange AUSD. For now just DJED/AUSD pool is available for testing purposes.<img class="image_resized" style="width:680px;" src="https://miro.medium.com/v2/resize:fit:1400/1*Iwviyzf2TQGuOmScgFsYtA.png" alt="" loading="lazy">Once you confirm it, it will prompt blockchain transaction and you will get this amount of DJED in your wallet.<img class="image_resized" style="width:680px;" src="https://miro.medium.com/v2/resize:fit:1400/1*yskAgtAeyUuFCA7nwQc3Uw.png" alt="" loading="lazy">I n case you hold DJED tokens within your wallet on the pre-production testnet environment, you have the capability to directly engage in the acquisition of AUSD tokens from the AUSD exchange by using BUY option.<img class="image_resized" style="width:680px;" src="https://miro.medium.com/v2/resize:fit:1400/1*qMlLS_rmdi45LxSw1wjx0g.png" alt="" loading="lazy">AUSD will start to reflect in your wallet on successful transaction.<img class="image_resized" style="width:680px;" src="https://miro.medium.com/v2/resize:fit:1400/1*cHPNcmkXGsALrswCl2U0bA.png" alt="" loading="lazy"><h1 style="margin-left:0px;">Advantages of AUSD EXCHANGE (PSM MODULE)</h1>IntroductionThe purpose of the AUSD exchange is to enhance accessibility to AUSD within the community by establishing a market that enables users to buy and sell AUSD tokens at a price closely aligned with a 1:1 ratio (1 AUSD = 1 USD) without the necessity of collateral with surplus. Beyond this primary goal, there are several notable advantages associated with the AUSD exchange, as delineated below:1. System CollateralizationUnder this approach, all minted AUSD tokens enjoy full backing, either through Ada collateral with surplus via the borrowing service or through fiat Stablecoin support via the PSM service.2. AUSD Price RegulationThe AUSD exchange adopts a strategy that partially pegs the AUSD price to the fiat Stablecoin price, eschewing additional price regulation mechanisms. Consequently, users have continuous access to buying or selling AUSD tokens at market prices, contingent upon the availability of adequate fiat Stablecoins within the Cardano blockchain for purchase and within the PSM pool for sale.3. Enhanced System ResilienceThe AUSD exchange bolsters system resilience through a comprehensive mechanism that involves the seizure of collateral from undercollateralized Vaults. This mechanism can be summarized as follows:<ul><li>Seizure of $Ada collateral from undercollateralized Vaults.</li><li>Utilization of the seized $Ada to procure AUSD tokens within the PSM module.</li><li>The PSM module employs the acquired $Ada to acquire fiat Stablecoin tokens and mints the requisite amount of $AUSD tokens within a single transaction.</li><li>As part of the liquidation process, the system burns the corresponding quantity of $AUSD tokens. This process can combine minting and burning actions, effectively purchasing the necessary fiat Stablecoin tokens and depositing them into the PSM pool.</li></ul>This strategy fortifies the system against sharp declines in Ada prices that could lead to the emergence of uncovered debts within the Borrowing service. By seizing collateral from undercollateralized vaults and deploying it to acquire fiat Stablecoins, the system ensures the continued full backing of all $AUSD tokens, maintaining their price parity with fiat Stablecoins.4. Increased FlexibilityAUSD tokens naturally become more backed by fiat Stablecoins as the cost of $Ada declines. This phenomenon arises from users’ inclination to safeguard their assets by converting Ada funds into Stablecoins through the PSM module, driven by the prospect of potential liquidations. Conversely, as the cost of $Ada rises, it becomes more profitable for users to convert Stablecoins to $Ada or utilize the Borrowing service rather than retaining funds in Stablecoins. This flexibility emerges organically within a well-developed blockchain infrastructure, obviating the need for external regulation.We hold a steadfast conviction that the integration of this feature into our platform signifies a substantial leap forward in fulfilling our mission to provide the Cardano community with a resilient and streamlined financial infrastructure. Our resolute commitment to establishing a trustworthy environment for financial transactions within the Cardano ecosystem remains resolute and unswerving.

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