• Dapps:16.23K
  • Blockchains:78
  • Active users:66.47M
  • 30d volume:$303.26B
  • 30d transactions:$879.24M

Charles Hoskinson Denies Claims Against ADA: Details and Comments

user avatar

by Giorgi Kostiuk

a year ago

  1. Claims Against ADA
  2. Charles Hoskinson's Comment
  3. How Cardano Staking Works


    4. Cardano founder Charles Hoskinson made a statement denying claims of ADA being locked in staking and artificially inflated market value. Let's look at what was said and how staking in Cardano actually works.

    Claims Against ADA

    The allegations focus on the claim that the only reason ADA is still at the top of the crypto rankings is due to inability of stakers to sell their tokens because they are locked into staking. ADA investors are allegedly unable to sell because of staking restrictions.

    Charles Hoskinson's Comment

    Cardano founder Charles Hoskinson explicitly stated that the claims that ADA holders are locked into staking pools and that the market value of ADA is intentionally inflated are unfounded. Hoskinson noted that Cardano offers liquid, non-custodial staking, unlike other projects that offer liquid staking derivatives.

    The lies and misinformation about Cardano have reached epic levels. Stake isn't locked, but they still lie.Charles Hoskinson

    How Cardano Staking Works

    Cardano staking allows ADA holders to stake their tokens into a staking pool to help secure the network and earn rewards every five days. Unlike other systems, staked tokens are not locked, so users can spend or move their ADA as they wish.

    In conclusion, the information about ADA tokens being locked in staking and inflated market value is not supported by facts. Staking in Cardano remains liquid and available to token holders.

0

Rewards

chest
chest
chest
chest

More rewards

Discover enhanced rewards on our social media.

chest

Other news

Hong Kong Maintains Financial Stability Amid Global Market Volatility

chest

Hong Kong's financial environment remains stable despite global market fluctuations, with total bank deposits exceeding HK$19 trillion.

user avatarMaria Fernandez

ED Conducts Search Operations Against Illegal Call Centers in India

chest

The Enforcement Directorate of India conducted search operations at nine locations linked to a financial crime network operating illegal call centers.

user avatarKenji Takahashi

Two Indian Nationals Arrested for Money Laundering in the US

chest

Two Indian nationals, Tejas Patel and Navya Bhatt, were arrested in the US for money laundering linked to a large-scale scam operation targeting victims across several states.

user avatarMaria Fernandez

iShowSpeed Demonstrates USDT Use in Nigerian Shop

chest

A video shows internet personality iShowSpeed making a purchase in Nigeria using USDT, highlighting the practicality of cryptocurrencies in everyday transactions.

user avatarDiego Alvarez

The Importance of Project Management Architecture in Modern Entrepreneurship

chest

The choice of Project Management (PM) architecture is crucial for capital allocation and operational efficiency in startups.

user avatarSon Min-ho

Singaporean Retiree Falls Victim to Deepfake Crypto Scam

chest

A 75-year-old Singaporean retiree, Victor, lost money to scammers after being deceived by a deepfake video promoting a cryptocurrency investment scheme.

user avatarTando Nkube

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.