• 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

Market Analysis and Projections for AVAX Through 2030

chest

Analysts provide various projections for AVAX prices through 2030, highlighting the uncertainty and factors influencing these predictions.

user avatarLucas Weissmann

ZachXBT Uncovers $23M Wallet Linked to $90M Theft

chest

Crypto investigator ZachXBT uncovers a $23 million wallet linked to a $90 million theft, highlighting vulnerabilities in crypto security.

user avatarFilippo Romano

Saudi Arabia Unveils Lighthouse Operating System for Manufacturing Transformation

chest

Saudi Arabia's Ministry of Industry and Mineral Resources announced the Lighthouse Operating System to accelerate manufacturing transformation and diversify the economy.

user avatarEmily Carter

Saudi Arabia and WEF Sign Cooperation Agreement on Critical Minerals

chest

Saudi Arabia's Ministry of Industry and Mineral Resources signed a cooperation agreement with the World Economic Forum to secure sustainable supplies of critical minerals through 2027.

user avatarKaterina Papadopoulou

Launch of Business4Land Champions Council to Accelerate Land Restoration

chest

Launch of the Business4Land Champions Council to mobilize private sector leadership for land restoration and drought resilience.

user avatarTomas Novak

Saudi Arabia to Host First Global Coral Reef Summit in 2026

chest

Saudi Arabia will host the first Global Coral Reef Summit in 2026 to address urgent challenges related to coral reef ecosystems.

user avatarMaya Lundqvist

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.