$ADA, the cryptocurency with probably the most passionate community on social media, will soon be listed on one of the world’s longest running crypto exchanges (as well Europe’s largest crypto exchange by trading volume).
On Thursday (November 18), Bitstamp announced that it is preparing to welcome $ADA.
In a blog post published on November 18, the Bitstamp started by giving an introduction to Cardano and its native token $ADA:
“Cardano is a platform that offers tools and tech to innovators and visionaries to help them, as Cardano themselves say, to ‘redistribute power from unaccountable structures to the margins to individuals’. The open-source project aims high – to create a society that is more secure, transparent, and fair. It’s designed as the basis on which positive global change can be initiated…
“Cardano is a blockchain platform that aims to be a decentralised application (DApp) development platform with multi-asset ledger and verifiable smart contracts. It’s the first blockchain platform to be built on the basis of peer-reviewed research. The founders claim it’s secure enough to protect the data of billions, scalable enough to accommodate global systems, and robust enough to support foundational change…
“It’s a blockchain platform built on the Ouroboros, the proof-of-stake consensus protocol, and developed using the Haskell programming language that enables Cardano to pursue evidence-based development. This supposedly achieves unparalleled security and stability. The result of tech, that’s underpinned by extensive research and scientific approaches to find the best possible solution that’s completely scalable, is a blockchain platform that’s utterly impressive in its capability and performance, and which is truly able to support global applications, systems, and real-life business use cases.“
The blog post then went to explain the listing schedule:
- November 23: “ Deposits and withdrawals open but trading is not enabled yet.“
- November 24 (around 11:00 A.M. UTC): “You will be able to place and cancel limit orders, but they will not be matched.“
- November 24 (around 03:00 P.M. UTC): “Order matching will start and trades will be executed normally.“
Then, “once the order books gather sufficient liquidity”, Bitstamp will “enable all order types and card purchases for the new trading pairs as well.”
Another piece of good news for $ADA HOLDers that came out yesterday is that version 4.5.0 of Cardano wallet Daedalus has been released.
The Twitter account for crypto-focused YouTube channel “Altcoin Daily” said earlier that both Cardano and Polkadot are at the “baby” stage of decveliopment, suggesting that their native tokens ($ADA and $DOT) could go a lot higher.
Disclaimer
The views and opinions expressed by the author, or any people mentioned in this article, are for informational purposes only, and they do not constitute financial, investment, or other advice. Investing in or trading cryptoassets comes with a risk of financial loss.
