Cardano Welcomes Coinecta, a Web3 Cross-Chain IDO Launchpad

• Cardano welcomes Coinecta, a decentralized launchpad for funding crypto projects.
• Coinecta offers transparency and security, aiming for regulatory approval in El Salvador.
• Cross-chain IDOs and collaboration with ErgoPad push Cardano’s ecosystem boundaries.

Cardano (ADA), the second-largest proof-of-stake (PoS) blockchain, has introduced a groundbreaking decentralized protocol to its expanding ecosystem of decentralized applications (dApps). 

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Coinecta, a new decentralized launchpad for Web3 products, is now operational on the Cardano (ADA) blockchain. It offers an innovative way for fundraisers, investors, and stakers to engage in seed funding campaigns without relying on third-party intermediaries.

Coinecta’s launchpad is designed to bring transparency and security to funding rounds for cryptocurrency projects within the Cardano (ADA) ecosystem, utilizing CNCT as its core native cryptocurrency asset. 

The platform operates as a community-backed, fully open-source, decentralized on-chain cryptocurrency protocol, with no venture capital backing throughout its development stages.

The Coinecta team is actively seeking regulatory approval for its product in El Salvador, known for its crypto-friendly stance and status as a major Bitcoin (BTC) hub. While awaiting approval from the Salvadoran government, the team is exploring alternative jurisdictions to proceed with the CNCT token sale.

Once launched, the CNCT token will be available for staking, with staking tiers reflecting the level of an investor’s participation in Coinecta’s fundraising campaigns. The IDO launchpad will accept Cardano’s core token ADA, as well as Djed (DJED), the first decentralized stablecoin natively launched on the Cardano (ADA) blockchain.

In addition to enabling Cardano-based IDOs, Coinecta aims to expand its cross-chain integrations for clients by collaborating with ErgoPad, a decentralized tokensale platform on the Ethash-based proof-of-work (PoW) blockchain Ergo (ERG). This makes Coinecta one of the first cross-chain IDO launchpads in the Web3 landscape.

Cardano (ADA) continues to grow its ecosystem with innovative additions like Coinecta and the recent introduction of OptionFlow, its first on-chain derivatives trading platform. These developments highlight Cardano’s commitment to fostering a diverse and robust blockchain ecosystem.

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