Ardana (DANA), one of the pioneering DeFi and stablecoin dashboards on the Cardano (ADA) blockchain, shares details of its latest phases of token sales
Novel decentralized finance protocol and stablecoin minting instrument, Ardana (DANA), completes a sales campaign for its core native governance token, DANA.
Ardana raises $ 1,500,000 in token sales on Tokensoft and OccamRazer
According to the official announcement shared by the Ardana team, its initial two-stage Decentralized Exchange (IDO) offering on Tokensoft and OccamRazer has been successfully completed.
A total of $1,500,000 were raised by retail investors on the two platforms. The first DANA IDO took place on October 28 on the Tokensoft platform. The tokensale price was set at $0.60 with a maximum allocation of $500 for one participating account.
The second round of the token sale was hosted on the OccamRazer platform by Occam.Fi. In all, participants in DANA’s second IDO backed the product with $500,000 investments.
Ryan Matovu, CEO and founder of Ardana, is fascinated by the prospects opened up by new funding:
We are pleased by the success of our recent public fundraising round with Occam. Occam is surely the main launch pad on Cardano and we look forward to continuing to work with them as we get closer to our token launch in the coming weeks.
Previously, Ardana (DANA) raised $10 million from a clutch of high-profile blockchain-focused VC foundations. Namely, cFund, Three Arrows Capital, Ascentive Assets, DeFi Capital, Morningstar Ventures, Mechanism Capital, Kronos Research, FMFW.io and MGNR participated in the private sale of DANA.
Bringing DeFi and stablecoins to Cardano (ADA)
Ardana (DANA) aims at building seamless stablecoin infrastructure on the top of the Cardano (ADA) blockchain. It allows clients to mint USD stablecoin using Cardano’s native ADA token as collateral.
As covered by U.Today previously, Ardana is also focused on advancing interoperability between Cardano (ADA) and other promising smart contracts environments.
In addition, it has partnered with the COTI network to create one of the first access ramps to the Cardano ecosystem (ADA).
