Description
Spinada.cash is a completely decentralized protocol for private transactions on Cardano blockchain. It breaks the on-chain link between senders and receivers of Cardano native tokens on the blockchain. This gives complete privacy and security in a completely decentralized manner.
It uses a Zero Knowledge proof protocol known as zk-SNARKs , developed by the good fellows at Zcash, to ensure secure anonymous transactions of Cardano assets on the blockchain. It uses a Smart contract which accepts Cardano tokens and then allows anyone with a proof of knowledge to withdraw those tokens through the use of Cryptographic key notes. When a sender submits a transaction, he receives a Key Note and a corresponding hash is received by the Smart contract. When a receiver furnishes the right Key note, it is matched with the hash to output the corresponding submitted tokens.
Market Rank
In the dynamic and ever-changing landscape of cryptocurrencies, Spinada Cash has established itself as a formidable player. It is currently ranked #3,926 in the cryptocurrency market based on its market cap. This ranking reflects the trust and confidence that the market has in Spinada Cash as a viable digital asset.
Tokenomics
The tokenomics of Spinada Cash consist of a total supply of 100,000,000 tokens, out of which -51,140,882 tokens are currently in circulation. Understanding the tokenomics is crucial for potential investors, as it sheds light on the token's distribution and availability, which can directly impact its value and demand in the market.
Wallet Support
In order to securely store your Spinada Cash tokens, you can use a variety of wallets such as Trust Wallet, MetaMask, SafePal, Coin98. These wallets provide a safe environment for managing and storing your digital assets. It's essential to select a wallet that supports the specific cryptocurrency and offers a high level of security, user-friendliness, and compatibility with your preferred devices.
Popular Exchanges
To buy, sell, or trade Spinada Cash, you can use various popular exchanges such as ArkenSwap, Trader Joe. These platforms offer a seamless experience and allow you to manage your investments in Spinada Cash with ease. Always remember to conduct thorough research before choosing an exchange, as the security and reliability of the platform are crucial for your digitalassets.
