Description
Cardana is a decentralized lending platform. It is built on a peer-to-peer (P2P) model in which borrowers and lenders interact directly without the need of a bank, broker, or financial intermediary. Cardana allows lenders to provide liquidity and receive interest in return and allows borrowers to borrow any amount they want for however long by providing collateral, eliminating the need for any registration or Know Your Customer (KYC) processes. It is de-fi at its finest ? a crowdfunding lending platform for everyone, everywhere, at any time.
Market Rank
In the dynamic and ever-changing landscape of cryptocurrencies, Cardana has established itself as a formidable player. It is currently ranked #3,649 in the cryptocurrency market based on its market cap. This ranking reflects the trust and confidence that the market has in Cardana as a viable digital asset.
Buy & Sell Taxes
When trading Cardana, it is important to consider the buy and sell taxes associated with each transaction. The buy tax for Cardana is 0.10%, while the sell tax is 0.08%. These taxes could potentially affect your overall returns, so it's crucial to factor them into your investment strategy.
Tokenomics
The tokenomics of Cardana consist of a total supply of 1,000,000,000 tokens, out of which 999,971,983 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 Cardana 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 Cardana, you can use various popular exchanges such as DexScreener, ArkenSwap, Trader Joe. These platforms offer a seamless experience and allow you to manage your investments in Cardana 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.
