Ticker Symbol: $ADA

Blockchain: Cardano

Purpose: Utility token for transactions, staking, governance, and smart contract fees on the Cardano network.

Max Supply: 45 billion ADA

Consensus Mechanism: Proof of Stake (PoS) – Ouroboros protocol

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✅ What ADA is Used For:

1. Transactions: Like ETH on Ethereum, ADA is used to pay for fees on the Cardano network.

2. Staking: Users can delegate ADA to staking pools to earn passive income.

3. Governance: Holders can vote on proposals via Project Catalyst.

4. Smart Contracts: ADA is the gas for dApps running on Cardano.

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📊 Pros of Investing in ADA:

🟢 Pros 📋 Description

Low energy usage Cardano uses PoS, which is eco-friendly

Passive income ADA holders earn rewards through staking

Scientific approach Built on peer-reviewed research

Strong dev team Led by Charles Hoskinson, ex-Ethereum co-founder

Long-term potential Focus on real-world use, especially in developing countries