Ardana (DANA), a novel decentralized finance protocol and stablecoin minting instrument, has completed a sales campaign for DANA, its core native governance token.
Ardana raises $1,500,000 through Tokensoft and OccamRazer token sales.
According to the Ardana team’s official announcement, its two-stage initial decentralized exchange offering (IDO) on Tokensoft and OccamRazer has been completed successfully.
⚡The @ArdanaProject IDO pool is 100% filled!⚡
— Occam.fi ⛰️ (@OccamFi) November 4, 2021
Retail investors raised a total of $1,500,000 on the two platforms. The first DANA IDO took place on the Tokensoft platform on October 28. The tokensale price was set at $0.60 per token, with a maximum allocation of $500 per participating account.
Occam.Fi hosted the second round of the token sale on the OccamRazer platform. Participants in DANA’s second IDO invested a total of $500,000 in the product.
Ryan Matovu, CEO and Founder of Ardana, is enthralled by the opportunities presented by new funding:
We are delighted with the outcome of our most recent public fundraising round with Occam. Occam is unquestionably the leading Cardano launchpad, and we look forward to continuing our success with them as we approach our token launch in the coming weeks.
Ardana (DANA) previously raised $10 million from a slew of high-profile blockchain-focused venture capital foundations. The DANA private sale was attended by cFund, Three Arrows Capital, Ascentive Assets, DeFi Capital, Morningstar Ventures, Mechanism Capital, Kronos Research, FMFW.io, and MGNR.
Cardano is getting DeFi and stablecoins (ADA)
Ardana (DANA) intends to build a unified stablecoin infrastructure on top of the Cardano (ADA) blockchain. Customers can use Cardano’s native token ADA as collateral to mint the dUSD stablecoin.
Ardana, is also working to improve interoperability between Cardano (ADA) and other promising smart contracts environments.
In addition, it collaborated with COTI Network to develop one of the first fiat on-ramps to the Cardano (ADA) ecosystem.