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A new decentralized protocol has been added to the Cardano (ADA) blockchain, the second largest proof-of-stake (PoS) blockchain.Coinecta eliminates the need for intermediaries in seed financing campaigns by connecting potential donors, investors, and stakeholders directly. Cardano’s (ADA) ecosystem welcomes Coinecta’s launchpad. Decentralized Web3 product launching platform Coinecta launches on the Cardano (ADA) network.Coinecta is designed to be a safe and reliable platform for cryptocurrency protocol funding rounds within the Cardano (ADA) ecosystem. CNCT, the platform’s native coin, will serve as its backbone. According to the company, Coinecta is a cryptocurrency system supported by the community that is entirely open source, decentralized, and built on the blockchain, but receives no funding from venture capitalists.El Salvador is one of the most crypto-friendly countries in the world, and the country is a significant Bitcoin (BTC) center, so it makes sense that the Coinecta team would like to get regulatory permission for their product there.<blockquote>“We have submitted our licensing application to the El Salvadorian authorities and are awaiting a response. Due to the slow pace of development, we have begun looking at alternate jurisdictions from which to launch the CNCT token sale. After its release, the CNCT token will have a staking tier that corresponds to an investor’s level of involvement in Coinecta’s token sales”.</blockquote>Djed (DJED), the first decentralized stablecoin created natively on the Cardano (ADA) network, will also be accepted on the IDO launchpad. For the first time, Cardano (ADA) and Ergo (ERG) will have inter-chain IDOs. Coinecta aims to provide Cardano-based IDOs with improved accessibility while also breaking down obstacles to cross-chain integrations for the protocol’s users. Specifically, the network works with ErgoPad, a decentralized token sale platform built atop the Ergo (ERG) blockchain, which is an Ethash-based PoW network. Therefore, Coinecta could be among the first Web3 cross-chain IDO launchpads.

Coinecta, Cardano Launchpad, Kicks Off

Blocksays

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