The post Cardano Founder Denies ADA Staking and Market Cap Claims appeared on BitcoinEthereumNews.com.

Hoskinson denies ADA staking and market cap rumors. Cardano’s staking is liquid and non-custodial. Cardano founder Charles Hoskinson recently expressed his frustration over increasing misinformation regarding ADA staking and market cap manipulation. These false claims have become widespread, reaching what Hoskinson described as “epic levels.” A particular rumor asserts that ADA holders are trapped in staking pools. Consequently, this situation prevents them from selling their tokens and artificially inflates ADA’s market cap. This misinformation spread quickly after crypto commentators discussed it on a podcast. The commentators claimed that staking restrictions in Cardano’s ecosystem made it difficult for ADA investors to liquidate their holdings. Hoskinson quickly addressed these false claims, emphasizing that Cardano’s staking system differs from those of other projects. Unlike many blockchain networks, Cardano offers a liquid, non-custodial staking model. This means that ADA holders can stake their tokens without locking them up, allowing them to withdraw or trade their assets at any time. This model provides flexibility for investors while ensuring that the ADA ecosystem remains decentralized and secure. The Cardano community also played a crucial role in debunking these rumors. Community members highlighted that ADA tokens are never locked in staking pools. Instead, they are always available for use, even while earning rewards. This approach ensures that ADA’s market cap accurately reflects the circulating supply and prevents artificial inflation from forced staking. In response to the growing misinformation, Hoskinson urged the crypto community to verify facts before spreading information. He reiterated that Cardano’s staking system is designed to be both user-friendly and transparent, with no hidden mechanisms that would restrict token liquidity or manipulate market metrics. The incident highlights the importance of accurate information in the cryptocurrency space. As Cardano continues to grow, Hoskinson and the community remain committed to transparency and education, ensuring that ADA investors…

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Filed under: News - @ September 11, 2024 6:24 pm