{"id":"ada-cardano","title":"ADA (Cardano)","content":"**ADA (₳)** is the [Cardano](https://iq.wiki/wiki/cardano-ada) network’s native token. It was named after 19th-century mathematician Ada Lovelace, widely regarded as the world’s first computer programmer. The ADA token is a [digital currency](https://iq.wiki/wiki/cryptocurrency) and is also used to perform transactions on the [Cardano](https://iq.wiki/wiki/cardano-ada) network. [[1]](#cite-id-442ok4wfmi7)\n\n## Overview\n\nThe ADA token can be used for [staking](https://iq.wiki/wiki/staking) on the [Cardano](https://iq.wiki/wiki/cardano-ada) platform to help verify transactions. Staking rewards users with more ADA [cryptocurrency](https://iq.wiki/wiki/cryptocurrency) and the [Proof of Stake](https://iq.wiki/wiki/proof-of-stake) (PoS) system helps maintain the network's security. ADA can also be used to facilitate [smart contracts](https://iq.wiki/wiki/smart-contract) and run applications on the [Cardano](https://iq.wiki/wiki/cardano-ada) network. [[2]](#cite-id-49seeyhora6)[[3]](#cite-id-q1xbqr3tfek)\n\nADA token holders who stake their ADA tokens will be able to participate in on-chain governance and vote on development proposals. [[5]](#cite-id-am1g9l31pp)\n\n## Distribution\n\nThe initial token launch for Cardano (ADA) was on the 29th of September, 2017. \n\n57.6% of the total ADA supply was distributed to investors in an [Initial Coin Offering](https://iq.wiki/wiki/initial-coin-offering) (ICO), in which Cardano raised $62.2 million. 11.50% was allocated to the Team (IOHK, EMURGO, and Cardano Foundation) and 30.90% to Staking Rewards. [[2]](#cite-id-49seeyhora6)\n\n![image](https://ipfs.everipedia.org/ipfs/QmVame9x2MkBA4b9qc9j9BRE2wE31ZHwRpLRiF2SK88oTS)\n\n## Supply\n\nThe maximum supply of the ADA token is capped at 45 billion, with an inflationary emission rate. Five distinct rounds of public sales were held by IOHK[[4]](#cite-id-0ji80bdcq3ch) between September 2015 and January 2017, giving interested buyers the chance to purchase ADA tokens and assist in early development. [[2]](#cite-id-49seeyhora6)\n1. $2.66M was raised in the Public Sale: Tranche 1 on Nov 2015 with an average price of $0.0024\n2. $16.49M was raised in the Public Sale: Tranche 2 on Apr 2016 with an average price of $0.0025\n3. $14.32M was raised in the Public Sale: Tranche 3 on Sep 2016 with an average price of $0.0026\n4. $19.36M was raised in the Public Sale: Tranche 3.5 on Sep 2016 with an average price of $0.0027\n5. $26.36M was raised in the Public Sale: Tranche 4 on Feb 2017 with an average price of $0.0028. [[2]](#cite-id-49seeyhora6)\n\n# Staking ADA\n\nValidators - also known as pool operators - charge a commission fee for running staking pools. Delegators receive staking rewards in proportion to the amount staked. \n\nEvery 5 days, the protocol automatically allocates and compounds staking income. Users are able to delegate to any staking pool without a lock-up period, and can freely move their stake. Rewards can be withdrawn without an unbounding period, though there is a latency period of 15-20 days before the initial stake begins to earn rewards. [[5]](#cite-id-am1g9l31pp)\n\n$$widget0 [YOUTUBE@VID](IQK2h0xXIWw)$$","summary":"ADA (₳) is a digital currency used to perform transactions on the Cardano network. It was initially launched in 2017 and is used by holders to stake, earn rewar...","images":[{"id":"Qmbim2q8p14jgWJ39w17vmyNcDAtCCCYWEyqmZX1a7YKfM","type":"image/jpeg, image/png"}],"categories":[{"id":"cryptocurrencies","title":"Cryptocurrencies"}],"tags":[{"id":"Protocols"},{"id":"Glossary"}],"media":[{"id":"QmVame9x2MkBA4b9qc9j9BRE2wE31ZHwRpLRiF2SK88oTS","size":"0.02","name":"image","type":"GALLERY","source":"IPFS_IMG"},{"id":"https://www.youtube.com/watch?v=IQK2h0xXIWw","size":"0","name":"IQK2h0xXIWw","type":null,"source":"YOUTUBE"},{"id":"https://www.youtube.com/watch?v=UMUztLQNqSI","name":"UMUztLQNqSI","source":"YOUTUBE","thumbnail":"https://www.youtube.com/watch?v=UMUztLQNqSI","caption":""}],"metadata":[{"id":"references","value":"[{\"id\":\"442ok4wfmi7\",\"url\":\"https://cardano.org/\",\"description\":\"cardano website\",\"timestamp\":1678464451521},{\"id\":\"49seeyhora6\",\"url\":\"https://www.coingecko.com/en/coins/cardano\",\"description\":\"coingecko - ada\",\"timestamp\":1678464628007},{\"id\":\"q1xbqr3tfek\",\"url\":\"https://learn.swyftx.com/altcoins/what-is-cardano-ada/\",\"description\":\"lean.swyft - ada\",\"timestamp\":1678467584063},{\"id\":\"0ji80bdcq3ch\",\"url\":\"https://cardano.org/partners/\",\"description\":\"iohk\",\"timestamp\":1678467676746},{\"id\":\"am1g9l31pp\",\"url\":\"https://www.figment.io/resources/cardano-ada-tokenomics\",\"description\":\"figment - ada\",\"timestamp\":1678467912218}]"},{"id":"website","value":"https://cardano.org/"},{"id":"twitter_profile","value":"https://twitter.com/cardano"},{"id":"reddit_profile","value":"https://www.reddit.com/r/cardano/"},{"id":"coinmarketcap_url","value":"https://coinmarketcap.com/currencies/cardano/"},{"id":"coingecko_profile","value":"https://www.coingecko.com/en/coins/cardano"},{"id":"commit-message","value":"updated page"},{"id":"previous_cid","value":"QmcJApR7xwrXeSG6hMrNJJTehRmPVb9KHXPAhko9rorkvN"}],"events":[{"id":"bf443c55-305d-4553-b85c-d713818128d3","date":"2017-09-29","title":"Date Founded","type":"CREATED","description":"date founded","link":"https://cardano.org/","multiDateStart":null,"multiDateEnd":null,"continent":null,"country":null}],"user":{"id":"0x212Cb3F4aE6611054637f9f78F18fB628AD258bb"},"author":{"id":"0x212Cb3F4aE6611054637f9f78F18fB628AD258bb"},"language":"en","version":1,"linkedWikis":{"blockchains":["cardano-ada"],"founders":["charles-hoskinson"],"speakers":[]}}