5 hours ago | 3 mins read
Altcoin News
Ever since Cardano went live on the mainnet, hundreds of promising projects have joined the network, including decentralized applications (dApps), decentralized finance (DeFi) protocols, non-fungible tokens (NFTs), and metaverse projects, just to name a few.
Ardana is one such Cardano-native project that aims to unlock DeFi primitives on the Cardano blockchain. As an all-in-one DeFi hub for Cardano, Ardana is building a wide range of products powered by its over-collateralized and asset-backed stablecoin dUSD (Ardana Dollar). To date, the Ardana ecosystem consists of a decentralized exchange (DEX) and an on-chain asset-backed stablecoin protocol designed to meet the growing demand for DeFi and liquidity on Cardano.
Furthering its vision to position Cardano as a frontrunner in today’s hyper-competitive DeFi market, the Ardana team has partnered with Metadams, the first-of-its-kind Cardano-based play-to-stake metaverse. With this strategic partnership in place, the Metadams team will help the Ardana team build their first digital branch in the metaverse.
This new tie-up will support Metadams users as they seamlessly interact with the Ardana ecosystem without ever having to leave the Metadams metaverse. As the partnership develops, both platforms will work together to expand Ardana’s digital branch further, making it a preferred destination for the broader crypto community to congregate.
Making Cardano Attractive For Users
Cardano-based projects, especially DeFi-related projects, are yet to operate at full capacity. Moreover, community participation is still very much in its early stages. Accordingly, this partnership between Ardana and Metadams will play a critical role in engaging more users and encourage the remainder of the cryptoverse to participate in the Cardano ecosystem.
Ardana stands out as the first DeFi hub of Cardano. Built by experienced professionals from leading mainstream organizations like Barclays, Microsoft, and Apple, Ardana’s DEX, powered by the platform’s stablecoin dUSD, empowers users to access on-demand borrowing. Since the dUSD is over-collateralized with ADA (Cardano’s native token) and other Cardano-native assets, it allows users to trade stablecoins and other identical assets with high capital efficiency, low costs, and equally low risks, positioning it as an attractive financing tool.
Metadams, on the other hand, is Cardano’s first play-to-stake metaverse project. By incorporating gamification techniques with the usual process of staking ADA, Metadams enables users to generate promising rewards over time. The platform offers different base reward rates while introducing a new way to play games, thereby delivering a gaming and earning experience that’s concurrently fun and exciting for users.
Usually, Cardano users stake their ADA in the network’s classic staking pools that stand to earn around 4.8% staking rewards. However, when a user stakes their ADA in Metadams’ staking pools, they can potentially earn higher in-game rewards for performing specific tasks. On top of this added-value, Metadams redistributes 100% of the staking rewards among players, in keeping with the core vision of the platform, which is focused on expanding the Cardano community.
In addition to partnering with Ardana, Metadams has also joined forces with other Cardano-based projects that can benefit from its inherent features. The big names on the list include Cardanians, Chilled Kongs, Epoch Art, Muesli Swap, Rats DAO, and several others, thereby attempting to bring the very best characteristics of the Cardano ecosystem under one roof into a single metaverse.
The partnership between Ardana and Metadams, paired with Cardano’s speed, scalability, and security, will not only lower DeFi’s entry barriers, but more importantly, also support a sustainable ecosystem focused on offering decentralized liquidity and added value for everyone.
Aventura, Florida –
On March 5th, 2022, Metadams will be holding a land parcel sale on the Cardano blockchain. The company has announced that 4317 lands parcels will be available for purchase, with 2115 being airdropped for the holders of NFT Collection: “Prime Beavis.” Whitelisted members will be able to start minting at 9 pm UTC on the 4th of March. 24h before the public sales. Whitelisted members will be able to buy up to 4 lands. Public mint is Starting on the 5th at 9pm UTC. “This is a groundbreaking event in the world of blockchain and digital real estate on Cardano blockchain,” According to VItaliy.
In the play-to-stake game Metadams, players can own their own land to power their game. The more lands players own, the more power sources they can get, and the more ADA can be generated. Players can also use their lands to customize their houses and furniture.
Metadams offers a new way to play games, In this game, players will have to manage power sources, which represent staked ADAs, in order to generate rewards over time. The different types of power sources offer different base reward rates. Players can also increase their rewards rate by doing maintenance actions on the items. This new approach gives players a gaming experience that’s both fun and exciting for everyone.
Players can now stake their ADA to Metadams. This allows players who have Cardano (ADA) to delegate it via staking pool and earn a reward for doing so. The pool then distributes 100% of its rewards back into the wallet that is specified by the player, giving them instant access to withdraw from their account according to in-game earnings.
This system is designed to ensure that the rewards earned in the pool match the rewards players can withdraw in-game. Metadams takes no fees on staking, making this system possible.
Metadams does not take any income from staking. The company’s goal is to strengthen the Cardano community by gamifying the staking process. Metadams has gathered some of the best partners in the Cardano ecosystem to enrich its universe and make it more fun and engaging for users. With Metadams, anyone can participate in staking and help support the network. Thanks to its partnerships, Metadams offers a variety of rewards for users who stake their ADA. Metadams partnered up with Chilled Kongs, Muesli swap, Ledgity, Liquid, Cardax, Epoch art, Smart chain, Cardanians, Rats dao, Ardano.
The communication manager of Metadams, Benjamin has announced that the company is set to release its Multiplayer Mode in March 2022. In an interview with JCrypto Youtuber and Cardano enthusiast, he explained that they are still working on some issues but otherwise everything should be ready by then. He also shared his thoughts about what he would like to see from the company’s future updates explained the role of the Prime Beaviz NFT collection.
In order to use the Play-To-Stake functionality, players are required to own their land in Metadams. This will let both enter and earn in the game. Land ownership is a key part of the Metadam’s experience and is necessary for players to participate in the game’s economy.
Prime Beaviz are Alpha Passes, which will give exclusive access to Metadam’s Alpha and future in-game advantages. This upgrade gives players a chance to enjoy the game from an earlier stage of development and also get some perks such as special items or currencies.
For more information about Metadms Play-to-stake game join the Discord Server or visit the Website.
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