BlocksInform
Emurgo, a worldwide blockchain technology company established in 2017, has recently launched the open beta of its cardano-based "cardano spot," social platform that was built to "correct the fragmentation of the cardano ecosystem" and help the cryptocurrency community.
According to a recently published press release EMURGO Media, one of the founding partners of Cardano ($ADA), released the closed beta version of Cardano Spot, and has since kept on developing the platform based on community feedback and direction. The platform, the release reads, is now “open to onboard all projects that are Cardano-powered.”
Sebastian Ziliaucus, Managing Director of EMURGO Media, was quoted saying:
In Closed Beta, we worked in silence to build a platform based on feedback and community guidance. With the open beta, we are introducing a host of new features and opening up to ideas and suggestions from across the community.
Cardano spot has more than a thousand building projects on it, the paper adds, with more than 4 million members of the cryptocurrency community. It is a social platform that brings the community a hub with a "personalised and organized home feed" where users can create content, track creators and find people who share the same ideas.
Moreover, it has a stream of news giving updates about the cardano ecosystem, a library for discovering new cardano projects and the latest trends in the ecosystem of the platform of intelligent contracts, and a calendar of events so that users will be able to follow each event.
The platform will also include a state of the market section where users will find information on token prices, market capitalization and tokenomics.
As CryptoGlobe reported, the median hold time that users on the Nasdaq-listed cryptocurrency exchange COINBASE hold onto the native token of the smart contract platform Cardano, before either selling it or moving it to an external address, is close to 200 days.
The cryptocurrency bills on its page that a long holding time "signals a pattern of accumulation" while a short holding time "indicates increased movement of tokens." The typical holding time of Cardano on the exchange has in particular continued to increase since the addition of the functionality.
The price pages of the stock exchange show moreover that the cardano is the sixth most popular cryptocurrency on the platform. While the exchange notes most users on social media are “mostly neutral” on the cryptocurrency, ADA has recorded its highest returns in 18 months in January of this year after its price rose 58.9% to $0.39. His performance has been the best he's seen since August 2021, making it one of the strongest assets in terms of performance among digital currencies.
