SpinADA, which is Cardence’s first IDO project, will be listed on Pancakeswap on November 3 at 1700 UTC. It is the first decentralized private transaction protocol for the Cardano network. Massive payouts are expected for early entrants at the time of signing up as there is a lot of hype surrounding this project after Steve Wozniak called it up.
SpinADA.Cash is fully incubated by Cardence and its IDO completed in 6 minutes on the Cardence platform. His IDO was also featured in the Coinmarketcap ICO calendar.
SpinADA.cash rose to prominence after Apple co-founder Steve Wozniak shouted for the project and supported the project.
SpinADA.cash is a fully decentralized protocol for private transactions on Cardano, which breaks the chain link between senders and receivers of native Cardano tokens on the blockchain. This gives complete privacy and security in a completely decentralized way.
SpinADA.cash uses a Zero Knowledge proof protocol known as zk-SNARK, developed by the good guys at Zcash, and first implemented by tornado.cash on Ethereum, to ensure secure anonymous asset transactions. Cardano on the blockchain.
It features a smart contract that accepts Cardano tokens and then allows anyone with proof of knowledge to withdraw those tokens through the use of cryptographic keynotes.
When a sender submits a transaction, they receive a keynote and a corresponding hash is received by the Smart contract. When a withdrawal provides the correct keynote, it is combined with the hash to generate the corresponding submitted tokens.
Protocol settings will be governed by the community. A trust installation ceremony for zk-SNARK will be organized through community participation to further decentralize the protocol.
SpinADA is the latest offering from the revolutionary Cardence.io platform, which allows investors early access to invest in IDOs, before the public release.
More information about SpinADA is available at spinada.cash or join the Telegram group.