Cardence announces upcoming Ido - Spinada

Cardence announces upcoming Ido - Spinada

[Press Release - Please Read Disclaimer]

Cardence is pleased to be able to announce its aspiring Ido-Spinada.Cash-that, in addition to many functions, offers completely anonymous transactions on the Cardano Blockchain.

Spinada.cash is a fully decentralized protocol for private transactions on Cardano, which interrupts the on-chain connection between transmitters and recipients of cardano-native tokens on the blockchain. This offers complete privacy and security in a fully decentralized manner.

Spinada.cash uses a zero knowledge proof protocol called ZK-Snark, which was developed by the good colleagues from ZCash and first implemented by Tornado.cash on Ethereum to ensure safe anonymous transactions of cardano-assets on the blockchain.

It has a smart contract that accepts Cardano token and then enables everyone to demonstrate these tokens by using cryptographic keynotes.

When a transmitter sends a transaction, it receives a key note and a corresponding hash is received by the Smart Contract. If a withdrawer delivers the right keynote, it is compared with the hash to output the corresponding tokens.

Protocol parameters are regulated by the community. A trustworthy furnishing ceremony for ZK-Snark is organized by the participation of the community to further decentralize the protocol.

Spinada is the latest offer of the groundbreaking Cardence.io platform, which enables investors early access to Idos before public publication. Cardence is an IDO platform with a guaranteed allocation for cardano projects. At least $ 4000 CRDN must be used to get an allocation for IDOS.
The IDO goes live on October 27, 1400 UTC and can be entered at Cardence.io.

Further information on Spinada can be found on Spinada.cash or participate Telegram group .

about Cardence

CARDENCE is a decentralized advance booking platform with several chains geared to Cardano, which creates a trustworthy fundraising ecosystem. It is currently running on BSC. It is the first advance booking platform that facilitates the affiliate marketing of projects, the release of tokens according to a vesting time plan, the whitelisting of participants and the automatic blocking of liquidity.

In addition, dapps such as smartmint or loose app enable new tokens without writing a code and time-locked token safes for the release of tokens in accordance with a Vesting Time Plan.