Cardano Daily Discussion – January 05, 2022

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Welcome to the Cardano Daily Discussion!

The standard sub rules apply here (see sidebar), with the exception that price discussion is allowed in this thread, though we encourage you to try not to make this the focus and talk about the project itself. Please ask questions, help others and be civil – be sure to get involved in Project Catalyst too!

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NFTs for Planting Trees

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You can donate ADA and receive NFTs for doing so, each ADA is a tree planted, it's a win win! Read about veritree here and take part on https://ito.veritree.com/

Project Catalyst

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Project Catalyst Fund 7 Launch Guide Here!

⚠️ Scam Warning ⚠️

Please read the Cybersecurity guidelines for Cardano Users.

There are ongoing giveaway scams on youtube and many scammers lurking in Cardano's social channels impersonating ambassadors/moderators/official staff contacting users via direct messages.

For example, searching 'cardano' on youtube and sorting by most recent upload date shows several giveaway scams running (all videos in screenshot are scams):

Ongoing 'giveaway' scams on Youtube

The youtube scams are automated; use stolen footage usually of Charles Hoskinson and are restreamed so to appear to be 'live'; appear to have many watchers (which are bots); use bought hacked channels and are edited to appear like official channels.

Do not be fooled!

To be clear:

  • ⚠️ There is no such thing as a Cardano giveaway
  • ⚠️ Never share your seed phrase with ANYONE
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Please report scams on the Cardano Fraud Detection Bureau.

⚠️ Scam Warning ⚠️

Cardano Daily Discussion - January 05, 2022

3 thoughts on “Cardano Daily Discussion – January 05, 2022”

    • NEWBIES GUIDE Start here
    • PROJECT CATALYST Propose and vote on projects
    • ⚠️ PSA – SCAMS Be wary of common scams!

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  1. I feel that ADA and most other tokens are still held back by the price of btc.

  2. MuesliSwap does not show fully diluted market cap (FDMC), so DYOR before jumping into new projects with low circulating supply.

    For example:

    LQ taken has a total supply of 21 million and with its current price of 81 ADA gives it a total FDMC of 1.7 billion. Just for comparison, AAVE the biggest lending protocol out there has FDMC of 4.1 billion. So a project that haven’t even launched has a valuation that is half of a project which has 14.5 billion dollars locked (TLV) in it.
    Also, I’m not hating on Liqwid. It is one of the best project in Cardano ecosystem as of now.

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