Cardano Huobi will start listing on the exchange. The smart contract platform Cardano's ADA tokens will begin to be listed in Huobi, the China-based cryptographic exchange.
Cardano Huobi gained 10% when it started listing on the exchange
After this news Cordano (ADA) tokens experienced a 10% appreciation. As of April 16, the ADA token will become available on the Huobi Pro international crypto money trading platform. But the trade of ADA tonnage will begin a day later.
ADA has created great excitement among the investors, as Cardosan's founder, Charles Hoskinson, confirmed that ADA token will be in Huobi, and at the same time the IOHK has launched a series of major updates from developers this month.
Cardano's work on the Shelley project is about to be completed
In addition to these, work on Cardano's Shelley project, which will give more power to the users, is about to be completed. The project is expected to be ready in the second or third quarter of this year.
Charles Hoskinson stressed in a blog post on April 9 that Shelley is a large project with many workflows and scientific dependency. At the same time, mentioning that Shelley has many social processes involving community coordination and administration, Charles Hoskinson states that they want to transfer the network entirely to the user and thus move as far as possible from the center.
The crypto money market is experiencing a revival
With the recent rise of Bitcoin, there is a revival in the crypto money market. In addition, investors in the crypto money market began looking for ways to make new profits in the short term. From Monday, the ADA managed to enter the 20 largest subcategories in the crypto money market, while EOS, while other subcons are depreciating in dollar terms.
EOS, already on the ADA, has been arguing with estimates made in reviews last week in social media. Pointing to the rival, Charles Hoskinson noted that Cardano's technical character of the Ouroboros algorithm is different from the others, and added:
To be clear, Ouroboros is not a mandatory, delegated proof-of-stake protocol like EOS or Bitshares.
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