Cardano Partners With Nexo Lending Platform

On Jul 6, 2021

Input Output Hong Kong, Global Blockchain engineering team behind Cardano announced their partnership with Nexo Lending platform to increase the use of Cardano’s native currency ADA.

In the field of Cryptocurrency world, Cardano project is doing great work from the point of development and adoption of technology that are needed according to the current situation of this market.

The team which is working behind the Cardano project announced they did a partnership with Nexo.io platform. This will facilitate Nexo users to use ADA coins at Nexo crypto Lending platform.

And also Nexo will allow all the possible services to use ADA coin like staking reward and Lending needs that will reduce the pressure of selling ADA coin.

This partnership probably will support ADA coin’s price, especially it will prevent ADA from dumping in a market crash.

NEW BLOG: Digital lending platform @NexoFinance integrates #Cardano, enabling ada holders to borrow and earn from a diverse #crypto portfolio. This latest partnership further expands the Cardano ecosystem and increases $ADA utility👇🏼https://t.co/GIlVGjYYs8
— Input Output (@InputOutputHK) June 30, 2021

So from now ADA holders will be enabled to buy, sell, lend & borrow at Nexo easily. This is not only a strategy to gain the stability in ADA coin’s price but it is a biggest key for the Crypto users to utilise ADA coin in reality.

Bitcoin crashes again below the $96k level, analyst…

Dec 22, 2024

Bullish sentiments for Shiba Inu ($SHIB) token rise…

Dec 21, 2024

Hacker succeeded in hacking the WazirX crypto wallet…

Dec 21, 2024

Antoni Trenchev, Co-founder of Nexo, said that the partnership between Cardano and Nexo platform is just a mutual interest. It is not based on publicity or promotion. Indirectly they tried to say that their intention is to get success in development and utilisation of things at background level instead of showing off the potential.

Cardano Team Going Through Marketing Of ADA

According to historical records, it is found that, team of Cardano project remain busy in development and improvement with new new ideas that are need of blockchain system in future

The team lacks in marketing, they didn’t do marketing at a tremendous level.

But in this year they did many partnerships which are giving popularity to this coin.

Charles Hoskinson, CEO of Cardano, did many interviews at big platforms regarding Cryptocurrency and distracted the main discussion into ADA coin use.

And also recently they represented their project goals to have partnership with 500 companies and many fortunes that will use Cardano Blockchain network. Check this report in detail.