By Nelson Ikechukwu Nworie
Cardano is one of the first cryptocurrencies to be developed by a scientific philosophy and a research-first-driven approach. Cardano’s development is fully funded by a global community of volunteers motivated by the project’s scientific and social impact.
Founded in 2015 by Charles Hoskinson and Jeremy Wood, Cardano is a public blockchain and cryptocurrency project. The cryptocurrency was launched in September 2017. It is built on blockchain technology that supports the ADA crypto coins. It is a smart contract platform built on the proof of stake consensus mechanism.
As for NFT, it stands for Non-Fungible Tokens. These are a special kind of cryptocurrency because they are unique, just like our fingerprints and DNA. Each NFT represents a unique and individualised asset, like a piece of art, a virtual pet, virtual real estate, a company share. And what makes it unique is that you are the only one that has it
Cardano Project: What is it?
Cardano is a modern, open-source, decentralised public blockchain and cryptocurrency project that has been highly scientifically developed. The Cardano project creates groundbreaking universal programmable smart contracts, and brings innovations to the cryptocurrency space as a whole.
The Cardano project was started in 2015 to bring together the best technologies and practices to create a more balanced and sustainable ecosystem. The team consists of a large global collective of expert engineers and researchers who constantly work to improve the project.
Cardano is unique in that it is being built in layers, which allows it to be more flexible and scalable with no duplication.
How can I buy Cardano?
If you wish to trade Cardano NFTs, you must first purchase ADA coins using a crypto exchange wallet. Some examples are Binance, KuCoin, and Coinbase.
The user may have to first buy Bitcoin or Ethereum from an exchange dealing in those currencies to purchase ADA. Then, they can trade their BTC or ETH for ADA at a cryptocurrency exchange that offers ADA trading pairs.
After buying ADA, the user can now transfer the coin to any wallet that supports Cardano NFTs. For example, Yoroi, Nami, Daedalus, CCVault, and Adalite wallet.
The next step is to visit wencnft.com, a market where you can buy upcoming NFTs on presale.
How to find tokens with good potential?
Finding tokens with good potentials can be done through thorough research on the websites of the developers or social media channels. You can even have a chat with the admins of various social media accounts to ask questions about their project.
Tools to help you research upcoming NFTs: Twitter, Discord, Instagram, and Telegram. https://cnftanalytics.io: This tool gives insights into when to buy tokens.
Where to sell your Cardano NFTs?
CNFT.io is a marketplace where you can sell your Cardano NFTs bought on presale. To sell Cardano NFTs on CNFT.io, click the “Sell Cardano NFTs now” button on the right of your screen. If you haven’t added your wallet yet, you will be prompted. Once you’ve added your wallet, you will be taken to your dashboard, where you can see your NFT balance. To sell NFTs, choose the NFTs you want to sell and select the amount you want to sell them for, the number of decimal places to display the amount, and your wallet address to receive the funds. Click “Sell Cardano NFTs” afterward, and you will be prompted to enter your pin code and the amount you want to sell.
Conclusion: The cryptocurrency Cardano has a lot of potential for growth and investment. If you want to trade Cardano, you must choose a reliable exchange and maintain a safe wallet for your cryptocurrencies.