There are 3 organizations that have specific roles tied to Cardano. They include the Cardano Foundation, Input Output Hong Kong, and Emurgo. The Foundation is a non-profit whose mission is to “standardize, protect and promote” Cardano as an enhanced 3rd Generation Blockchain.
Up next we have IOHK, which was established by Charles Hoskinson [incidentally, Charles was an Ethereum co-founder], and Jeremy Wood 5 years ago. They look after development, design and ensure that Cardano runs seamlessly. Emurgo is based in Japan and funds the whole project [the contract with IOHK will expire next year].
Cardano adoption involves merchants and retail investors being drawn into this incredible ecosystem. Back in June, EMURGO was responsible for setting-up an inaugural event at Tamura [a renowned Yakiniku restaurant run by Kenji Tamura, a comedian]. This turned out to be a successful venture, thus raising the level of interest in the nation as a whole.
EMURGO was also behind the creation of the Yoroi Wallet [which has garnered a 4.3 rating on Google Play]. Here are the details of yet another hotel which has started accepting ADA payments.
Hotel Palm Royal Naha Kokusai Street is a 4-star rated hotel [on Google] which is situated in Okinawa. This island incurs the attention of thousands of tourists who journey to Japan every year. The ones in-charge at the hotel were inspired by Charles Hoskinson and his vision. Mr. Miyatake, a crucial member of the Cardano community, played a key role throughout the entire process. Pine Tree Bless is yet another bar located within the famed Naha City of Okinawa. They welcome ADA transactions too.
Cardano is ranked at #11 beneath Monero on coinmarketcap. The price sunk at a rate of 0.42% in the course of the past 24-hours. The trading volume recorded is $40.064 million, while the supply has 25,927,070,538 ADA tokens involved in circulation. At present, the total market cap of Cardano is $1.167 billion. ADA is priced at $0.045035 in the market for now.
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Aditya Chatterjee
A specialist in comics and cryptocurrencies with an inclination towards DASH and Cardano. I have an innate desire to be a seasoned trader in the near future. Analyzing candlestick charts is a personal hobby.
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