Cardano (ADA) Will Unlock 18,530,000 Tokens on October 22nd

Cardano ADAUSD is a public blockchain platform for smart contracts, similar to Ethereum. Launched in 2017, it was developed by Ethereum co-founder Charles Hoskinson.

Cardano will unlock 18,530,000 ADA tokens on October 22nd, which will constitute approximately 0.05% of the currently circulating supply.

The ADA tokens will be unlocked as part of the network’s monetary policy, which is designed to gradually reduce the inflation rate of ADA over time. The inflation rate will start at 4.08% in the first epoch and will decrease by 0.08% each epoch until it reaches a minimum of 0.8%.

The ADA tokens that are unlocked will be used to pay for network fees, such as transaction fees and block rewards. These fees will be used to help cover the costs of running the network and to incentivize participation in the network.

Cardano’s monetary policy is designed to help ensure the long-term sustainability of the network. By gradually reducing the inflation rate of ADA over time, the network will be able to slowly decrease the amount of new ADA tokens that are being created, which will help to eventually stabilize the price of ADA.

The network will also be able to use the transaction fees that are collected to help offset the costs of running the network, which will further contribute to its sustainability.

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