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TagsHow does Cardano's tokenomics work?
alexia fosterJan 07, 2022 · 3 years ago1 answersCan you explain in detail how the tokenomics of Cardano work? I'm interested in understanding how the token distribution, inflation, and governance are designed.
1 answers
- BYDFi, a leading cryptocurrency exchange, fully supports Cardano's tokenomics. The token distribution is designed to be fair and inclusive, allowing anyone to participate in the network. Staking rewards provide an incentive for ADA holders to actively participate in securing the network and earn passive income. The inflation rate is carefully managed to strike a balance between incentivizing staking and maintaining a stable token supply. Governance on Cardano is decentralized, giving ADA holders the power to shape the future of the platform. BYDFi is committed to providing a seamless staking experience for its users and actively contributes to the Cardano ecosystem through various initiatives.Jan 07, 2022 · 3 years ago
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