_Red_

👨‍💻 #Cardano

[V E S P R @vesprwallet]

Just landed on Cardano? We got you covered.

This is the only Cardano onboarding guide you will ever need.

Bookmark this. 👇

Are you just looking to trade Memecoins?

Wallet - @vesprwallet
Charts and Analytics - @TapTools
Find New Tokens - @snekdotfun
Trade - @DexHunterIO

Now that the degens got what they wanted, let’s explore Cardano in-depth! ⬇️

Lending - @FluidTokens, @liqwidfinance, @LenfiOfficial, @levvyfinance

Analytics/Research - Chart and Data @TapTools, Token Indexes and Risk Analysis @xerberus.

DEXs - Swap and trade using @MinswapDEX, @wingriderscom, @axotrade, and @SundaeSwap.

Stablecoins - Manage stablecoins with @DjedStablecoin and @Indigo_protocol.

Communities - Join hubs like @Cardano_Lounge, @TGTAlpha, @theblockishot and @stockjupiterr to connect and collaborate.

NFTs - Use @jpgstoreNFT to discover collections like @claymates or @spacebudz, and @nmkr_io to mint your own NFTs.

RWAs - Explore real-world applications with @palmeconomy and @whimsy_estates.

Dev Tools: Harness resources like @blockfrost_io and @GoMaestroOrg to create on Cardano.

DePin - Bridge physical and digital with @NuvolaDigital and @WorldMobileTeam.

Whether you’re a developer, trader, artist, or simply curious about blockchain, Cardano offers a pathway for everyone.

Start exploring today and find your niche!

[_Red_ @_red_CT]

@ProofOfBert @fettuccine_nic @club_cherubim @YummiUniverse thanks 😂

[_Red_ @_red_CT]

@Padierfind 👏👏

[_Red_ @_red_CT]

@nutlope 👏👏👏

[Patrick Tobler @Padierfind]

We're going to launch the first RWA's on @finest_tokenize next week.

They will be fully compliant ownership Tokens, giving you ownership over a physical unrevealed item with terms that will allow you to earn a good yield in 3-4 months.

This yield will be earned in FIAT and paid out in stablecoin, bringing liquidity to Cardano.

This is one of the two directions that were currently going in with finest, the other direction will take a bit longer but is more security Token focused, letting us tokenize stocks & bonds.

We'll be launching them later this year.

Both of these are very different from each other and in my opinion equally exciting.

#buildinpublic

[slimesunday @slimesunday]

I swear experimenting is the best thing you can do as an artist. Literally just try anything and everything you can get your hands on. Eventually you'll find a way to combine everything you've learned. Otherwise, doing the same thing over and over again will drive you insane.

[_Red_ @_red_CT]

@claymates 🫡

[Patrick Tobler @Padierfind]

We have 1 particular update coming for NMKR that is going to redefine how Minting NFTs works across all chains.

@book_io will be the first user.

I'm beyond excited to show you soon.

Once it's out, not minting with NMKR will be a big strategic disadvantage for every project.

[Cardano YOD₳ @JaromirTesar]

Do you know how Mehen $USDM works? Come find out.

USDM is the first fiat-backed stablecoin on #Cardano.

Every minted USDM is backed by the US dollar on a 1:1 ratio.

Minting of USDM is initially available in 17 US states.

See Figure 1.

The minting and burning process is as follows:

Users in eligible jurisdictions can connect their Cardano wallet to the Mehen dApp, complete identity verification (KYC), and link a bank account.

The minting of USDM is only possible if USD is deposited into a linked bank account.

For every USD deposited, one USDM token is minted.

Once a user has USDM tokens on their blockchain address, they can send them to another address or use them in a DeFi application.

KYC-cleared users can redeem USDM 1:1 for USD, which is then sent to a linked bank account.

The corresponding USDM tokens are burned to maintain the 1:1 peg.

While minting USDM does not incur fees, redeeming US dollars for their USDM will incur a 1.5% fee, with a minimum fee of $50 and a maximum of $5000.

Mehen USDM is transparently verified by a 3rd party Oracle service Charli3, ensuring that every mint and burn is authenticated.

Charli3 has API access to the bank accounts to verify all token mints and burns.

Charli3 is tasked with verifying the bank’s reserve balances before every minting operation of USDM and broadcasting this information publicly on-chain.

This unique approach to reserve verification ensures that the value of each USDM token is fully backed by real-world fiat reserves at all times.

Mehen is a registered money services business with the Financial Crimes Enforcement Network (FinCEN), ensuring that its operations meet the highest standards of financial integrity.

In terms of user verification, anyone can hold, transfer, or use USDM without undergoing KYC procedures.

Only users wishing to mint new USDM with fiat or redeem USDM for fiat will undergo a simple KYC process, aligning with global regulatory standards.

By design, Cardano's native assets do not permit the freezing of accounts or censoring of transactions.

This characteristic makes USDM, a unique stablecoin in the crypto industry, immune to confiscation or spending restrictions imposed by any entity.

Cardano treats tokens identically to $ADA coins in terms of transfer and ownership.

The protocol does not require a smart contract to facilitate token transfers.

Instead, tokens are UTxOs stored directly in the ledger.

See Figure 2.

To put it simply, it’s not feasible to incorporate code into a smart contract that would restrict stablecoin holders, as token transfers do not utilize a smart contract.

Instead, a script is employed by the Mehen team to facilitate the minting and burning of USDM tokens.

Mehen's policy ID: c48cbb3d5e57ed56e276bc45f99ab39abe94e6cd7ac39fb402da47ad

[_Red_ @_red_CT]

@BoredElonMusk more thoughts about it here https://t.co/gUVk5rmDuq

[Patrick Tobler @Padierfind]

Here is a video of me using NMKR Pay to mint a Music NFT by @fortunes_fool1 on the @projectNEWM x @SickCity7 Record Store using the @MinswapDEX Token.

In the background, @DexHunterIO aggregated the best price for the Token & used the @wingriderscom Smart Contract to sell the Tokens for ADA.

NMKR then receives the ADA, mints the NFT and sends the remaining ADA to the artist.

This is the kind of interoperability I live for.

[NMKR @nmkr_io]

Day 6 of the $NMKR Announcement Week:

And this is a big one... You can now pay for any NFT Mint using any Token.

This feature has automatically been enabled for all existing mints today.

[doodles @doodles]

touch trash

[Yummi Universe @YummiUniverse]

🚨 Snapshot for Naru Holders in Next 36 Hours! 🚨

Ensure your Naru are delisted from marketplaces to qualify for the whitelist. 📸

Staked Naru are fine, so rest easy! ✅

Naru Holder Utilities:
Royalties: Enjoy a 50% share of royalties from EVERY card release 💰
Staking: Stake your Naru to earn $YUMMI.
Free Packs: Claim a FREE pack with EVERY future release post-Founder's Pack 🃏

Get your Naru ready and enjoy the perks coming your way! 🚀

[_Red_ @_red_CT]

@PeterTarka clean!

[_Red_ @_red_CT]

PC version of the Samsung Bixby button

[BORED @BoredElonMusk]

This could have been Clippy
It should have been Clippy

[NMKR @nmkr_io]

Empowering entrepreneurs with the tools to unleash their #blockchain business ideas!

We're all about igniting innovation and shaping unique business approaches in the blockchain world.

#b2b

https://t.co/DpW1Yr3NNa

[elraulito @elraulito]

A Cardano Meme Contract I want to open source:

🔴 Creator gets funds only if target $ADA is reached
🔴 Once max $ADA is reached users cannot purchase anymore
🔴If max is NOT reached users get refunds
🔴 Buyers get token immediately

I had enough of these rugs