Charles Hoskinson Denies Claims of ADA Staking Restrictions
Charles Hoskinson, the founder of Cardano, recently addressed claims about ADA staking and its market value.
Some have suggested that ADA’s high ranking is due to stakers being unable to sell their tokens because they are locked in staking pools.
Hoskinson dismissed these claims, asserting that ADA holders are not restricted by staking.
He emphasized that Cardano provides liquid, non-custodial staking, in contrast to other projects that use liquid staking derivatives.
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Toncoin Announces Major Airdrops for September and OctoberAccording to Hoskinson, ADA tokens are never locked in staking.
Instead, Cardano’s staking system allows users to contribute their tokens to a staking pool for network security and rewards, without restricting their ability to spend or transfer their ADA.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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