• The United Nations High Commissioner for Refugees (UNHCR) has adopted the Cardano blockchain to raise funds for displaced people around the world.
• By taking part in the Cardano staking program, users can donate to the cause while still retaining ADA tokens.
• This development could benefit the Cardano token as people around the world buy ADA for staking purposes.
The Cardano token (ADA), the eighth-largest cryptocurrency with a market capitalization of $13.2 billion, has seen a robust 45.5% growth in the past 30 days. With the crypto market experiencing a slight 0.9% increase in the past 24 hours, one could be tempted to think the token is headed for a slump. However, with the recent development of the United Nations High Commissioner for Refugees (UNHCR) tapping into the Cardano platform, the token is poised to break through the $10 mark soon.
The UNHCR is an international organization dedicated to protecting the rights of forcibly displaced people around the world. To further this cause, the organization has adopted the Cardano blockchain as an alternate approach to raising funds. By taking advantage of the Cardano staking program, crypto users can donate to the cause while still retaining their ADA tokens in a smart contract for a period of time.
This development is a major breakthrough for the Cardano token, as it could attract more people to buy the token for staking purposes. It’s a win-win situation for both the token, and the people in need, as the token experiences a surge in demand and the displaced people get the necessary aid.
Apart from aiding people in need, the Cardano blockchain is also expected to bring about positive developments in the crypto world. For instance, it is touted to be the first platform to develop a smart contract solution for a regulated financial institution. This would enable the institution to utilize the Cardano blockchain to securely store and manage customer data, which could help to improve the trust and transparency of the financial system.
In conclusion, the recent development of the United Nations High Commissioner for Refugees tapping into the Cardano blockchain has opened up a wide range of possibilities for the cardano token. With the potential of the token increasing with each passing day, it is only a matter of time before the ADA token reaches the $10 mark.