Cardano founder Charles Hoskinson, who attracted attention with his statements in the cryptocurrency market, made a statement about the claims about ADA staking and market value.
The allegations center on the fact that the only reason ADA is still at the top of the crypto rankings is because stakers are unable to sell it because their assets are locked into staking. At this point, ADA investors are allegedly unable to sell due to staking restrictions.
Cardano founder Charles Hoskinson specifically stated that the claim that ADA holders are locked into staking pools and that the market value of ADA is intentionally inflated is unfounded.
Hoskinson said Cardano offers liquid, non-custodial staking, unlike other projects that offer liquid staking derivatives.
The Cardano founder has refuted these false claims about ADA staking, stating that ADA tokens are never locked into staking.
The lies and misinformation about Cardano have reached epic levels. Stake isn’t locked, but they still lie.
Why does anyone trust these people anymore? https://t.co/8eh3LdoSw1
— Charles Hoskinson (@IOHK_Charles) September 11, 2024
How Does Cardano Staking Work?
Cardano staking allows ADA holders to stake their tokens into a staking pool to help secure the network and earn rewards every five days. Unlike other systems, staked tokens are not locked, so users can spend or move their ADA.
*This is not investment advice.
