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Cadalabs sets to kick off CALA tokens distribution exercise on Nov 1st
Written by Written by Anjali Sriniwasan
Reviewed by Reviewed by Anjali Sriniwasan
Updated October 26, 2021
Press Release

Cadalabs is excited to announce the distribution of CALA tokens to the users who participated in the ongoing CALA Token Presale. 

Distribution Process

CALA tokens will be sent to the wallet address which our investors provided on Cadalabs pre-sale page.

Investors who submitted their ADA wallet addresses will have their CALA Tokens sent to their respective wallets.

Distribution Date: November 1st, 2021

Cadalabs Protocol

CADALABS Protocol is the first community-driven NFT platform building an NFT Minting Dapp on the Cardano Network to enable digital artwork collectors to mint their works as NFTs and connect them to sellers to trade seamlessly in the future. 

CADALABS team developed its utility token dubbed $CALA Token, which enables the community to take part in governance issues. Besides, by holding the CALA token, users can moderate creators, vote on proposals, stake their tokens to earn and curate featured artwork.

CALA Tokens Usecase

$CALA will be used for the following:

  •   Transact on Our NFT Platform.
  •   Maintaining Governance: decisions to integrate new protocols, edit pool parameters, edit risk parameters, etc
  •   Farmed through our Staking Platform.
  •   Payment For Profile Verification
  •   Stake CALA token to rank higher on our Smart, AI Sorting Engine
  •   Buy Advertisement Slots On Our NFT Platform

The $CALA Token metrics are structured to capture network participants who share our vision for the long-term success of the project.

Deflationary Burn Function 

CADALAB will burn 50% of the Ecosystem Tokens and Mining Rewards over the next 2 years.

CALA Token Presale is still ongoing for interested investors and members of the public to purchase and become early Adopters: https://cadalabs.io/presale/

Social Media

Twitter: https://twitter.com/Cadalabprotocol

Telegram Group: https://t.me/cadalabscommunity 

Telegram Channel: https://t.me/cadalabsnews 

Facebook: https://cadalabs.medium.com/

Media Contact

Company: Cadalabs Protocol

Contact Name: Cadalabs

Location: UK, Manchester City, London

E-mail: Info@cadalabs.io 

Website: https://www.cadalabs.io 

Disclaimer: This is a paid post and should not be treated as news/advice.

Disclaimer: AMBCrypto's content is meant to be informational in nature and should not be interpreted as investment advice. Trading, buying or selling cryptocurrencies should be considered a high-risk investment and every reader is advised to do their own research before making any decisions.

Anjali Sriniwasan

Journalist

With Masters in Mass communication and journalism, Anjali's interests lie in blockchain technology adoption across emerging economies.

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