CADALABS Announces CALA Tokens Distribution phase 1 Plans & Date to Pre-Sale Contributors

October 26, 2021 at 1:30 pm

Press Releases

Cadalabs is excited to announce the distribution of CALA tokens to the users who participated in the ongoing CALA TOKEN PRE SALE.

CADALABS Announces CALA Tokens Distribution phase 1 Plans & Date to Pre-Sale Contributors - 1

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 address will have their CALA Tokens airdropped to their respective wallets.

Distribution Date: November 1st 2021

Cadalabs Protocol

CADALABS Protocol is the first community-driven NFT platform building a NFT Minting Dapp on the Cardano Network to enable digital artwork collectors 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 Pre sale is still on going for interested investors and members of the public to purchase and become early Adopters: https://cadalabs.io/presale/