ADA Finance and Bitdegree
ADA Finance and Bitdegree aim to address this with the Haskell Academy program.  Shutterstock

The Cardano ecosystem has received a lot of attention this year as it becomes more apparent that it is the most serious competitor to Ethereum. Despite strong project growth, more aptly trained developers are needed to help grow the ecosystem for Cardano to reach its full potential. Now, ADA Finance and Bitdegree aim to address this with the Haskell Academy program.

Haskell Academy to Give Coders the Upper Hand?

The new initiative is spearheaded by cross-dual-chain DeFi ecosystem ADA Finance in collaboration with BitDegree, and is poised to educate Haskell developers on Cardano technology. Through the Memorandum of Understanding between both parties, more developers can be motivated to explore the Cardano blockchain for future application development. Formal in-depth training for up to 20 Haskell academists will be made readily available through the program.

The Haskell Academy program is the next logical step for the ADA Finance team. They have followed the example set by IOHK and Emurgo, two ventures that have brought many developers over to the Cardano blockchain over the years. As Haskell serves as a functional programming language well-suited to blockchain development, coders can benefit from its native safety levels and decentralized finance potential.

The Haskell programming language, although very challenging, offers a rewarding result for any developers willing to take the challenge. After completing the Plutus Pioneer Program, developers will be well-positioned to build applications, products, and services for Cardano. Unfortunately, such developers are hard to come by, which explains the strong need to launch this Academy program to change that narrative.

Under the Haskell Academy banner, developers will receive free coaching and uintuition to develop for the Cardano blockchain. In addition, the initiative prioritizes creating a sustainable and innovative talent pool for future smart contract development. Cardano received smart contract compatibility through the Alonzo hard fork on September 12th, 2021. As a result, developers joining the ecosystem today are at the frontier of establishing smart contract technology on the Cardano blockchain.

Another Step for ADA Finance

ADA Finance is also on the list of nominees for an award of the upcoming AIBC Summit 2021. More specifically, the project is nominated for "Best DeFi project of the year", which highlights just how widely regarded the project is. AIBC Summit 2021 is running from November 15-19, 2021, in Malta, and is considered Europe's top technology event and spans blockchain, AI, and other emerging technologies. Other nominees for this award include DeFi token SafeMoon and ABEYFoundation, which uses a Proof-of-Work and Delegated Proof-of-Stake hybrid consensus algorithm.

Previous award winners include MakerDAO, (a top DeFi project on the Ethereum blockchain) and SingularityDAO, which leverages artificial intelligence for DeFi portfolio services.

Ongoing ADAFI Growth

As decentralized finance on Cardano gets closer, ADAFI emerges as an innovation ecosystem within the broader industry. Users can run ADAFI on either Cardano or Avalanche, and the platform fosters growth and user activity through incentives. In addition, ADAFI has a three-tier referral program and addresses milestones to keep users engaged and coming back. Finally, platform users can experiment with traditional DeFi tools and new features to enhance passive earning opportunities.

The ADA Finance ecosystem spans multiple solutions, including a launchpad to incubate projects building on Cardano or Avalanche. The project's native swap solution (ADAFI Swap) serves as an Automated Market Maker and supports derivatives trading.

All of this is now leading up to ADA Finance's upcoming IDO in mid-December 2021. A total of 5 million ADAFI tokens will be available for sale for $0.135 each.

After this public sale, 40% of the token supply will be generated, with tokens vested for two months but a 12 month vesting period for tokens from both the seed and private sale. The total supply of ADAFI is set at 195 million tokens.

Team tokens (5.13% of supply) will unlock in batches depending on development milestones, including launching ADAFI Swap, the DAO, Launchpad, and more. Project advisors will receive 2.31% of the token supply, with another 20.51% going to the treasury.

As the reality of smart contacts launching on the Cardano mainet gets closer, ADAFi has opened the door to Haskell developers who want a chance to be a part of one of the biggest projects and rapidly growing projects in DeFi. At the same time the program will substantially stimulate the growth of the Cardano blockchain and push the project forward onto exciting new frontiers. Anyone interested in supporting the project can visit the official ADA Finance site to stay up to date for the upcoming IDO set for mid-December.