$ADA: IOG’s Chief Commercial Officer on Cardano: ‘Very Few Whales, Very Few Insiders’

In a recent interview, Jerry Fragiskatos, Chief Commercial Officer at Input Output Global (“IOG), the blockchain technology firm responsible for the development of Cardano ($ADA), explained what makes Cardano different from many other blockchain projects.

According to a report by The Daily Hodl, Fragiskatos made his comments during an episode of Scott Melker’s podcast that was released one week ago.

Fragiskatos said:

Another big differentiator of Cardano is that there are not many insiders. If you look at the distribution of ownership of ADA, it’s primarily individuals. There are very few whales, very few insiders. There were no VCs that took 30%,40%, 50% of it. So that’s another very different thing, which again, just comes from the mission vision and cascades down. The VCs [who are] like, Where’s my ROI next year? Sorry, where’s my ROI next quarter? If it’s not there, they’ll say it’s a ghost chain. Plus they are also paid off by our competitors. And they’re also incentivized to create that FUD [fear, uncertainty and doubt].

I think time will tell, and I think we’re taking the right approach. And I think we will be one of the ones that come out the other side of this, including some of the more you know, do things quickly and break fast.

https://youtube.com/watch?v=wAXUtYovHv0%3Ffeature%3Doembed

As Olga Hryniuk, who works in the Marketing and Communications department IOG, reported on 9 December 2022 in her company’s latest Cardano Weekly Report, there are currently (as of the date of the report) 108 projects launched on Cardano, 1,151 projects building on Cardano, 7.2 million tokens, and 4,347 Plutus scripts; also, there have so far been over 55.3 million transactions.

Currently (as of 7:47 p.m. UTC on 11 December 2022), $ADA is trading around $0.313, up 0.32% in the past 24-hour period.

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