More Info About ICO
![spinada-cash](https://coincryptoprice.com/wp-content/plugins/crypto-ico-list-widget-pro/assets/ico-logos/12825.png)
Spinada.cash
ICO Name | Spinada.cash |
---|---|
Symbol | SPIN |
Start Date | October 27, 2021 |
End Date | October 29, 2021 |
Goal | $100000 |
Stage | IDO |
Platform | Binance Smart Chain (BEP20) |
![](https://coincryptoprice.com/wp-content/plugins/crypto-ico-list-widget-pro//assets/images/ico-timer.gif)
Spinada.cash is a fully decentralized protocol for private transactions on Cardano.
SpinADA breaks the on-chain link between senders and receivers of Cardano native tokens on the blockchain. This gives complete privacy and security in a completely decentralized manner.
It uses a Zero Knowledge proof protocol known as zk-SNARK , developed by the good fellows at Zcash, to ensure secure anonymous transactions of Cardano assets on the blockchain. It uses a Smart contract which accepts Cardano tokens and then allows anyone with a proof of knowledge to withdraw those tokens through the use of Cryptographic key notes.
When a sender submits a transaction, he receives a Key Note and a corresponding hash is received by the Smart contract. When a withdrawer furnishes the right Key note, it is matched with the hash to output the corresponding submitted tokens.