Charles Hoskinson Denies Claims of ADA Staking Restrictions
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Charles Hoskinson, the founder of Cardano, recently addressed claims about ADA staking and its market value.
Some have suggested that ADA’s high ranking is due to stakers being unable to sell their tokens because they are locked in staking pools.
Hoskinson dismissed these claims, asserting that ADA holders are not restricted by staking.
The lies and misinformation about Cardano have reached epic levels. Stake isn’t locked, but they still lie.
Why does anyone trust these people anymore? https://t.co/8eh3LdoSw1
— Charles Hoskinson (@IOHK_Charles) September 11, 2024
He emphasized that Cardano provides liquid, non-custodial staking, in contrast to other projects that use liquid staking derivatives.
According to Hoskinson, ADA tokens are never locked in staking.
Instead, Cardano’s staking system allows users to contribute their tokens to a staking pool for network security and rewards, without restricting their ability to spend or transfer their ADA.
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