Cardano (ADA) Founder (Charles Hoskinson) Addresses Nami Wallet Malfunction: Nugget Rush Hits $2.6 Million
TLDR
- A Nami wallet malfunction occurs when Cardano experiences increased network activity.
- With the problems the investigation crew discovered, the ADAHandles will stay temporarily disabled.
- Nugget Rush, the promising meme coin, has sold millions of tokens worth over $2.6 million.
Nami Wallet was acquired by Cardano (ADA) to supplement its in-house-designed Lace Wallet and to bolster the protocol’s community-wide adoption. The wallet has some problems, and after much speculation, Cardano’s founder, Charles Hoskinson, has responded to the public on the issue. Hoskinson explained that an investigation team discovered a problem with Nami’s use of ADAHandles – ADAHandles let you customize and reference your Cardano wallet addresses.
Nugget Rush (NUGX) flips the script of most meme coins having little to no utility by unveiling a community-owned gameplay that provides users with various lucrative earning avenues, decision control, and data access. The project has also delivered one of the most impressive cryptocurrency ICO events. This article details Charles Hoskinson’s address to Nami Wallet malfunction and how Nugget Rush has quickly hit the $2.6 million mark in early funding.
Nugget Rush (NUGX): Amasses Over $2.6 Million In Funding
Nugget Rush’s cryptocurrency ICO came to the limelight by mid-October last year with its start. It is now in its launchpad round after completing the five initial rounds. Each NUGX token now sits at a DeFi coin price of $0.019, a 90% increase from its first round price. NuggetRush has reached a milestone of selling nearly millions of tokens worth over $2.6 million.
Nugget Rush has a supply of 500 million tokens, of which only 265 million were hard-capped for the presale. Of this amount, the presale has sold over 208 million tokens already in less than five months. The NUGX token inherently has several utility benefits from its play-to-earn (P2E) game, which lets players profit from mining for minerals and reward them with cash.
Nugget Rush’s robust ecosystem offers two trending NFTs (non-fungible tokens) collections – the gaming characters and the RUSHGEM NFTs. These collections are tradable on the platform’s marketplace, and the rare and trending NFTs from the RUSHGEM collection can be swapped for real gold. One can earn up to a 20% APY (annual percentage yield) by staking these digital collectibles.
Notably, transparency and community-driven governance are at the core of NUGX’s success. Its smart contract has undergone a comprehensive audit by SolidProof, a respected name in the crypto audit space, ensuring rigorous security measures are in place. Also, the smart contract will be renounced post-launch, giving control to the RUSHGUILD community, which embodies a decentralized approach.
Cardano’s (ADA) New Wallet: Network Founder Addresses Its Glitch
Cardano bought Nami Wallet to enhance its native Lace wallet and increase broader network adoption. The wallet has some glitches, but Charles Hoskinson reassured that the issue only affects Nami users, while Lace users remain unaffected. Initial findings indicate a delay in fetching ADAHandles, causing a lag when users input some handles. To mitigate further problems, the team temporarily disabled ADAHandles within Nami, assuring users that a permanent fix is in the works.
Hoskinson has, however, admitted that the migration process takes time, and bugs like this may still arise in Nami. Notably, Ali Martinez, BeInCrypto’s global head of news, pointed out that the ADA network has seen a notable rise in daily active addresses, transaction volume, and transactions from whales in the last 30 days. The network activity uptrend coincides with a bullish run for Cardano’s ADA token, which has increased by more than 52% to nearly $0.80 in the same timeframe, fueling discussions that its value could soon breach $1.
Conclusion
Nugget Rush’s potential for post-launch gains is high, with its ongoing presale liquidity hitting $2.6 million in a relatively short time. The project also shows a high commitment to its community by having its smart contract renounced once it launches. Beginner and seasoned investors can diversify their portfolios with NUGX to capitalize on its seamless combination of GameFi, Web3, real-world earning, and social impact.
Visit NuggetRush Presale Website
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