Ada coin (ADA / Cardano) is said to have a very high future among various altcoins. Altcoins are usually linked to the price movements of Bitcoin, but ADA coins have attracted attention because they move differently from others. The closing price of ADA coin on January 1, 2021 was JPY 18.87, while the closing price of 1ADA on October 17, 2021 was JPY 247.56. Furthermore, on November 10, 2021, the Japanese yen will be recorded at 250 yen. You can see that the price has increased more than 10 times in less than a year. Exchanges where you can buy ADA coins at a great price Currently, two domestic exchanges, BITPOINT and GMO coins , handle ADA coins. Let's compare which exchange can buy and sell at a better price. First, let's take a look at the transaction fees that are incurred when buying and selling ADA coins. In general, exchanges often offer more favorable conditions than sales outlets, but both companies handle ADA coins only at sales outlets . Both companies are free of transaction fees at the sales office, but in sales office transactions there is a spread that is the difference between the purchase price (buying price) and the selling price (selling price), so this effectively plays a role like a commission. . In addition, since the price and spread of crypto assets are always fluctuating, if you want to trade more profitably, it is better to open an account with both companies, check the price each time, and trade at an exchange with a favorable rate. I guess. Next, let's compare the fees for depositing and withdrawing funds for trading. The deposit fee is the same for both companies , but when withdrawing Japanese yen after the profit and loss is confirmed, it can be said that GMO coins, which are free of fees, are more profitable than BITPOINT, which requires bank transfer fees . Especially if you want to withdraw frequently, it is better to use GMO coins. What is Ada coin (Ada coin/ADA coin/Cardano)? ADA coin is a virtual currency that can be used on a platform called "Cardano" operated by 3000 stake pool operators distributed all over the country. The name ADA comes from the 19th century mathematician Ada Lapless. It is an altcoin that many investors are paying attention to because it is thought that the price can be expected to rise in the future. If you are a cryptocurrency investor, it is one of the currencies you should know. Reasons why ADA coins were considered suspicious The Ada coin is popular now, but in the early days when it was released, it was said to be “suspicious” and “maybe a scam”. However, it is now known that it is not a scam and has a good reputation. I will explain why it was said to be a fraud at the beginning and why it was considered suspicious. Summary of reasons why it was said to be suspicious The six main reasons why it was said to be suspicious are as follows.

1. What kind of virtual currency is ADA coin
(Cardano ADA)?
Ada coin (ADA / Cardano) is said to have a very high future among various altcoins.
Altcoins are usually linked to the price movements of Bitcoin, but ADA coins have
attracted attention because they move differently from others.
The closing price of ADA coin on January 1, 2021 was JPY 18.87, while the closing price
of 1ADA on October 17, 2021 was JPY 247.56. Furthermore, on November 10, 2021,
the Japanese yen will be recorded at 250 yen. You can see that the price has increased
more than 10 times in less than a year.
Exchanges where you can buy ADA coins at a great price
Currently, two domestic exchanges, BITPOINT and GMO coins , handle ADA coins.
Let's compare which exchange can buy and sell at a better price.
First, let's take a look at the transaction fees that are incurred when buying and selling
ADA coins.

2. In general, exchanges often offer more favorable conditions than sales outlets, but both
companies handle ADA coins only at sales outlets .
Both companies are free of transaction fees at the sales office, but in sales office
transactions there is a spread that is the difference between the purchase price (buying
price) and the selling price (selling price), so this effectively plays a role like a
commission. .
In addition, since the price and spread of crypto assets are always fluctuating, if you
want to trade more profitably, it is better to open an account with both companies, check
the price each time, and trade at an exchange with a favorable rate. I guess.
Next, let's compare the fees for depositing and withdrawing funds for trading.
The deposit fee is the same for both companies , but when withdrawing Japanese yen
after the profit and loss is confirmed, it can be said that GMO coins, which are free of
fees, are more profitable than BITPOINT, which requires bank transfer fees . Especially if
you want to withdraw frequently, it is better to use GMO coins.
What is Ada coin (Ada coin/ADA coin/Cardano)?
ADA coin is a virtual currency that can be used on a platform called "Cardano" operated
by 3000 stake pool operators distributed all over the country. The name ADA comes
from the 19th century mathematician Ada Lapless.
It is an altcoin that many investors are paying attention to because it is thought that the
price can be expected to rise in the future. If you are a cryptocurrency investor, it is one
of the currencies you should know.
Reasons why ADA coins were considered suspicious
The Ada coin is popular now, but in the early days when it was released, it was said to
be “suspicious” and “maybe a scam”. However, it is now known that it is not a scam and
has a good reputation.

3. I will explain why it was said to be a fraud at the beginning and why it was considered
suspicious.
Summary of reasons why it was said to be suspicious
The six main reasons why it was said to be suspicious are as follows.
The reason why Adacoin was said to be suspicious
● Introduced by information dealer
● Excessive expressions were made by affiliates
● More than half a year behind schedule
● Pre-sale only held in Japan
● MLM promotion was done by way of MLM
● Ada was promoted by companies using virtual offices
●
I will explain each one in detail.
Introduced by Information Merchants
The fact that the person who advertised in the early days was a famous information
product store triggered the image of "Adacoin is suspicious".
There is also a background that the person at the information product store in question
was on trial in another case. For that reason, it is believed that Adacoin has become
associated with a fraudulent image.
Affiliates attract customers with excessive expressions
In its early days of publication, many affiliates promoted Adacoin. At that time, it was one
of the factors that led to the bad image of attracting customers with excessive
expressions.
False claims such as "principal guarantee" and "certain profit" were also flying around.

4. Of course, Cardano, the developer of Adacoin, has no direct relationship with affiliates.
However, since it is difficult for the general public to judge that it has nothing to do with it,
it probably has a bad image.
Released more than half a year behind schedule
Adacoin announced the release date in advance, but it was actually released more than
half a year later than the schedule. As a result, investors who were eagerly awaiting the
public announcement became anxious and triggered rumors that it was a fraud.
Due to development circumstances, there may be unavoidable delays, but it is natural
for people who do not know the circumstances to be anxious.
MLM promotion methods
In the early days, Adacoin was promoted by MLM (multi-level marketing) to increase its
name recognition.
MLM is a so-called multi-level marketing method, and it refers to a method in which a
person who has been introduced to a product receives a reward when he or she
introduces another person. MLM itself is not illegal, but it has a bad image in the public,
so it is thought that it has triggered the impression that MLM = fraud.
Companies promoting ADA used virtual offices
There is no relationship between the issuer and the virtual office, but there is a fact that
the company that was promoting Adacoin was using the virtual office.
A virtual office does not actually have an office there, but refers to renting only the
address and registering the office. Since the advertised company was using a virtual
office, Adacoin also had the image of a virtual office.

5. The virtual office itself is not illegal and is an acceptable method of registering an office.
However, for those who are not very familiar with it, there are those who think that the
virtual does not exist, and that there is no office.
Therefore, it is believed that ADA coins with the image of a virtual office have been
rumored to be suspicious.
Features of ADA coin
In this chapter, we will explain the features of ADA coins. Please keep this in mind for
future transactions.
Features of ADA coin
The main features of ADA coins are the following six.
Main Features of Adacoin
● Smart contract implementation
● Ouroboros Project with Original Algorithm
● 2 dedicated wallets
● Faster processing with multi-layer structure
● Second layer solution "Hydra"
● BLISS signatures implemented as a security enhancement
I will explain each in detail.
Smart contract implementation
Adacoin is characterized by the implementation of smart contracts .
A smart contract is a mechanism that automatically executes a contract when certain
conditions are met. Smart contracts are realized by blockchain technology.

6. The advantage of smart contract implementation is that contracts are formed and
processed automatically without an administrator. Since funds can be transferred directly
between users, it can be said that transactions are smooth and safe.
Smart contracts themselves are not a blockchain-specific technology, but they are
primarily employed in blockchains. Others have implemented it on Ethereum, and its
functionality is also used to trade NFTs.
Since it was originally intended to be used in online casinos, the smart contract that
automatically concludes the contract was implemented as an essential function.
Furthermore , Adacoin's smart contract achieves higher security than Ethereum with its
unique technology called Plutus.
Future prospects of Adacoin (Adacoin/ADAcoin/Cardano)
We will introduce the future prospects and forecasts of ADA Coin, which is attracting
attention not only in Japan but also around the world. Based on the current situation, I
will explain the future possibilities that can be considered.
Future outlook forecast
● Spread of ADA coins
● Partnerships with large companies and universities
● High recognition and credibility on a global level
Spread of ADA coins
Adacoin was developed for use in Cardano online casinos, but it has already been
widely distributed as a virtual currency that can be used outside casinos, and as of June
2022, it is in the top 10 in the market capitalization ranking. Also, as I mentioned in this

7. article, technological innovation is always taking place, and development will continue in
the future. It can be expected that the popularity will not decline and will spread further.
There is also a good chance that it will become available as a currency all over the
world.
Partnerships with large companies and universities
ADA Coin is currently building a cooperative system with universities and major
companies. Specifically, in Japan, we are collaborating with Tokyo University of Science
Investment Management. Also, not only in Japan, overseas, the major mobile settlement
company "Metaps Plus" in South Korea has adopted ADA coins within its own platform.
Through such partnerships with external parties, we will be able to increase our
credibility even further in the future.
High recognition and credibility on a global level
Adacoin is a well-known and trusted currency not only in Japan but also worldwide. It
has always been in the top 10 in the market capitalization ranking of virtual currencies,
and for a while it was 3rd after Bitcoin and Ethereum. In addition, the use of PoS (Proof
of Stake) reduces power consumption and is an environmentally friendly crypto asset, so
it is gaining more trust around the world. It is expected that the technology will be
adopted in various situations around the world because it will always continue to
innovate and realize new technology development one after another.