About

Introduction

The Ada Incinerator Project is an initiative driven by 10 dedicated community members who have grown disillusioned with projects that overpromise and underdeliver, leaving us with worthless digital assets. Many of these assets can no longer even be considered NFTs or tokens due to a lack of liquidity for trading.

In response, we have united to create the Ada Incinerator Project. Our solution involves a multi-signature exchange wallet that enables us to extract the UTXO attached to your dormant NFTs and native tokens. These digital assets have been languishing in our wallets for nearly three years, with some IPFS contracts on the verge of expiration, which would result in empty images.

Addressing the Issue

To address this, we have developed a method to extract the ADA from these digital assets and consolidate it into a treasury. From this treasury, we will create the BURN token, representing our community. By sending in your unwanted digital assets, we will extract value from them and pool it together with our BURN token to create a liquidity pool.

Community members will then be able to trade their tokens on the open market, thus creating liquidity and giving back to the community.

Research Information

Our research into rug, dormant, and graveyard projects on the Cardano blockchain has revealed a significant amount of dormant value. Specifically, we have identified over 2.8 million ADA trapped in these inactive projects. Many of these projects have seen no sales in the past six months, lack activity on their social media platforms, and some have even shut down their websites. By meticulously analyzing these NFTs and native tokens, we have discovered a vast reservoir of untapped value. The Ada Incinerator Project aims to reclaim and repurpose this ADA, providing a valuable giveback to the community and helping to clean up the blockchain. This initiative not only addresses the letdown experienced by many but also offers a renewed sense of satisfaction and potential for Cardano's future.

How This Works

Every digital native asset on Cardano has a percentage of ADA attached to it. Our goal is to extract the ADA from each asset sent to our burn address.

When you send a transaction to us, it will be logged on our dashboard, displaying the amount of ADA extracted from your transaction and the asset sent in.

This ADA will be pooled together to create the initial liquidity pool for our BURN token, which will then be airdropped to the community.

The value extracted from your NFTs will determine your allocation portion. Thus, the more NFTs and transactions you send in, the larger your allocation will be.

If you send in multiple transactions, they will be combined to calculate your total investment and determine your airdropped allocation.

Once we reach our target, the liquidity pool will be created, and the tokens will be airdropped, ready for trading.

We have also created multiple ways to sufficiently support the liquidity pool over its lifespan. After launching the initial pool, any assets sent in afterwards will contribute to the growth of the project and the liquidity pool expansion.

Token Breakdown and Distribution

This section will contain detailed information about our token breakdown, distribution, initial launch price, and liquidity launch price.

Conclusion

The Ada Incinerator Project represents a revolutionary approach to reclaiming value from dormant and unwanted digital assets. By pooling resources and leveraging the collective strength of our community, we aim to create a sustainable liquidity pool that benefits all participants. Our method of extracting ADA from obsolete NFTs and tokens, and redistributing this value through the BURN token, provides a unique opportunity to revitalize these assets.

We believe in the power of community and collaboration to turn past disappointments into future opportunities. By joining forces, we can transform otherwise worthless digital assets into a valuable and tradable resource, creating liquidity and fostering a more robust and dynamic ecosystem.

Together, we can turn the page on broken promises and forge a new path toward value and liquidity in the Cardano network.