Altcoins News

Story: Cardano (ADA) gathering support from BitTrue and Community is Excited

By Steven Anderson

1 / 14

Bitrue is now supporting community stakepools for Cardano ADA, with an initial 1,000,000 ADA delegation to the lovelacepool1 stake pool.

2 / 14

The community felt that this is a true testament to the quality of single pool operators in Cardano which can support institutions that aim to support the grassroots community…

3 / 14

Several members approve that this is an excellent move by the exchanges moving forward with staking helping the Cardano Community.

4 / 14

For clarity, Bitrue is the exchange that provides digital asset management platform for Bitcoin, Ethereum, XRP and more. Investments, loans and trades all happen in one place.

5 / 14

The questions answered by the Cardano Community:  Why is Bitrue Official staking with lovelacepool1?

6 / 14

Are you open to staking with other Pools going forward? In the future, we're open to expanding into other Pools - more information to come in the future.

7 / 14

Jeremy Firster stated that this milestone shouldn’t be underestimated. He pointed to how BitrueOfficial is a shining example of how exchanges can support the Cardano Ecosystem.

8 / 14

Charles Hoskinson expressed, “Do you guys understand what unrealized gains actually mean? No, the wealth tax people never have nor ever will.”

9 / 14

This Charles Hoskinson stated in response to the Secrete IRS Files:  ProPublica has obtained IRS data on thousands of America’s wealthiest people, providing an unprecedented…

10 / 14

The current highest tax rate in America is 37% for couples with combined income above $628,300, but our analysis shows how the ultrarich effectively sidestep this system.

11 / 14

Rather, these IRS records show the wealthiest can—perfectly legally—pay income taxes that are only a tiny fraction of the hundreds of millions, if not billions, their fortunes…

12 / 14

The records show not just the income and taxes paid by these multibillionaires, but also their investments, stock trades, gambling winnings and even the results of audits.

13 / 14

For example, in 2007 Amazon founder Jeff Bezos paid $0 in federal income tax, even as his company's stock price doubled, increasing his wealth by an estimated $3.8 billion.

14 / 14

What's revealed demolishes the cornerstone myth of the American tax system: That everyone pays their fair share & the richest pay the most.

The Currency Analytics

Want the full story?