Cardano was founded by tech company Input Output Hong Kong (IOHK). The CEO of IOHK Charles Hoskinson is a mathematician and one of the founders of the Ethereum network.
Cardano raised over $62 million in its 2016 Initial Coin Offering (ICO). In the three-month-long ICO, the company sold about 25.8 billion ADA.
Upon its launch, the Cardano network allotted 648 million ADA to the Cardano Foundation, 2.1 billion to founding member Emurgo, and about 2.5 billion to IOHK.
The Cardano Foundation supervises the Cardano project. IOHK is responsible for the development of the Cardano protocol.
The first exchange rate of ADA detected by our platform is $0.0240568, the lowest price was $0.0195063 in Oct 2017, and the maximum price that Cardano reached was $2.98 in Sep 2021.
The first year on which we have information, the ADA price closed at $0.7196950 this is 2,991.66% up from the open, the best year for Cardano price was 2021 average price was $1.50 and the price closed at $1.31 after reaching max price $3.04.