Cardano faces heated debates after venture fund requests 200 million ADA tokens, sparking community outrage
. The subject of debate and discontent was 200 million tokens, which one of the companies operating in the ecosystem requested from the Treasury.
While the Cardano enthusiast community was mostly angry about giving 3UTxO nearly $120 million in ADA tokens at the current exchange rate, some of its most prominent figures brought up the other side of the issue, which caused such a request to ensue in the first place., attaching the ADA dominance chart to the post, questioned what they should all do and how to fix it, given that the protocol will be in the hands of the community on Sept. 1.
For those not in the know, on Sept. 1, Cardano is waiting for a new hard fork called Chang. As part of this event, the blockchain is waiting to move into a new era of decentralized governance, and in particular, the transition under the control of the treasury community, the size of which is estimated at 1.5 billion ADA, which is equivalent to almost $900 million right now. There is indeed a lot to fix, according to the chart posted by MсСraken. Thus, ADA's dominance fell to 0.
Gamza graduated with a degree in finance and credit with a specialization in securities and financial derivatives. He then also completed a master's program in banking and asset management. He wants to have a hand in covering economic and fintech topics, as well as educate more people about cryptocurrencies and blockchain.
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