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- GT Airdrop Is Live! 1.92M GT Burned in Q2, Worth Over $39M
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Cardano founder Charles Hoskinson gave up on Bitcoin! He has turned only to ADA and these 50 altcoins!
With his interesting ideas and sharp tongue, Cardano (ADA) founder Charles Hoskinson stands out as one of the most important figures in the cryptocurrency sector, presenting a new proposal.
At this point, Hoskinson proposed a treasury built solely on Cardano's native tokens to support the Cardano ecosystem, departing from his previous controversial idea of holding a Bitcoin reserve.
At this point, Hoskinson presented a treasury plan for the Cardano ecosystem.
Hoskinson's proposal suggests bringing together the first 50 native tokens within the ADA, Midnight token, and Cardano ecosystem to create a treasury reserve.
This proposal may lay a foundation for the future of Cardano's decentralized finance (DeFi) space.
The local tokens in the ecosystem reserve proposed by Hoskinson include leading local tokens such as ADA, privacy-focused Midnight token and SNEK, World Mobile Token (WMTYX), Liquid Finance (LQ), Minswap (MIN), and Indigo Protocol (INDY).
Hoskinson's model aims to distribute risk across multiple projects, encourage collaboration among token teams, and increase the total locked value (TVL) through cross-token incentives and shared liquidity pools.