Cardano Community Drives Development with $71 Million Vote Approval
Main Idea
The Cardano community approved a $71 million treasury budget for core development, with strong support from participants, and the decision has positively impacted ADA's price.
Key Points
1. The Cardano community voted to allocate $71 million towards core development, with 74% of participants supporting the initiative.
2. The vote took place on August 3, 2025, marking Cardano’s first community-controlled direct budget allocation.
3. Input Output Global (IOG) will provide monthly progress reports and quarterly budget summaries.
4. Following the announcement, ADA's price increased by 2.79% to $0.7418, surpassing the 200-day moving average.
5. The budget focuses on public infrastructure and revenue-generating projects, which will repay ADA through a bond model.
Description
The Cardano community allocated a $71 million budget for core development projects. Funds will be released based on milestones verified by Intersect. Continue Reading: Cardano Community Drives Development with $71 Million Vote Approval The post Cardano Community Drives Development with $71 Million Vote Approval appeared first on COINTURK NEWS .
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