Cardano community to have $681M Treasury
Author: Sahil Thakur
Written On: Sat, 15 Jun 2024 13:03:20 GMT
Cardano’s much anticipated Chang hardfork is around the corner and this will mean that the Cardano community will be handed a $681M treasury.
Source: TapTools
The entirety of Cardano’s treasury though comprises of only $ADA and is currently the 8th largest in the industry, with Uniswap’s $4.05B being the highest.
Cardano’s treasury, funded by transaction fees and block rewards, is set to support ecosystem development and ensure long-term sustainability. The project’s roadmap includes a three-layered governance structure involving the Cardano Foundation, Input Output Global (IOG, formerly IOHK), and EMURGO. These entities manage development, research, and commercial activities, respectively.
The transition of the treasury coincides with the upcoming Chang Fork, a major upgrade that will transform Cardano into a fully decentralized blockchain ecosystem. Cardano founder Charles Hoskinson has called this the most significant milestone in the history of both the network and the industry.
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