The founder of Cardano, Charles Hoskinson, proposed using 140 million ADA (approximately 100 million USD) from the foundation's treasury to promote the development of the DeFi ecosystem, planning to purchase Bitcoin (BTC) and Cardano's native stablecoins (USDM, USDA, IUSD). After the proposal was announced, the price of ADA fell by 6%, and the community expressed divided opinions on this matter. Some believe this is a bold move towards the maturity of the ecosystem, while others think this action carries risks given the current market conditions and governance issues.
💬 What are your thoughts on this proposal? How will this affect the long-term value of ADA?
👉 Complete daily tasks in the task center to earn points:
• Create posts using topic tags or $ADA coin tags,
• Share your trader profile,
• Or share your trades to earn 5 points!
(Click the “+” on the App homepage and enter the task center)
Event time: June 14, 2025, 14:00 to June 15, 2025, 14:00 (UTC+8)
Points rewards are first come, first served, don’t forget to claim points every day!
🚨 The second season of Traders League is in full swing: Use the trading share widget and create posts with the #TradersLeague topic tag to unlock extra rewards!