Attention, crypto enthusiasts and digital curious! Charles Hoskinson, the founder of Cardano, has launched a bold proposal that is shaking the foundations of the community.
✨ Hoskinson's Big Bet? ✨#CardanoDebate
It is proposed to use 140 MILLION ADA (equivalent to $100M USD) from the Cardano treasury! For what? To boost DeFi growth by purchasing Bitcoin (BTC) and Cardano's native stablecoins (USDM, USDA, IUSD).
Immediate Market Reaction:
Despite the ambitious vision, the community is divided and the market has already shown its discontent. After the announcement, ADA fell by 6%! It is currently trading at $0.6179 USD, with a decline of 3.56% in the last hours.
What does this mean for the future of Cardano?
Is this a masterstroke that will catapult Cardano to new heights in the DeFi space, or an unnecessary risk that could destabilize the ecosystem?
The community is intensely debating! Some see this proposal as "excellent management" and a necessary bet for innovation, while others have their reservations.
Do you think this strategy will propel Cardano or is it a misstep?
