#CardanoDebate
Future of the currency #cardanodebat
The future of the Cardano currency seems promising based on current forecasts and developments
📢 Cardano's founder, Charles Hoskinson, suggests using 140 million ADA (equivalent to about 100 million dollars) from the project’s treasury to stimulate the growth of decentralized finance (DeFi) by purchasing Bitcoin and some stablecoins built on Cardano such as USDM, USDA, and IUSD.
🚨 Following this announcement, the price of ADA fell by 6%, amid a division of opinions within the community; while some see the step as bold and pushing towards the maturity of the ecosystem, others consider it risky given the current market conditions and concerns regarding governance.
💬 What do you think of this proposal? Do you believe this step will positively affect the value of ADA in the long term?
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