Cardano

Million

Coin

<ul class="news-points">
 <li><strong>Cardano has the 8th biggest treasury in the crypto industry.</strong></li>
 <li><strong>Upcoming upgrades would hand over Cardano’s treasury to the community.</strong></li>
 <li><strong>Cardano’s growing treasury reserves reflect tightened network activity.</strong></li>
</ul>
<p>Cardano is on the verge of a significant milestone: handing over control of its $681.9 million treasury to its community. This move, highlighted by crypto asset tracker TapTools, underscores Cardano’s commitment to decentralization and community governance.</p>
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
 <div class="wp-block-embed__wrapper">
  <blockquote class="twitter-tweet" data-width="550" data-dnt="true">
   <p lang="en" dir="ltr">Cardano has the 8th biggest treasury in the industry, and it's being handed over to the community.<a href="https://twitter.com/hashtag/ChangHardFork?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">#ChangHardFork</a> <a href="https://twitter.com/Cardano?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">@Cardano</a> <a href="https://twitter.com/IOHK_Charles?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">@IOHK_Charles</a> <a href="https://t.co/jXgquu8QsV" target="_blank" rel="noopener noreferrer nofollow">pic.twitter.com/jXgquu8QsV</a></p>— TapTools (@TapTools) <a href="https://twitter.com/TapTools/status/1801408460573057036?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">June 14, 2024</a>
  </blockquote>
  <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
 </div>
</figure>
<p>A data screenshot attached to the TapTools post on X shows that Cardano’s treasury holds its native ADA tokens valued at $681.9 million at the time of the post. Unlike most blockchain protocols, Cardano’s treasury consists solely of ADA tokens, rather than a variety of stablecoins or other digital assets like Bitcoin and Ethereum.</p>
<p>Meanwhile, observers consider Cardano’s growing treasury reserves a reflection of increased network activity. Like most blockchain networks, Cardano uses its treasury to f…</p>
<p>The post <a href="https://coinedition.com/cardano-poised-to-hand-over-681-million-treasury-to-community/" rel="noopener noreferrer nofollow">Cardano Poised to Hand Over $681 Million Treasury to Community</a> appeared first on <a href="https://coinedition.com" rel="noopener noreferrer nofollow">Coin Edition</a>.</p>

Cardano Poised to Hand Over $681 Million Treasury to Community

Coin Edition

Other articles published on Jun 14, 2024

Unveiling GMC, RMP, and BOOTY: Top 3 Crypto Gainers Exploding on DEXScreener

The Centralization Of io.net With The Decline In Price

Drake on Verge $1M Bitcoin Loss on Mavericks and Oilers Bets

Tate Devil to Surge 11,000%, Looks to Challenge Shiba Inu and Dogecoin

BOME Price Prediction:Is Bome Poised to Lead the Meme Rally?

Bitcoin Buy The Dip Calls Surge But BTC Price Drop Under $65,000 Can Be Fatal

Join our free newsletter for daily crypto updates!