Charles Hoskinson, founder of Cardano, stated that the project's treasury will not cover listing fees for tokens such as SNEK and Midnight. This decision highlights the importance of decentralized funding within the Cardano ecosystem.
Rejection of Listing Funding
Charles Hoskinson announced that the **Cardano treasury will not cover** the listing fees for projects like SNEK and Midnight. This decision demonstrates his commitment to decentralized funding, requiring projects to self-finance.
Principles of Decentralized Funding
Hoskinson clarified that **no funds from the treasury** will be used for listing fees. He suggested a **bond structure to repay** the treasury with interest, emphasizing sustainability in project funding efforts.
Impact on Projects and Cardano Ecosystem
This decision means that SNEK and other projects must **source funds independently**. This move supports the **long-term sustainability** of the ADA token and Cardano's broader ecosystem, preserving on-chain resources for future advancements.
Hoskinson's refusal to fund listings underscores Cardano's commitment to decentralized funding principles and may influence future technological developments within the blockchain space.
