Cardano founder Charles Hoskinson has clarified that the Cardano treasury will not fund listing fees for ecosystem projects. This statement was made in response to speculation about financing listing fees for projects like Midnight and Snek.
Charles Hoskinson's Statement
Charles Hoskinson emphasized that treasury funds will not be used for paying exchange listing fees for ecosystem projects. He insisted that all projects within the Cardano ecosystem need to move forward using their own budgets. Hoskinson clearly stated, "It is not an option to use the Cardano Treasury to pay exchange listing fees in ADA." This statement became pivotal especially in the context of rumors surrounding projects like Midnight and Snek.
Ecosystem Projects and Funding Policy
Recently, the topic of financing for the listing process of ecosystem-related projects on exchanges has sparked discussions. Projects like Midnight and Snek are highlighted as significant initiatives on the Cardano network. However, it has been confirmed that these projects will not receive central treasury support for listing fees. The Cardano treasury is a community-managed budget executed with specific mandates, and Hoskinson pointed out that it is impossible for treasury assets to be directly allocated to specific projects.
Emphasis on Community and Transparency
The Cardano community prioritizes transparency and equality principles in the use of treasury funds. Financial supports requested by projects are implemented according to established rules and community approval. Following Hoskinson’s statements, community members highlighted the importance of fair and transparent management of resources. It is anticipated that the Cardano treasury fund will continue to be governed with this approach for future projects.
Charles Hoskinson's statement regarding the funding of listing fees marks an important step toward ensuring project autonomy within the Cardano ecosystem and reinforcing principles of transparency in resource management.
