Cardano 2026 Summit Canceled Due to Treasury Funding Proposal Rejection

05/31 16:05

On May 31, the Cardano Foundation announced that the Cardano 2026 Summit, originally scheduled for this year, has been officially canceled due to the on-chain governance vote failing to reach the required two-thirds support threshold. Previously, the Cardano Foundation submitted a revised proposal requesting the allocation of 7.8 million ADA (approximately 2 million USD) from the treasury to fund the summit set to take place in October in Singapore. Although the proposal received a 65.21% support rate from DRep stakers and a majority of representatives in favor, it did not meet the 66.67% approval threshold required for treasury funding proposals.
bullishbullishbullishBullishbearishbearishbearishBearishSukaBagikan
PenafianKonten diatas tidak merepresentasikan posisi HTX.HTX tidak memberikan rekomendasi perdagangan apa pun.

Artikel Terkait

  • Image

    Cardano And $67.5 Million In Bitcoin, What Happened With 1,090 BTC?

  • Image

    Cardano Founder Hoskinson Accused Of Selling 1.5 Billion ADA In 2021 Rally

  • Image

    Cardano Or Solana? Expert’s Top Pick After ADA, SOL Dip 10%

Semua Komentar0TerkiniHangat

avatar
TerkiniHangat

Artikel Terkait

  • Image

    Cardano And $67.5 Million In Bitcoin, What Happened With 1,090 BTC?

  • Image

    Cardano Founder Hoskinson Accused Of Selling 1.5 Billion ADA In 2021 Rally

  • Image

    Cardano Or Solana? Expert’s Top Pick After ADA, SOL Dip 10%