11.4 Million ADA Wallet Votes for Governance: Cardano Foundation Backs Move
Cardano Foundation to support governance with vote from 11.4 million ADA wallet...
- The Cardano Foundation is dedicated to advancing the goals of CIP-1694 and achieving a fully decentralized on-chain governance structure for Cardano.
- The foundation will use its 11.4 million ADA wallet to vote in the upcoming Cardano ballot event.
- The focus has shifted to Cardano's decentralized governance policies to ensure its long-term viability.
- CIP-1694 is an on-chain decentralized governance mechanism for Voltaire, which will make Cardano self-sustaining.
- The Cardano Ballot is a non-binding poll that allows the community to provide feedback on Cardano's governance process.
- The Cardano Foundation will actively participate in the ballot event by voting yes with one wallet of 11,429,000 ADA.
- Participation in the ballot requires a browser extension wallet that supports CIP-30 and a minimum of one Lovelace staked before November 21.
- The ballot event will take place from December 1 to December 11.
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The article expresses positive sentiment towards the Cardano Foundation's dedication to decentralized governance and its participation in the upcoming ballot event.