11.4 Million ADA Wallet Votes for Governance: Cardano Foundation Backs Move


21 Nov 2023 12:04 PM

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.

The article expresses positive sentiment towards the Cardano Foundation's dedication to decentralized governance and its participation in the upcoming ballot event.

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You May Ask

What is the purpose of CIP-1694 in Cardano's governance?How will the Cardano Ballot event contribute to the future of Cardano governance?What are the requirements for participating in the Cardano Ballot?When will the Cardano Ballot event take place?

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