Get Ready For Treasury Funds to be Drained...
With the Cardano Chang hard fork coming around the corner, projects and teams are already gearing themselves up for potential proposal submissions.
Keep in mind, a second hard fork is needed before treasury funds can be accessed and this isn't for at least another 6 months before that time is ready.
A pitch deck from 3UTxO has been leaked revealing large amounts of ADA will be requested from the treasury to be able to access funds to develop and grow Cardano. The question is, is this right? Is 200M ADA for marketing the right strategy? Should ADA be spent elsewhere?
I also look at the impact and what we can do as a community to protect and safe guard the treasury funds.
Timestamps
00:00 Intro
00:54 Current Treasury Level
01:43 3UTxO Proposal
03:10 Safe guards
04:34 Conflict of interests?
05:55 Responses to the leak
06:31 Follow up live stream
07:36 Learnings from the leak
09:07 What can the community do & Impact on ADA Price
11:55 Should I do a comparison?
12:17 Leave a comment
Links and references
https://x.com/RichardMcCrackn/status/...
https://lookerstudio.google.com/repor...
The Leaked Pitch Deck
https://x.com/ESCOweb3/status/1827476...
Opinions
https://x.com/Cryptofly777/status/182...
Follow up live stream with @CardanoWithPaul
https://x.com/cwpaulm/status/18278046...
• 3UTxOs Cardano Treasury Proposal Requ...
https://x.com/MarcoMeerman/status/182...
https://x.com/NicolasC3rny/status/182...
DISCLAIMER:
The content presented in this video is for informational purposes only and should not be construed as financial, investment, or legal advice. I am not directly affiliated with the project discussed and have not been compensated, either directly or indirectly, by the project or its affiliates. This includes monetary compensation, token allocation, or any other form of remuneration.
I do not hold any stake in the project, including participation in private sales, presales, or future allocations. All opinions expressed in this video are solely my own and are based on publicly available information. Viewers are encouraged to conduct their own research and consult with a qualified financial advisor before making any investment decisions.
Investing in blockchain projects involves significant risk, including the potential loss of your entire investment. Past performance is not indicative of future results. The information in this video is subject to change without notice and may not be current or accurate at the time of viewing.
By watching this video, you acknowledge and agree that I am not responsible for any investment decisions you make or actions you take based on the information provided.
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*** None of the information on this episode is to be considered as financial advice. All conversations and opinions are that of the guests and are intended for educational and entertainment purposes only. Please do your own research and understand that cryptocurrencies are volatile and risky. • Learn Cardano Podcast Outro Music
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