Cardano Treasury no gree fund SNEK and Midnight listing
Cardano Treasury don reject request from memecoin SNEK plus protocol project Midnight to pay exchange listing fees. Founder Charles Hoskinson talk for X say say both projects need to gather their own ADA to pay Tier 1 exchange charges, normally $100,000 to $500,000 per listing. E talk say listing fees na commercial expenses wey no be for crypto treasury to settle.
The treasury funds dey reserved for core network upgrades. Recent community-approved grants include improvements to Ouroboros Leios, Hydra layer-2 scaling, and Project Acropolis governance modules. IOE general manager Ricky Rand praise the milestone-based funding model as confidence for Cardano roadmap.
As alternative to grants, Hoskinson propose repayable bond model. Under dis one, projects fit borrow ADA from treasury and repay am after dem start to get revenue. The aim na to keep accountability and fairness. Cardano policy similar to Ethereum and Solana, wey teams fund their own listings but keep treasury funds for protocol development.
Neutral
Cardano Treasury no gree list fee request no no likely go move ADA price well well. E dey uphold correct treasury policy and e dey follow market norm—Ethereum and Solana teams dey self fund their listing. For short-term, traders fit see small wahala for price cos the funds dem still reserved for protocol upgrade. For long-term, focus on core infrastructure plus the proposed repayable bond model fit make Cardano strong and projects dem responsible. Similar past tins like community votes for treasury proposals show say e never get big effect for market stability.