Hoskinson: ADA treasury funds global hubs, not parties

Cardano founder Charles Hoskinson criticized Cardano’s ecosystem spending and proposed a shift in how ADA treasury funds are used to support ADA’s long-term price narrative. The trigger was a plan to allocate 14 million ADA (about $3.3 million) to host the annual Cardano Summit and attend a conference in Singapore—an expense Hoskinson called inefficient. In his view, “parties” and large events mainly create short-term marketing impact, while permanent infrastructure hubs and consistent local presence would better signal that Cardano is “alive” and thriving. He suggested the community maintain multiple global offices and weekly local events instead of high-cost gatherings. Hoskinson also proposed changing treasury mechanics: stop issuing “free grants.” Projects would return up to 30% of their capital to the treasury, which would then buy ADA from the market. This is intended to create recurring “natural buy pressure.” The proposal is being considered by delegates as they prepare to vote on the 14 million ADA budget. The article notes disagreement: skeptics argue that coworking-style offices may not move price in the short term because investors react more to price action than to facilities. Supporters believe reducing costly conferences is necessary to compete with rivals such as Solana and Ethereum. For traders, the key market angle is whether treasury policy could translate into sustained ADA accumulation via buy-backs, versus whether the market discounts these changes as non-fundamental.