Art collectors and gamers:
The Ape Society (est. 2022) is now on ETH.
Every ape has a name. 7 classes. 35 families. Community magazine & lore.
Site: https://t.co/9dnITqnbTZ
Hub: https://t.co/rN4VbmPa6I
Merch: https://t.co/So6oU1sX0Y
Game incoming!
https://t.co/ZalEIfq5VC
C'mon guys. @Demosthenes555 has absolutely delivered here. Not that there was ever any doubts.
If there is any project founder that is going to be successful on their endeavours its Demos.
@TMO_RH will be a serious player in the @RobinhoodCrypto eco system.
Mark my words.
fitting @crypto_czar_eth got the ruby and emerald sentinals.. red and green candles, red and green for Christmas
Christmas coming early for @TMO_RH enjoyoors believe that
Grats czar on nailing two of the 1/1s, especially this symbolic combo
Cardanoโs three founding entities received approximately 5.185 billion ADA at genesis:
@IOGroup: 2.463B ADA
@emurgo_io: 2.074B ADA
@Cardano_CF: 648M ADA
Retained ADA can earn staking rewards, which can be sold without selling the underlying stake.
For scale, 5B ADA earning 2% annually would generate approximately 8.33M ADA per month. That is an illustration, not a claim about their current combined holdings or rewards.
Spending that income does not require a fresh treasury proposal or dRep approval. When rewards are sold, the cash comes from market buyers.
ADA holders deserve to ask what they are getting in return.
Staking income is not evidence of commercial success. Selling rewards can fund salaries, programs, and institutional ambitions without demonstrating that those expenditures create enough demand to sustain the ecosystem....or benefit $ADA holders.
If that spending fails to produce adoption and economic activity, $ADA holders are effectively financing money being set on fire.
Meanwhile, independent builders who could help create that activity spend months pursuing funding, preparing proposals, and navigating uncertain decisions. Our team has experienced this firsthand.
We've spent an entire year taking part in programs that were either cancelled, or not really what they've seemed when dReps approved them.
Expecting undercapitalized teams like CSWAP to offset the massive spending by founding entities with close to zero support is a recipe for failure.
The founding entities have resources that could support ecosystem builders. The treasury has resources that can support ecosystem builders. If resources are not getting to the right places, then its tough to argue that Cardano is decentralized.
A truly decentralized ecosystem would not see so much centralized power and misspending.
Most of the credit for keeping the ecosystem alive goes to independent builders....yet we have almost no access to funding. We have to claw and scrape to get any support, while the founding entities just print money whenever they feel like it.
Now they are complaining...and going after the treasury themselves...not because they are fighting for $ADA holders, but because they are fighting for themselves.
If you hold ADA, you have every reason to demand results. They are spending your cash... and this is before a single treasury dollar is rewarded, or a single dRep even votes.
We refuse to play games, join a cabal, or pretend otherwise. This ecosystem needs to start putting its token holders first.
Support ecosystem builders. We are the only ones that can help dig Cardano out of this hole.
@yutazzz@jasonappleton@JaromirTesar