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Cardano Founder Draws Line In The Sand–’I’ll Retire If This Fails’

  • Charles Hoskinson delivers ultimatum to Cardano community regarding network's ADA treasury overhaul.
  • Proposes transforming treasury into actively managed sovereign wealth fund to boost purchasing power.
  • Hoskinson emphasizes need for decisive action to propel Cardano's growth and competitiveness.
  • Outlines detailed mechanics of proposed fund, including diversification strategies and governance structure.
  • Mentions potential partnerships with Bitcoin DeFi protocols and stablecoin issuers to strengthen Cardano ecosystem.
  • Addresses concerns about potential impact on ADA price and fees associated with fund implementation.
  • Future of Cardano and Hoskinson's leadership hinges on community's response to governance action.
  • Community to vote on proposed framework, determining direction of Cardano project.
  • Hoskinson's firm stance marks a critical moment for Cardano's evolution and DeFi prospects.
  • ADA's current trading price stands at $0.63.

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