Cardano creator Charles Hoskinson is seeking approval for a budget that keeps his company, Input Output Global (IOG), at the center of the protocol's next growth phase.
Hoskinson believes this growth phase could propel ADA to between $3 and $10.
The budget, endorsed by a majority of elected delegate representatives, supports the funding of IOG engineers and research scientists, as well as work on scalability primitives and interoperability tooling.
If the budget is not approved, IOG may allocate resources to other ventures, including a privacy-focused partner chain called Midnight.