tl;dr
The Cardano community is poised to take over a $681 million treasury, one of the largest in the cryptocurrency market, coinciding with the highly anticipated Chang Fork, signaling the start of the "Age of Voltaire." The treasury, funded by transaction fees and block rewards, will support ecosystem d...
Cardano Community Anticipates Gaining Control of $681 Million Treasury with Chang Fork
The Cardano community is poised to take over a $681 million treasury, one of the largest in the cryptocurrency market, coinciding with the highly anticipated Chang Fork, signaling the start of the "Age of Voltaire." The treasury, funded by transaction fees and block rewards, will support ecosystem development and features a three-layered governance structure overseen by the Cardano Foundation, Input Output Global (IOG), and EMURGO. The Chang Fork will mark the transition to a fully decentralized blockchain ecosystem, enabling ADA holders to propose and vote on improvements. Cardano aims to achieve self-sustainability and empower its network participants through upcoming upgrades.
Cardano Community to Receive $681 Million Treasury
The Cardano community will gain control of a treasury worth more than $681 million. This is the eighth largest treasury in the industry, according to TapTools’ data. TapTools shared a screenshot showing that Cardano’s treasury comprises ADA tokens only. This is different from its peer protocols on the blockchain, which feature stablecoins and other cryptocurrencies like Bitcoin and Ethereum. Cardano’s treasury, funded by transaction fees and block rewards, will support ecosystem development, ensuring sustainability. The project’s roadmap features a three-layered governance structure: the Cardano Foundation, Input Output Global (IOG), formerly IOHK, and EMURGO. These entities oversee development, research, and commercial endeavors, respectively. The treasury handover coincides with the upcoming Chang Fork, a major upgrade that will transition Cardano to a fully decentralized blockchain ecosystem. Cardano founder Charles Hoskinson described this as the most significant milestone in both the network’s and the industry’s history.
The Chang Fork and Cardano's Vision
The Chang Fork will complete Cardano’s multiyear program, transferring blockchain control to its community. Voting and treasury systems will become operational, allowing ADA holders to propose and vote on improvements. With upcoming upgrades, Cardano aims to achieve self-sustainability and empower its network participants, giving them governance authority through the existing staking and delegation process.
More about MicroStrategy Incorporated
MicroStrategy Incorporated provides global business analysis software and services. The company is headquartered in Tysons Corner, Virginia.
Sector: TECHNOLOGY
Industry: SERVICES-PREPACKAGED SOFTWARE
Revenue: 26320173000
Dividend Yield: None
Market Cap: None
Price/Earnings Ratio: -10.68
EPS: 32.62
Profit Margin: -0.174
Shares Outstanding: 489592000
Beta: 1756.95
Volatility: -0.775
Return on Equity: -0.055