Charles Hoskinson Says Cardano Now Hosts the World’s Largest DAO
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Cardano claims to host the largest DAO by voter participation; ADA holders now vote on protocol choices and treasury allocations (on-chain governance). Treasury holds ~1.65 billion ADA (~$429M) and is growing via a cut of transaction fees and block rewards. Larger treasury and active governance boost on-chain funding, adoption potential and Cardano's crypto governance profile.
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- Hoskinson says Cardano now operates the biggest DAO in the crypto industry.
- ADA holders get to vote on network choices and help decide where treasury funds go.
- The treasury keeps growing thanks to a cut of transaction fees and block rewards.
Charles Hoskinson just stirred up fresh talk about crypto governance, claiming Cardano now hosts the biggest DAO (Decentralized Autonomous Organization) in the crypto space. On a recent live broadcast, he highlighted how ADA holders get to vote on network choices and help decide where treasury funds go.
Hoskinson says Cardano now runs the biggest DAO in crypto, at least when you look at how many people actually vote. According to devs, the treasury holds about 1.65 billion ADA (around $429 million), and the community gets to vote on how it’s spent.
The treasury keeps growing thanks to a cut of transaction fees and block rewa…
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