Cardano Community Votes on Revised $2M Singapore Summit Proposal as Governance Deadline Passes
The post Cardano Community Votes on Revised $2M Singapore Summit Proposal as Governance Deadline Passes appeared on BitcoinEthereumNews.com. Cardano DReps voted on a revised 7.8M ADA Singapore Summit proposal as the May 29 deadline passed, with yes votes hovering near the 66.67% threshold. The deadline passed. May 29 came and went, and the Cardano community’s on-chain vote on a revised Singapore Summit proposal closed with yes votes sitting near 65% — just below the 66.67% threshold required to unlock treasury funds. The treasury ask: 7.8 million ADA. At current prices, roughly $2 million. The two-day Cardano Summit, set for October 5 and 6 in Singapore, depends entirely on that number clearing. Who Blinked First When the Budget Shrank Cardano founder Charles Hoskinson and Cardano Foundation CEO Frederik Gregaard went public hours before the vote closed, pushing DReps to approve the request. Hoskinson confirmed plans to attend both the Summit and TOKEN2049 personally — a shift from his