The Cardano Foundation has approved a proposal to loan ₳5,000,000 to enhance the global exchange listings of Cardano Native Tokens (CNTs). The initiative, put forward by the Snek Foundation, aims to bolster the international presence of Cardano-based tokens. Initially proposed as a non-repayable grant, the plan was revised to a structured loan with oversight from Intersect and an advisory board, addressing concerns about accountability and sustainability.
The proposal has garnered significant support, with 85.71% of the constitutional committee members voting in favor. The voting process is scheduled to conclude on November 25, 2025, marking a strategic move to increase the visibility and adoption of Cardano's ecosystem.
Cardano Foundation Approves 5M ADA Loan for Token Listing Expansion
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