Cardano’s (ADA) Venture Catalyst Fund8 Voting Lastly Kicks Off: What Does This Imply? – U.At the moment

Advertisements

Vladislav Sopov

Cardano (ADA) experts and enthusiasts can now support the most valuable projects in the Cardano (ADA) ecosystem

content

  • Fund8 referendum up and running; ADA holders can vote until May 5
  • Supporting the most promising products of the Cardano (ADA) scene: What is Project Catalyst?

The largest DAO-governed community incubation initiative in the Web3 space, Cardano’s Project Catalyst, is ready to accept votes from ADA holders. What has changed since the previous rounds?

Fund8 referendum up and running; ADA holders can vote until May 5

According to the official statement by Cardano’s Project Catalyst team, its eighth round has entered a community voting phase. Voting will be open for two weeks, until May 5, 2022.

It’s Friday, #Cardano🍻

✅ This means time to load insights from #ProjectCatalyst

🔑 Following soft launch yesterday, pleased to announce that voting is now ongoing smoothly!

🛫Apr 21, 2022 @ 11am UTC – START
🛬May 5, 2022 @ 11am UTC – END

Read on 👉 https://t.co/T8hiLb7MPG pic.twitter.com/rHEeTNXvHl

— Daniel Ribar 🧭 (@danny_cryptofay) April 22, 2022

Due to the increased number and diversity of projects that applied for funding, Cardano (ADA) community activists proposed the use of special tools for browsing, together with the official Voting App.

Also, in the Fund8 stage, voters will be incentivized to take part in referendums. Thirteen percent of the total ADA fund allocated for the projects (about $2,080,000 in equivalent) will be distributed to all participating voters proportionally to their ADA stake.

ads

As stressed by the Project Catalyst organizer, this round is of particular importance to Cardano-sphere evolution. It is set to mark the migration of the largest Proof-of-Stake (PoS) to an open-source model of development.

Supporting the most promising products of the Cardano (ADA) scene: What is Project Catalyst?

As covered by U.Today previously, Project Catalyst is an initiative of the Cardano (ADA) community and its core developer studio, Input Outout Global, designed to support development on the Cardano (ADA) blockchain.

Every Cardano-centric product at every stage of development—starting from MVP—can apply for funding. Cardano (ADA) community activists will support the most promising ones by locking ADA stakes in favor of this or that applicant.

With dozens of applicants, thousands of voters and a seven-digit fund for winners, Cardano’s Project Catalyst is the largest community-driven incubation program ever: almost 1,000 teams have gone through its seven rounds.


Share post on

Sonic BTC is reader-supported. When you buy through links on our site, we may earn an affiliate commission.

Cardano testsnet effectively hard forked however here’s a place of concern – AMBCrypto News Cardano

Cardano testsnet effectively hard forked however here’s a place of concern – AMBCrypto News

Input Output Global (IOG) had earlier informed members of the Cardano ecosystem of the...

By wpadminsonic164
Cardano Vasil Hard Fork is Now ‘Unavoidable’ after ‘Fruitful’ Testnet – Cryptonews Cardano

Cardano Vasil Hard Fork is Now ‘Unavoidable’ after ‘Fruitful’ Testnet – Cryptonews

Source: Adobe Stock / TANATPON Cardano (ADA)'s long-awaited Vasil upgrade, which aims to improve...

By wpadminsonic164
Cardano Becomes Most Actively Developed Project in Crypto Industry – U.Today Cardano

Cardano Becomes Most Actively Developed Project in Crypto Industry – U.Today

Arman Shirinyan Despite fundamental growth and high development activity, Cardano fails to satisfy investors'...

By wpadminsonic164
Cryptographic forms of money Price Prediction: SafeMoon, ApeCoin and Cardano — Asian Wrap 1 July – FXStreet Cardano

Cryptographic forms of money Price Prediction: SafeMoon, ApeCoin and Cardano — Asian Wrap 1 July – FXStreet

Can the second half of 2022 be kind to SafeMoon price? SafeMoon price shows...

By wpadminsonic164
Cardano: Devil is in the subtleties as ADA goes crazy – AMBCrypto News Cardano

Cardano: Devil is in the subtleties as ADA goes crazy – AMBCrypto News

Cardano [ADA] went through one of its biggest developments in June after the Vasil...

By wpadminsonic164
Cardano Critic Makes U-Turn After Calling It “Ph.D. Memorial park,” Praises Incoming Upgrades – U.Today Cardano

Cardano Critic Makes U-Turn After Calling It “Ph.D. Memorial park,” Praises Incoming Upgrades – U.Today

Bill Barhydt, CEO of Abra, seems to be biting his tongue concerning the Cardano...

By wpadminsonic164
Virtuoso X Onboards Four (4) New Projects – Cardano Feed Cardano

Virtuoso X Onboards Four (4) New Projects – Cardano Feed

Genius Xa premium business accelerator program on Cardano, is pleased to announce the third...

By wpadminsonic164
Cardano SPO Column: Hedges Stake Pool [HEDGE] – Cardano Feed Cardano

Cardano SPO Column: Hedges Stake Pool [HEDGE] – Cardano Feed

This week's guest on the Cardano SPO Column is a stake pool operated by...

By wpadminsonic164

Latest Posts

Cardano testsnet effectively hard forked however here’s a place of concern – AMBCrypto News Cardano

Cardano testsnet effectively hard forked however here’s a place of concern – AMBCrypto News

Input Output Global (IOG) had earlier informed members of the Cardano ecosystem of the...

By wpadminsonic164
Why Market Crash ?🚨 Crypto News Today | Why Crypto Market Going Down Today Videos

Why Market Crash ?🚨 Crypto News Today | Why Crypto Market Going Down Today

Why Market Crash ? Crypto News Today | Why Crypto Market Going Down Today...

By wpadminsonic164
Emily Elizabeth Leaves Massive Chest Hanging In Tiny Polka Dot Bikini – The Blast Polkadot

Emily Elizabeth Leaves Massive Chest Hanging In Tiny Polka Dot Bikini – The Blast

Emily Elizabeth spills out of her bikini once again! The influencer recently delighted her...

By wpadminsonic164
Solid Altcoins to Look Into During the 2022 Bear Market – Neo (NEO), Kusama (KSM) and Mushe Token (XMU) – Cryptopolitan Stellar

Solid Altcoins to Look Into During the 2022 Bear Market – Neo (NEO), Kusama (KSM) and Mushe Token (XMU) – Cryptopolitan

Anyone that has been around the crypto industry long enough is no stranger to...

By wpadminsonic164
São Paulo court freezes records of Binance contact to Brazilian banks – The Brazilian Report Binance

São Paulo court freezes records of Binance contact to Brazilian banks – The Brazilian Report

Jul 04, 2022 16:06 2 min read The top state-level court in São Paulo...

By wpadminsonic164
Cardano Vasil Hard Fork is Now ‘Unavoidable’ after ‘Fruitful’ Testnet – Cryptonews Cardano

Cardano Vasil Hard Fork is Now ‘Unavoidable’ after ‘Fruitful’ Testnet – Cryptonews

Source: Adobe Stock / TANATPON Cardano (ADA)'s long-awaited Vasil upgrade, which aims to improve...

By wpadminsonic164
Bitcoin'un çöküşü, kripto parayı yasallaştıran El Salvador'u nasıl etkileyecek? Videos

Bitcoin'un çöküşü, kripto parayı yasallaştıran El Salvador'u nasıl etkileyecek?

Son dönemde Bitcoin dahil birçok kripto para biriminde sıra dışı değer kaybı yaşanıyor. Kasım...

By wpadminsonic164
18.8 Million Dogecoin Bought by Whale with 40 Million XRP – U.Today Dogecoin

18.8 Million Dogecoin Bought by Whale with 40 Million XRP – U.Today

A large BNB whale, "Martian Manhunter," ranked 71st according to WhaleStats and holds 40...

By wpadminsonic164