Cardano Backs Exchange-Listing Loan While ADA Holds $0.517 Support

Cardano faces a major governance decision as a treasury loan vote for global exchange listings gains momentum. At the same time, ADA tests a key $0.517 support level after breaking below its ascending trendline. Cardano vote tops 3B ADA on proposal to fund global exchange listings Cardano’s latest governance vote has drawn more than 3 billion ADA in support for a proposal that seeks a treasury-backed loan to pursue tier-1 exchange listings. The measure asks the on-chain treasury to release 5 million ADA as a repayable loan to finance a coordinated “global listing expansion” program. Cardano Treasury Vote Stake Chart. Source: X The vote reflects rising community engagement after Cardano’s transition to full on-chain governance this month. As ballots continue to come in, the proposal remains one of the most closely watched items on the network’s new governance dashboard. According to the proposal, the 5 million ADA loan would be...

https://coinpaper.com/12366/cardano-backs-exchange-listing-loan-while-ada-holds-0-517-support