Charles Hoskinson, the founder of Cardano 
$0.25161, recently clarified that the Cardano Treasury would not cover the exchange listing fees for projects within its ecosystem in exchange for ADA. This statement comes after speculations arose about the financing of listing fees for major ecosystem projects, such as Midnight and Snek, on exchanges using treasury resources. Hoskinson’s declaration has resonated significantly within the Cardano community, providing clarity on the matter.
Charles Hoskinson’s Statement
In his statement, Charles Hoskinson emphasized his firm stance that the treasury funds would not be used for paying exchange listing fees for ecosystem projects. He insisted that all projects within the Cardano ecosystem need to move forward using their own budgets.
Charles Hoskinson clearly stated, “It is not an option to use the Cardano Treasury to pay exchange listing fees in ADA.” This statement became pivotal especially in the context of rumors surrounding projects like Midnight and Snek, providing a clear approach on resource management within the ecosystem.
Ecosystem Projects and Funding Policy
Recently, the topic of financing for the listing process of ecosystem-related projects on exchanges has sparked discussions. Projects like Midnight and Snek are highlighted as significant initiatives on the Cardano network. However, the confirmation that these projects will not receive central treasury support for listing fees has been established.
The Cardano Treasury is a community-managed budget executed with specific mandates. Charles Hoskinson pointed out that it is impossible for treasury assets to be directly allocated to specific projects.
Community and Transparency Emphasis
The Cardano community prioritizes transparency and equality principles in the use of treasury funds. Financial supports requested by projects are implemented according to established rules and community approval.
Following Hoskinson’s statements, community members highlighted the importance of fair and transparent management of resources. It is anticipated that the Cardano treasury fund will continue to be governed with this approach for future projects.
