List of Flash News about global exchange listings
| Time | Details |
|---|---|
| 11:02 |
Cardano (ADA) Governance: 5,000,000 ADA Repayable Treasury Loan at 2.44% Interest Backed by 36.89M ADA Vote to Expand Global Listings
According to @ItsDave_ADA, he voted with 36.89 million ADA in favor of a treasury withdrawal proposal to issue a 5,000,000 ADA repayable loan aimed at expanding Cardano’s global exchange listings, positioning it as a strategic investment for ecosystem growth and native token accessibility; he shared the announcement on X and included a transaction link for transparency, noting this is structured as a loan rather than a grant for sustainable treasury replenishment (source: x.com/ItsDave_ADA/status/1987476000700031187; source: adastat.net/transactions/e34a4d4e18bd825e4048454fc36f2766c7145681bb91218af2e6421c411cafb1). According to @ItsDave_ADA, the loan carries 2.44% interest, will be administered by Intersect, and will be overseen by a Board of Advisors with bi-yearly reporting and clear success metrics, which he emphasizes for accountability and execution tracking (source: x.com/ItsDave_ADA/status/1987476000700031187). According to @ItsDave_ADA, he encouraged the SNEK team to consider early repayments to build community trust and framed the initiative as a message that Cardano will invest in its own growth, inclusion, and competition, highlighting measurable milestones for traders to monitor such as reporting cadence and loan servicing progress (source: x.com/ItsDave_ADA/status/1987476000700031187). |