🔵 233 million ADA in hand, how does the foundation promote true decentralization? Many people's perception of the Cardano Foundation is limited to "Should it help projects with funding to get tokens listed on exchanges?" The daily work is more about maintaining the public infrastructure of the Cardano ecosystem, allowing ADA and Cardano's native tokens $CNTs to be integrated into exchanges and custodial services in a more stable and cost-effective manner. The foundation has long been invested in the maintenance and optimization of key technologies, such as GraphQL, Rosetta, Cardano-wallet, and the official Token Registry and API. These are essential tools for exchanges and custodians to connect with Cardano. They form the underlying "water and electricity network" of the entire ecosystem; without these infrastructures, there would be no smooth listing and user experience. In governance, the foundation is also a heavyweight participant, having voted over forty times and delegating 140 million $ADA from its stake of 233 million to community DReps to promote decentralization. It is also actively investing in education and tools to enable more people to genuinely participate in governance decisions. Looking back at the foundation's board history, it indeed faced difficulties in 2020, but after the intervention of Swiss regulatory authorities in 2021, with the assistance of professional lawyers and headhunting firms, it successfully completed a restructuring. The new board was formed through consensus and brought the foundation back to its three core missions: "Adoption, Education, and Resilience."
We have published an FAQ to address key community questions on: • Cardano token integrations • The Foundation’s role in governance • How the current board was elected Read the full FAQ here:
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