50 Million Cardano Giveaway Confirmed for Next Week

Cardano’s ecosystem is on the verge of a significant milestone as IOHK, the blockchain development company, reveals the latest updates in its weekly report.

A significant highlight of the report is the 50 million ADA giveaway set to take place next week, elevating the anticipation among Cardano enthusiasts globally.

ADA Enthusiasts Shape Cardano’s Development Landscape

The Fund11 vote process in Project Catalyst has caught the attention of more than 5,000 wallets. About 920 ideas are competing for a small amount of community funding. More than 150,000 votes have been cast on these proposals.

ADA fans are paying a lot of attention to this decision-making process because the future of these projects now depends on how busy and involved the ADA community is.

This round of voting is mostly about problems potentially hindering Cardano’s growth. Many ideas, solutions, and goods can be used with ADA in proposals. They also include plans to make the environment more global and changes to improve the Catalyst Voting System.

🗳️ #ProjectCatalyst has transitioned into a celebration of all of the innovation spirit with the kickoff of #Fund11 voting.

You can cast your votes until February 8, 11 AM UTC. https://t.co/e6rCLP0QLh
13/n pic.twitter.com/QCyBZLY0mo

— Input Output (@InputOutputHK) February 2, 2024

The ADA Open Developers group has the most significant budget, with 11.5 million ADA set aside. This category invites interested parties to submit projects that answer a crucial question: what open-source tools are necessary for the thriving development of the Cardano ecosystem?

The competition is intense, with 127 proposals in this category featuring diverse budgets and innovative concepts.