Cardano (ADA) founder hits back against criticism over bad marketing strategy

Last updated Jan 27, 2024

A Cardano (ADA) enthusiast asked the Cardano team to adopt a better marketing strategy just like Solana but the Cardano founder explained how Cardano is different from Solana from the perspective of decentralisation.

On 26 Jan 2024, A Crypto enthusiast asked Cardano to look at the Solana (Sol) crypto project’s marketing strategy & suggested to follow better promotion stretagy for Cardano.

Charles Hoskinson, the co-founder of Cardano, responded to this criticism and said that promotional stunts for Cardano are totally a wrong approach for Cardano because Cardano is different from Solana.

Hoskinson explained that the Cardano project is highly decentralised & all the decisions for the Cardano always remain dependent on the community vote, approval for the plan, funding, & then execution.

In short, the Cardano founder stressed that the Cardano project’s development is based upon the actual need & community support, instead of individual decisions.

This mindset is an example of all that is wrong with how to run an ecosystem. Cardano has a Treasury and has community governance. Form a working group at Intersect, talk to the relevant parties, get prices and requirements, have the community vote to approve the plan and… https://t.co/B52SZxj7TU
— Charles Hoskinson (@IOHK_Charles) January 26, 2024

Furthermore, Hoskinson dragged attention toward CIP-1694 and said that Cardano community members can debate & vote to approve.

I support the goals of governance, to be clear. I think the generalized concern is that it's coming a bit too late for the current bull market. pic.twitter.com/drHN0OGvJE
— Ed n' Stuff (@EdnStuff) January 26, 2024

Another ADA enthusiast shared his disappointment with the Cardano team and said that Hoskinson & Cardano developer firm IOG playing hide & seek game with us because they can boost the use of the Cardano network via bringing USDC stablecoin on the Cardano network easily with only a $10 million investment, which is a very small amount of money for them, but they’re ignoring it.

@Cardano_CF and @IOHK_Charles playing hide and seek as soon if we talk about a 10 million $(not even peanuts for them,they wouldnt even notice) investment to bring us USDC to the chain,and we need it so urgently so i would say no
— Alf – Vault #119🐍 (@alf47985561) January 26, 2024

It is worth it to note that crypto traders can access multiple crypto assets on Solana & other crypto networks but sadly a limited number of crypto assets are available on the Cardano network and this is a very big negative point for Cardano’s adoption & use among the crypto traders.