Information on the ongoing Catalyst Fund10
At the time of writing, there is still time to submit a proposal and register as a community reviewer. Everyone who wants to vote in Fund10 must register.
At the time of writing, there is still time to submit a proposal and register as a community reviewer. Everyone who wants to vote in Fund10 must register.
This also applies to those who are already registered. Voting will take place in the first half of September. Switching to the crypto economy 50M ADA has been allocated to Fund10. A new feature of Catalyst is that teams seeking funding now express the value of the project in ADA, not USD.
How much is 50M ADA for Cardano? 50M ADA is deposited into the Cardano treasury roughly every 6 weeks (8 to 10 epochs). ADA comes from monetary expansion and fees. Teams must deal with the volatility of cryptocurrencies themselves and consider whether they will be able to deliver the project when the ADA exchange rate changes against the Read article: Information on the ongoing Catalyst Fund10
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