<p>One-Stop Dao Management We navigated many challenges while creating the first DAO on Cardano. Summon Platform is built on knowledge gained on that journey, designed to make it easy for any community to create their DAO. The emergence of Web3 technologies presents an opportunity to shift organizational structures toward more cooperative models of governance. Rather than a single individual or small group of people at the top governing an organization, algorithmic protocols can gauge policy sentiment in a given community of participants, serving as an electronic agent to execute consensus decisions. In Decentralized Autonomous Organizations (DAOs), thousands of people can be empowered to coordinate within a transparent set of rules. Communities starting out on Cardano today are grasping for products that enable them to achieve the kind of decentralization offered by a DAO’s structure. While some organizations may choose not to become a full DAO, they may want to offer a mechanism of community governance and coordination. A great step towards this design is made possible through the use of Native-Scripts for voting and spending; however, it doesn’t scale to allow for DAO-driven protocols, or to empower millions of users to partake in the governance of a single DAO. ADAOcommunity, a Cardano DAO focused on open-source development, was formed to meet this need and write open-source software. From the Core Contributors of ADAO, the Summon team formed to create a new platform that will implement these technologies in a way that is accessible to all Cardano users.</p>

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<p style="margin-left:auto;text-align:justify;">We are pleased to share that the Interim Constitution is now live and available to read.</p><p style="margin-left:auto;text-align:justify;">This interim Constitution provides the basic rules needed to implement CIP-1694. It's temporary and will be replaced by a final Constitution, which Ada holders will ratify in late 2024 or early 2025. The final version may be quite different, depending on what the Cardano community wants.</p><p style="margin-left:auto;text-align:justify;">You’ll find it on the new <a href="https://constitution.gov.tools/en"><u>Constitutional Committee Portal</u></a>, the information hub for the interim Constitution and the interim Constitutional Committee. We are also hosting a copy on our <a href="https://docs.intersectmbo.org/cardano/cardano-governance/interim-constitution"><u>Knowledge Base</u></a>&nbsp;and Github repository.</p><h2 style="margin-left:auto;"><span style="color:rgb(0,0,0);"><strong>Making governance accessible to all</strong></span></h2><p style="margin-left:auto;text-align:justify;">The publication of the interim Constitution and the technical guardrails marks the next step towards having a candidate node to bring on-chain decision making to Cardano. The Interim Constitution is not a fully elaborated constitution, but rather a set of essential rules that are designed to ensure Cardano maintains stability during the interim period. Later this summer, SPOs and the community will continue testing as nodes upgrade to enter the bootstrapping phase. Learn more about the Constitutional Committee in this <a href="https://www.youtube.com/watch?v=2p_bj5dwVp4"><u>video</u></a>.</p><p style="margin-left:auto;text-align:justify;">One of the core pillars of Intersect is to advance and champion on-chain governance, which includes funding opportunities to ideate and develop community tooling to support Cardano’s governance. Earlier this year, we launched three grants to fund the development of governance tooling, with Intersect member <a href="https://bloxico.com/"><u>Bloxico</u></a>&nbsp;selected to develop the <a href="https://constitution.gov.tools/en"><u>Constitutional Committee Portal</u></a>. Next up are the Proposal Discussion Forum and DRep Campaign Platform, developed by Intersect members WeDeliver and <a href="https://www.lidonation.com/en"><u>LidoNation</u></a>&nbsp;respectively. These grants are a key component for enabling Voltaire to develop the tools to increase participation and access to Cardano’s on-chain governance, ultimately intending to drive better outcomes on-chain. You can read more about governance tooling <a href="https://docs.intersectmbo.org/intersect-community-grants/grant-projects"><u>here</u></a>.</p><h2 style="margin-left:auto;"><strong><img class="image_resized" style="width:780px;" src="https://lh7-us.googleusercontent.com/rN0sr063JPKFB6vM_RF_dfi8ukiD3C6qiBFxj1X7AcWqDajf7dU_lq6S4u5H10CuxtExMKXWm8biiSmQh3F92HVzOT8PxABcOxZ57LwbNHDeZZeK9IFy9CVgJfVJbzK3ajvE4MoaxDqbMNgxP_162B4" alt="" loading="lazy"></strong></h2><h2 style="margin-left:auto;"><span style="color:rgb(0,0,0);"><strong>Next steps - drafting the final Constitution</strong></span></h2><p style="margin-left:auto;text-align:justify;">The interim Constitution Committee will uphold the rules and guardrails set out in the interim Constitution, maintaining the safety and security of the chain through the remainder of the interim period. We are now in the final stages of the process to establish the interim Constitution Committee - voting via the <a href="https://icc-election.intersectmbo.org/"><u>Summon platform</u></a>&nbsp;for the three community members to join Intersect and pioneer entities IOG, EMURGO and the Cardano Foundation and closes on June 23 - and the response from community members has been fantastic.</p><p style="margin-left:auto;text-align:justify;">With this key security in&nbsp;place, the governance journey goes global! Over the past few weeks, we have been blown away by the response to the call for hosts to conduct a series of global consultation workshops, receiving 98 applications from 46 countries! Over the next few weeks, Intersect will award grants to workshop hosts to bring the community together. Look out for a workshop near you to get involved and have your say.</p><h2 style="margin-left:auto;"><span style="color:rgb(0,0,0);"><strong>More ways to get involved</strong></span></h2><ul><li>Stay close to <a href="https://x.com/IntersectMBO"><u>our socials</u></a>&nbsp;to find out how you can attend one of 50 global workshops to input on the draft Constitution (confirmed workshops announced on July 3!).</li><li>Keep testing the technical features by heading to <a href="https://sancho.network/"><u>SanchoNet</u></a>&nbsp;to learn more, and to <a href="https://sanchogov.tools/"><u>GovTool</u></a>&nbsp;to participate with a user-friendly experience.</li><li>Join <a href="https://intersectmbo.org/"><u>Intersect</u></a>&nbsp;and contribute through community-focused committees and working groups, including groups involved in creating a constitution draft that feeds into a broader community consultation process leading up to ratification.</li><li>Apply for <a href="https://www.intersectmbo.org/grants"><u>funding opportunities</u></a>&nbsp;at Intersect to support the rollout through community tooling and other community initiatives.</li></ul>

Intersect

Introducing the Interim Constitution: Paving the Way for Community Governance

<article>
<div>
<ul>
<li><strong>Cardano community begins voting for the Interim Constitutional Committee (ICC).</strong></li>
<li><strong>The voting process is a crucial step towards governance restructuring under the Chang hard fork.</strong></li>
</ul>
<hr />
<p>In a recent update on Cardano, as reported by CNF, the c<a target="_blank" href="https://www.crypto-news-flash.com/cardano-ada-and-xrp-rebound-sparks-surge-in-short-positions/">rypto market saw a sudden rebound with Cardano</a> (ADA) surging by more than 4% before dipping back into the “red zone” to trade at $0.39.</p>
<p>This fluctuation coincides with the beginning of the voting process for the Interim Constitutional Committee (ICC) on June 13, marking a pivotal step towards restructuring Cardano’s governance model under the <a target="_blank" href="https://www.crypto-news-flash.com/cardano-ada-struggles-amidst-fomc-volatility-despite-chang-hard-fork-announcement/">upcoming Chang hard fork</a>.</p>
<p>This voting allows ADA holders to select three new members for the ICC and is conducted through the Summon Platform, concluding on June 23, covering Epochs 491 and 492.</p>
<h2>Charles Hoskinson’s Clarification</h2>
<p>In a recent tweet, Charles Hoskinson addressed the current concerns:</p>
<blockquote><p>“My understanding is that the entire package will be released with the release candidate node. This includes the fork-ready candidate, the guardrail contract, and the interim constitution. I’d bet on or before Friday.”</p></blockquote>
<blockquote>
<p>My understanding is that the whole package was going to be released with the release candidate node. So that's the fork ready candidate, the guardrail contract, and the interim constitution. </p>
<p>I'd bet on or before Friday.</p>
<p>— Charles Hoskinson (@IOHK_Charles) <a target="_blank" href="https://twitter.com/IOHK_Charles/status/1803559240000324024?ref_src=twsrc%5Etfw">June 19, 2024</a></p></blockquote>
<p>Hoskinson’s statement aims to clarify the timeline and content of the upcoming releases, ensuring transparency and preparedness <a target="_blank" href="https://www.crypto-news-flash.com/cardano-and-voltaire-advancing-core-technology-and-community-governance/">within the community</a>.</p>
<h2>Community Reactions and Suggestions</h2>
<p>The community, however, has varied opinions. Some members argue that secrecy could be counterproductive, especially in a decentralized ecosystem where community trust and participation are paramount. Lanningham further criticized IOG’s approach to handling early drafts and suggested alternative methods to foster a healthier dialogue about the evolving governance structure.</p>
<p>Lanningham proposed that IOG should proactively discuss the motivations behind controversial provisions and the rationale for their inclusion. By doing so, they could address potential controversies preemptively, reducing speculative noise and building a more resilient governance framework.</p>
<h2>The Cardano Constitution and Governance Model</h2>
<p>According to insights by the Mitrade platform, the Cardano Constitution—currently an off-chain informational document as per CIP-1694—is intended to encapsulate the core values of Cardano and ensure its long-term sustainability. It envisions evolving into a smart-contract driven framework over time.</p>
<p>Meanwhile, the ICC is designed to act as a guardian of this constitution. Mechanisms are in place to replace it through specific governance actions if necessary, reflecting a robust and flexible governance framework aimed at both accountability and adaptability.</p>
<p>As Cardano approaches the Chang hard fork, <a target="_blank" href="https://www.crypto-news-flash.com/cardano-voltaire-upgrade-a-game-changer-for-ada-as-community-takes-control/">the dynamics within its community</a> and the unfolding governance model remain of critical importance. The outcomes of the current voting and the subsequent integration of the interim constitution will likely have long-lasting impacts on the blockchain’s operational and governance landscape.</p>
<p>At the time of writing, Cardano (ADA) is priced at <strong>$0.3866</strong>, with an increase of <span><strong>0.14%</strong></span> in the past day and a decrease of <span><strong>8.39%</strong></span> in the past week. See price chart of ADA below.</p>
<hr /><h6>Recommended for you:</h6><div><div><h2>Subscribe to our daily newsletter!</h2></div><p><span>          No spam, no lies, only insights. You can unsubscribe at any time.</span><br /></p></div>
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<p>This article is provided for informational purposes only and is not intended as investment advice. The content does not constitute a recommendation to buy, sell, or hold any securities or financial instruments. Readers should conduct their own research and consult with financial advisors before making investment decisions. The information presented may not be current and could become outdated.</p>			</article>

Crypto News Flash (EN)

Cardano Community Initiates ICC Voting for Chang Hard Fork Governance

<div>
								<p>In a significant development in the Cardano blockchain ecosystem, the voting process for the Interim Constitutional Committee (ICC) began on June 13, marking a pivotal step towards the governance model restructuring under the upcoming Chang hard fork. The voting, which allows ADA holders to select three new members for the ICC, is conducted through the Summon Platform and will conclude on June 23, covering Epochs 491 and 492.</p>
<p>The ICC plays a crucial role during the technical bootstrapping phase of the <a href="https://bitcoinist.com/cardano-founder-change-for-ada/" target="_blank">Chang hard fork</a>, tasked with upholding the interim constitution and ensuring that Governance Actions align with its mandates. The election results are set to be announced on June 26.</p>
<h2>Cardano Founder Shares Key Update Amid Criticism</h2>
<p>Amid this pivotal governance update, Pi Lanningham, CTO of Sundae Labs—a Cardano-based project—<a href="https://x.com/IOHK_Charles/status/1803559240000324024" target="_blank">expressed</a> reservations about the current voting process, particularly concerning the non-disclosure agreements (NDAs) surrounding the draft constitution.</p>
<p>Lanningham argued, “I am explicitly not voting on the ICC election until IOG void all NDAs regarding the draft constitution.” He criticized the approach of Input Output Global (IOG), the development company behind Cardano, suggesting that their strategy might <a href="https://bitcoinist.com/cardano-founder-fud-hydra-scaling-partnerships/" target="_blank">amplify concerns</a> rather than quelling them, giving rise to unnecessary controversy.</p>
<p>By restricting open discussions around the draft, Lanningham believes that IOG inadvertently fuels conspiracy theories and heightens community discord. He expressed, “The Cardano Community at large does not have a great track record for nuance around complex topics […] However, trying to NDA these early drafts is having the opposite effect, in my opinion; It is amplifying the concern, and handing the conspiracy theorists ammunition.”</p>
<p>This statement underscores a broader concern that secrecy could be counterproductive, especially in a decentralized ecosystem where community trust and participation are paramount. Lanningham further criticized IOG’s approach to handling early drafts and suggested alternative methods that could foster a healthier dialogue about the evolving governance structure.</p>
<p>He proposed that IOG should proactively discuss the motivations behind controversial provisions and the rationale for their inclusion, thus preemptively addressing potential controversies rather than reacting defensively. He argued that embracing potential controversies could reduce speculative noise and build a more resilient governance framework.</p>
<p>Responding to the criticism and the ongoing community debate, Charles Hoskinson, founder of Cardano and CEO of IOG, provided an update indicating that the comprehensive governance package, including the fork-ready candidate node, the guardrail contract, and the interim constitution, would likely be released soon.</p>
<p>“My understanding is that the whole package was going to be released with the release candidate node. So that’s the fork ready candidate, the guardrail contract, and the interim constitution. I’d bet on or before Friday,” Hoskinson wrote.</p>
<h2>Chang Hard Fork And The ICC</h2>
<p>The Cardano Constitution—currently an informational off-chain document as per<a href="https://github.com/cardano-foundation/CIPs/tree/master/CIP-1694" target="_blank"> CIP-1694</a>—is intended to capture the core values of Cardano and ensure its long-term sustainability. It highlights a vision where the constitution may evolve into a smart-contract driven framework.</p>
<p>Meanwhile, the ICC is designed to act as a guardian of this <a href="https://bitcoinist.com/cardano-is-not-dying-founder-slams-media/" target="_blank">constitution</a>, with mechanisms in place to replace it through specific governance actions if necessary, reflecting a robust and flexible governance framework aiming for both accountability and adaptability.</p>
<p>As Cardano approaches the Chang hard fork, the dynamics within its community and the unfolding governance model continue to be of critical importance. The outcomes of the current voting and the subsequent integration of the interim constitution will likely have long-lasting impacts on the blockchain’s operational and governance landscape.</p>
<p>At press time, ADA traded at $0.392.</p>
<figure><img src="https://bitcoinist.com/wp-content/uploads/2024/06/ADAUSD_2024-06-20_10-26-30.png?resize=1024%2C473" alt="Cardano price" srcset="https://bitcoinist.com/wp-content/uploads/2024/06/ADAUSD_2024-06-20_10-26-30.png?resize=1024%2C473?w=3628 3628w, https://bitcoinist.com/wp-content/uploads/2024/06/ADAUSD_2024-06-20_10-26-30.png?resize=1024%2C473?w=640 640w, https://bitcoinist.com/wp-content/uploads/2024/06/ADAUSD_2024-06-20_10-26-30.png?resize=1024%2C473?w=768 768w, https://bitcoinist.com/wp-content/uploads/2024/06/ADAUSD_2024-06-20_10-26-30.png?resize=1024%2C473?w=980 980w, https://bitcoinist.com/wp-content/uploads/2024/06/ADAUSD_2024-06-20_10-26-30.png?resize=1024%2C473?w=1536 1536w, https://bitcoinist.com/wp-content/uploads/2024/06/ADAUSD_2024-06-20_10-26-30.png?resize=1024%2C473?w=2048 2048w, https://bitcoinist.com/wp-content/uploads/2024/06/ADAUSD_2024-06-20_10-26-30.png?resize=1024%2C473?w=750 750w, https://bitcoinist.com/wp-content/uploads/2024/06/ADAUSD_2024-06-20_10-26-30.png?resize=1024%2C473?w=1140 1140w, https://bitcoinist.com/wp-content/uploads/2024/06/ADAUSD_2024-06-20_10-26-30.png?resize=1024%2C473?w=3000 3000w" /><figcaption>ADA price, 1-day chart | Source: <a href="https://www.tradingview.com/x/ReIfqRrP/" target="_blank">ADAUSD on TradingView.com</a></figcaption></figure>
<p>Featured image from LinkedIn, chart from TradingView.com</p>
															</div>

Bitcoinist

Cardano Founder Gives Crucial Update On The Chang Fork

<p style="margin-left:0px;">As Cardano moves towards the Chang Hardfork and new governance structures come into play, the blockchain ecosystem is entering an exciting phase of transformation. Central to this shift is the Interim Constitutional Committee, a governance body designed to guide Cardano towards a fully decentralized model. With upcoming elections and new opportunities for community participation, this period promises to be pivotal for Cardano’s future. This article will delve into Cardano’s Interim Constitutional Committee, its upcoming elections, how to participate, and more.</p><p style="margin-left:auto;"><img class="image_resized" style="width:680px;" src="https://miro.medium.com/v2/resize:fit:1400/1*nz4jKBu5Y5gZq0bIQdDTXw.png" alt="" loading="lazy"></p><h2 style="margin-left:0px;"><strong>What is the Interim Constitutional Committee?</strong></h2><p style="margin-left:0px;">The interim constitutional committee on Cardano is a temporary governance body established to guide the blockchain’s transition to a decentralized model. Members will serve a 73-epoch term, about one year, starting with the Chang upgrade. Their primary responsibility is to implement CIP 1694, introducing a governance framework involving Delegate Representatives (DReps) and Stake Pool Operators (SPOs). Initially, the committee includes seven members. Input Output Global, the Cardano Foundation, and EMURGO will occupy three seats due to their roles and expertise. Intersect will have one seat to ensure broader representation. The remaining three seats will be filled through elections, bringing diverse voices into the governance process. The interim committee is crucial for ratifying governance actions and maintaining Cardano’s integrity during this transition. By involving stakeholders and community members, it aims to establish a robust governance model reflecting Cardano’s values and needs. Currently, committee members will not receive compensation, but Intersect will cover essential expenses. Future discussions may lead to a proposal for member compensation.</p><p style="margin-left:auto;"><img class="image_resized" style="width:680px;" src="https://miro.medium.com/v2/resize:fit:1400/1*nz4jKBu5Y5gZq0bIQdDTXw.png" alt="" loading="lazy"></p><h2 style="margin-left:0px;"><strong>Voting Timeline</strong></h2><p style="margin-left:0px;">The registration period for candidates was from May 28th to June 10th. On June 8th, a snapshot of ADA stakes was taken at the boundary of epoch 490. Voting will be open from June 13th to 23rd, utilizing the Summon platform. Finally, the results of the election will be announced on June 26th.</p><ul><li><strong>Registration Period:</strong> May 28th — June 10th (Registration has closed)</li><li><strong>Ada Stake Snapshot:</strong> June 8th</li><li><strong>Voting Period:</strong> June 13th — 23rd</li><li><strong>Results Announcement:</strong> June 26th</li></ul><p style="margin-left:auto;"><img class="image_resized" style="width:680px;" src="https://miro.medium.com/v2/resize:fit:1400/1*nz4jKBu5Y5gZq0bIQdDTXw.png" alt="" loading="lazy"></p><h2 style="margin-left:0px;"><strong>Voting Process</strong></h2><p style="margin-left:0px;">The voting process for the interim constitutional committee on Cardano is structured to ensure broad community participation and a fair selection of candidates. Both applications to the interim constitutional committee (CC) and the voting are open to anyone from the Cardano community. Registered candidates are required to answer a short set of questions and provide a Delegated Representative (DRep) ID from SanchoNet to confirm their basic technical competency. Voting is stake-weighted based on the ADA stake snapshot taken at the boundary of epoch 490 on June 8th. This ensures that voting power is proportionate to the amount of ADA held by voters at the time of the snapshot. The voting process employs ranked choice voting, allowing voters to select their top three candidates plus three alternates. This method provides a comprehensive representation of voter preferences. After the voting period, which runs from June 13th to June 23rd, the results will be presented back to the Civics Committee to verify the outcome and ensure the accuracy and fairness of the process.</p><p style="margin-left:auto;"><img class="image_resized" style="width:680px;" src="https://miro.medium.com/v2/resize:fit:1400/1*nz4jKBu5Y5gZq0bIQdDTXw.png" alt="" loading="lazy"></p><h2 style="margin-left:0px;"><strong>Candidate Considerations</strong></h2><p style="margin-left:0px;">Registered candidates must complete a brief questionnaire and provide a DRep ID from SanchoNet to verify their basic technical skills. These answers are available for users to review and assess <a href="https://intersect.gitbook.io/2024-constitutional-committee-members-election/candidates"><u>here</u></a>. According to the Intersect Election document, candidates for the interim constitutional committee are assessed on multiple crucial criteria to ensure they can effectively contribute to Cardano’s governance. They should possess a deep understanding of Cardano’s network, economy, security, and governance, as well as the inter-relationships between entities like Delegate Representatives (DReps) and Stake Pool Operators (SPOs). Competence in using the Cardano node, command line interface, and related tools is essential. A strong commitment to high security standards in managing cryptographic keys is vital. Valuable qualifications include experience in decision-making roles within blockchain or decentralized governance, alongside relevant professional experience or academic degrees in fields like Law, Political Science, or Computer Science. Long-standing and recognizable members of the Cardano community with sound judgment and social responsibility are also key considerations.</p><p style="margin-left:auto;"><img class="image_resized" style="width:680px;" src="https://miro.medium.com/v2/resize:fit:1400/1*nz4jKBu5Y5gZq0bIQdDTXw.png" alt="" loading="lazy"></p><h2 style="margin-left:0px;"><strong>How Can I Vote?</strong></h2><p style="margin-left:0px;">The voting period for the interim constitutional committee vote will be held from June 13th at 12:45 UTC to June 23rd at 12:45 UTC. Ecosystem participants who were holding ADA during the June 8th snapshot are now able to vote at the following link: <a href="https://icc-election.intersectmbo.org/"><u>https://icc-election.intersectmbo.org/</u></a>. The voting process is powered by the Summon Platform, a DAO tooling protocol on the Cardano Blockchain.</p><p style="margin-left:auto;"><img class="image_resized" style="width:680px;" src="https://miro.medium.com/v2/resize:fit:1400/1*nz4jKBu5Y5gZq0bIQdDTXw.png" alt="" loading="lazy"></p><h2 style="margin-left:0px;"><strong>Conclusion</strong></h2><p style="margin-left:0px;">Cardano’s Interim Constitutional Committee marks a critical step in the blockchain’s evolution toward decentralized governance. With the upcoming elections and the introduction of new governance frameworks, the community’s active participation is essential. The decisions made during this period will shape the future of Cardano, making it crucial for stakeholders to engage and vote. As we anticipate the outcomes of these elections, it will be interesting to see the effects of Cardano’s upcoming on-chain decentralized governance.</p>

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