There is 1.23B ADA in Cardano's treasury
Cardano has 1.23B ADA coins in its project treasury. Every 5 days, 0.3% is taken from the reserve (currently about 9.32B) together with collected fees and both are used for the epoch reward.
Cardano has 1.23B ADA coins in its project treasury. Every 5 days, 0.3% is taken from the reserve (currently about 9.32B) together with collected fees and both are used for the epoch reward.
From this amount, 20% is taken and put into the treasury. That's roughly 5.5M ADA every epoch. As the reserve declines, so do the contributions to the treasury. It is expected that in the future the income from the reserve will be gradually replaced by the income from fees.
Currently, roughly 20k ADA goes into the treasury each epoch from the fees collected. Cardano should be an ecosystem that is economically self-sustaining. This way it can maintain its independence from VC funds and can remain in the hands of the community. ADA in the treasury belongs to the community, i.e. all Cardano stakeholders.
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Proposals Catalyst F14 - Cast your vote, search "Otavio" in the Voting App.
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