Cardano News Today – What Does IOHK’s $250k Fund Mean for the Cardano Community – September 17th, 2020

  • Cardano’s Parent Company IOHK has Just Announced the Launch of its $250k Fund
  • The $250k Fund is for the Cardano Community, What Does This Mean?
  • Cardano ADA Token is at the Verge of Falling Below the $0.0900 Level

Cardano News Today – The parent company of Cardano, IOHK has just launched a $250k fund for the Cardano community. The firm posted a press release on its official blog yesterday. They noted that they would be giving the Cardano community $250,000 to fund the next major project on the blockchain, Project Catalyst. Project Catalyst is an experimental project that will invite more developers to create decentralized applications on the Cardano blockchain. Thanks to project Catalyst, holders of the Cardano ADA token will be able to make suggestions, vote, collaborate and award funds to the best or most loved projects effectively.

Cardano News Today – the Beginning of a New Era for Cardano

Voting is one of the first and most decentralized components of Cardano’s Voltaire. This phase, which will be launched before the end of the year, will mark the beginning of the decentralized era. Every single ADA holder will be able to participate in decision making on the platform. Thanks to the $250k fund, the winning proposal will be fully funded by IOHK. The press release stated that the winning proposal isn’t the only one that will get attention. Others that weren’t picked for immediate funding will be reviewed on Cardano’s mobile voting platform. The mobile voting platform is currently under development.

Cardano (ADA) Price Today – ADA / USD

NamePrice
cardano
Cardano
$2.20

Yesterday, Cardano’s Charles Hoskinson said that their latest move marks the beginning of a new era. In his words;

“I am super excited to be presenting in this crowd cast: https://t.co/kyoQTHjQpF Dor and his team have done extraordinary work pushing the boundaries of on-chain governance and we are about to begin a new era for Cardano”

Cardano Price Prediction – Cardano ADA Token is at the Verge of Falling Below the $0.0900 Level

This isn’t the first big news that Cardano is announcing this year. The blockchain platform has been doing well since the beginning of the year. Less than two months ago, they released the Shelley hardfork. This was the beginning of true decentralization for Cardano. The Cardano ADA token got a lot of hype ahead of the Shelley hardfork reaching a yearly high of $0.1550 before it started declining against the USD.

At the time of writing, the price of the token was $0.091244. This means that it is up by 0.58% against the USD and up by 1.43% against Bitcoin BTC. The trading volume over a 24 hour period was $1,101,528,532 and the market capitalization was $2,838,840,497. With the current market trend, it’s difficult to determine what will happen to the ADA token. Will it rise again ahead of the Voltaire phase or will the bears continue to prevail.

Max writes about blockchain projects and regulation with a special focus on United States and China. He joined Smarterum after years of writing for various media outlets.

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