3mo ago
On-chain governance action (Treasury Withdrawals).
This proposal as PDF.
This is a revised and 22% reduced budget treasury withdrawal proposal for the Cardano Summit 2026 in Singapore. Following extensive discussions with the community the Foundation has revised the proposal as follows:
- This proposal is decoupled from EMURGO’s TOKEN2049 sponsorship proposal.
- Budget is reduced by 22% or $550,000 while retaining the tier-one experience to showcase a L1 blockchain like Cardano, achieved through reduction from three stages to two which lowers production, tech and onsite logistics costs.
- Increased the CF’s estimated internal resource contributions to $380,000 from $250,000 to reduce external vendor costs.
We thank the community for their honest feedback and we respect the budgetary concerns given the current bear market. Feedback was consistently positive about the Summit’s strategic vision and value. We understand the broad consensus is
- Proposer return address:
stake1uyyqmz5ae7ct4f26p4t87y2xrrgu7f3e0cpap66zgcnxu0gl7gy6y - Deposit: 100,000 ₳
- Submitted: epoch 627
- Expires: epoch 634