Cardano Foundation Supports Proposal to Expand ADA and SNEK Global Listings

The foundation voted in favor of a treasury withdrawal plan aiming to boost international exchange availability of Cardano Native Tokens, including ADA and SNEK.

ADA

Summary

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Terms & Concepts
  • Cardano Native Tokens (CNTs): Tokens built on the Cardano blockchain that function similarly to ERC-20 tokens on Ethereum.
  • Treasury Withdrawal Proposal: A governance request to allocate funds from a project's treasury for specific initiatives.
  • Global Exchange Listing: The process of making a cryptocurrency available for trading on multiple international exchanges.