Cardano developer strengthens the treasury with $ 460,000 after a new functional rollout
- Cardanos Treasury grows by the equivalent of $ 460,000 in ADA after a new function enables direct contributions from the community.
- The ADA course jumped 11.6% of transfers and system upgrades; And there is other investors.
Sebastien Guillemot, co-founder of blockchain developers DCSPARK and PAIMA Studios, announced that he had transferred 685.165 Ada to the Cardano-Treasury.
Guildemomots payment is not only remarkable because of its scope, but also because of the transparency of the process. He announced details and explained that $ 400,000 was a loan that his company had previously recorded, while the remaining $ 60,000 interest rates that had been calculated over time with an annual return of 6%. The payment was made in ADA at an average price of $ 0.67.
Treasury function now supports direct donations
Payment was the first as part of a newly introduced function of the cardanosystem. With the transition of the network to Conway era, users can now donate directly to the treasury by defined steps. This update confirms the continuity of all elements that Cardano made unique, such as decentralization and focus on the community, which receives more and more tools to take part in the further development of the system.
We acquired $460k USD of ADA and donated it to the Cardano treasury
This represents 400k loan + $60k in accumulated interest
thanks for all the support for @dcspark_io pic.twitter.com/9nUYryPkPw
– Sebastien Guillemot (@sebastiengllmt) April 7, 2025
Guillemot noted that he had planned the payment earlier, but had delayed the step in the system. The new function offered the necessary infrastructure so that it could do it. He also paid attention to fairness because he valued the interest costs taking time and market into account to ensure that the correct amount was calculated.
Growth of the treasury signals long -term vision
The Cardano, managed by the Community, is an important part of the decentralized administration of the network. She finances project proposals, infrastructure upgrades and community initiatives that go through a formal voting process. According to Cexplorer, the treasury currently comprises more than 1.72 billion ADA with an estimated value of over $ 1 billion at current prices.
Ada course increases with the further development of the system
Shortly after the announcement of the donation and SDK publication, Cardanos Natural token ADA recorded a double-digit price increase. CNF data show that ADA rose by 11.64 % within 24 hours and is traded at $ 0.6042. While trade turnover dropped by 8.25 % to $ 1.5 billion, the upward movement of the price showed the interest of investors. According to the current market capitalization, ADA is currently in 10th place with a capitalization of $ 21.31 billion.
The price movement of the token can be attributed to network upgrades, growing engagement of the developers and a wider market mood. The circulating offer from ADA is now 35.27 billion of a maximum of 45 billion, which means that a significant part of the asset is already in private hand.
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