📣 Creators, Exciting News!
Gate Square Certified Creator Application Is Now Live!
How to apply:
1️⃣ Open App → Tap [Square] at the bottom → Click your avatar in the top right
2️⃣ Tap [Get Certified] under your avatar
3️⃣ Once approved, you’ll get an exclusive verified badge that highlights your credibility and expertise!
Note: You need to update App to version 7.25.0 or above to apply.
The application channel is now open to KOLs, project teams, media, and business partners!
Super low threshold, just 500 followers + active posting to apply!
At Gate Square, everyone can be a community leader! �
Cardano founder opposes burning 1.5 billion ADA tokens
Golden Finance reported that Cardano founder Charles Hoskinson publicly opposed the destruction of over 1.5 billion ADA tokens worth about $500 million on the blockchain network. Hoskinson pointed out in a social media post last night that these assets were not pre-minted tokens, but were generated through block production and trading. He believes that destroying these assets is equivalent to stealing from stake pool operators (SPOs) and ADA holders. On September 1st, Cardano completed the first phase of the Chang hard fork. Some community members support the destruction of tokens to boost ADA price, while others warn of potential harm. Jaromír Tesař, one of Cardano’s representatives of decentralization, believes that destroying assets would be a terrible mistake and suggests that these funds could be better used to support the development of Cardano.