One of the biggest Cardano (ADA) contributors known for his work in the ecosystem, Sebastien Guillemot, recently revealed a significant donation made by his development crew, dcSpark. The donation, worth $460,000 ADA tokens, represents a $400,000 loan, alongside $60,000 in accumulated interest.
The developer stated that the donation process took longer than expected, primarily due to waiting for the official implementation of the treasury donation feature on the Cardano blockchain. To maintain fairness, interest was calculated month-by-month at a 6% APR over the entire holding period.
Related
Sat, 04/05/2025 - 15:30 Cardano’s ADA First 'Death Cross' in 2025 Fast Approaching: What’s Next?
Tomiwabold Olajide
HOT Stories ETH/BTC Collapses Below 0.02 Bloomberg Veteran Shares Fascinating Observation About XRP and Bitcoin Is Bitcoin (BTC) Headed for $72,000? Dogecoin (DOGE) Price Hit Critical Support, Shiba Inu's (SHIB) Whales Take Control? Shorting Bitcoin Will Be Best Bear Market Play, Veteran Economist Says
What is amusing is that as Guillemot is a builder, and dcSpark are builders too; they presented a new version of the Cardano Rust SDK that includes support for the newly added treasury donation functionality, expanding the toolkit available to developers building on Cardano - exactly what they were missing to make this on-chain donation to the treasury.
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
The most interesting part is, of course, by how much these tokens were bought, and Guillemot revealed that information too.
The acquisition was executed just a few days ago, with ADA purchased at an average price of $0.67. The simple calculations say that the developer and company donated around 686,567 ADA.
Related
Thu, 04/03/2025 - 14:55 Cardano Sell-off Deepens, What Are Key Price Levels to Watch?
Godfrey Benjamin
Since then, the price of the Cardano token experienced a significant sell-off, alongside the broader cryptocurrency market, and is now trading at $0.5231. For Guillemot, however, the positive impact of acquiring ADA and the benefit of increasing the treasury reserve remains, despite the volatility of the price.
Related
Tue, 04/01/2025 - 14:04 200,000,000 ADA Cumulative Transfer Stuns Community: Details
Yuri Molchan
According to Cexplorer, Cardano Treasury now contains over 1.72 billion ADA, which in currency prices is equivalent to $927,08 million.
免责声明：本文章仅代表作者个人观点，不代表本平台的立场和观点。本文章仅供信息分享，不构成对任何人的任何投资建议。用户与作者之间的任何争议，与本平台无关。如网页中刊载的文章或图片涉及侵权，请提供相关的权利证明和身份证明发送邮件到support@aicoin.com，本平台相关工作人员将会进行核查。
