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Cardano Foundation Reveals Its ADA Holdings
Cardano Foundation has just brought more transparency to the table by posting a link to their current wallet. That followed their decision to move its funds from the ‘old’ CF wallet.
![Cardano Price Prediction [UPDATE]: Reasons Why 2019 Will Be Good for Cardano](https://u.today/sites/default/files/styles/300/public/node-15420.jpg)
Jack ThomasNo funds have been spent
In its forum post, CF states that no ADA funds have been spent so far. They had to transfer the funds to another wallet in order to make sure that their funds were secure. Furthermore, they also state that they can use additional addresses for managing ADA funds if there is such a necessity.
If CF doesn’t cooperate
It is worth mentioning that CF is a non-profit organization that is based in Switzerland. The funds that the foundation currently holds can only be used for the activities that have been specified in the foundation’s deed and statutory purpose. If CF refuses to cooperate with IOHK and Emurgo, the Cardano community can take legal actions through Swiss authorities (there are supervisory authorities in the canton of Zug).
What’s next for Cardano?
As U.Today reported earlier, Cardano CEO Charles Hoskinson is expected to reveal a new roadmap during his keynote speech during the upcoming IOHK summit, where he will also outline the 2020 Cardano vision. Meanwhile, Cardano Foundation, Emurgo, and IOHK (three independent organizations) are joining forces in order to move the project forward.
Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available.
Arman Shirinyan
Dan Burgin
Vladislav Sopov