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Cardano's Project Catalyst Fund6 Concludes Voting Campaign

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Wed, 20/10/2021 - 15:55
Cardano's Project Catalyst Fund6 Concludes Voting Campaign
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Only a few hours remain for Cardano (ADA) enthusiasts to take part in the largest community vote, i.e., a referendum designed to indicate the winners of Project Catalyst.

711 applicants, $4 million in ADA at stake

According to the "last call" announcement by Input Output Hong Kong, the development studio behind Cardano (ADA), its Project Catalyst Fund6 is ready to enter a crucial stage.

The voting campaign that allows ADA holders to choose the winners of Project Catalyst will be closed on Oct. 21, 2021, at 10:00 a.m. UTC.

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IOHK representatives shared that 711 products submitted their proposals to Project Catalyst voting portal. As covered by U.Today previously, 267 projects took part in the previous iteration of Project Catalyst.

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In Fund5, the net amount of rewards was set at $2,000,000 in ADA tokens.

Largest community-driven campaign in crypto

Project Catalyst is a unique multi-phase incubator for all early-stage products interested in building on Cardano's (ADA) smart contracts.

Launched stealthily in August 2020, it garnered excitement across Cardano-focused dApps developers. The winners of Project Catalyst receive financial, consulting and promotional support.

Project Catalyst Fund6 is a special one as it is the first campaign launched with smart contracts live in Cardano's (ADA) mainnet.

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As such, the winners of this stage will be able to experiment with "real" Cardano smart contracts.

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