Cardano Foundation iCC Vote on Treasury Withdrawal Governance Action ‘Withdraw ₳5M for Cardano’s Global Listing Expansion - Powered by Snek’
The Cardano Foundation has completed its constitutional assessment of the governance action #63 (Links: GovTool, Adastat, Cardanoscan) and deemed it to be unconstitutional.
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Governance Action Title: Withdraw ₳5M for Cardano’s Global Listing Expansion - Powered by Snek
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Governance Action ID: gov_action1r44w54hx553mz0sr4cc07f8tlxzj2sa57l2pt3l9pa2ldw42fc7sq5q3rtn
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Vote Transaction: Cardanoscan
As a member of the Interim Constitutional Committee (iCC), we are responsible for reviewing the constitutionality of all governance actions submitted to the blockchain.
For a detailed explanation of our assessment, please refer to our full rationale available in the following PDF hosted via IPFS:
https://bafybeigd2co5zse6t6yyvlh44s36fc43if32xjkfbsfcz427s6orgalsbm.ipfs.dweb.link/
Rationale Summary:
The proposed Treasury Withdrawal Governance Action “Withdraw ₳5M for Cardano’s Global Listing Expansion - Powered by Snek” is unconstitutional.