Funding Question

Apologies if this question has been asked before. I couldn’t find a definitive answer.

IOHK / Cardano has funding until January 2021. The original plan was to have a Treasury model completed by then which would fund further production.

Except we are almost into Q2 and shelly and other projects have yet to be fully released / implemented.

I know Charles has claimed that he will provide funds himself if they are not completed by 2021. However, has he written out a contract to back this up - has he moved funds already?

I know good quality code takes time. I understand further delays. But we only have 3Q’s left…

Please correct me if I am wrong. Thanks!

Welcome to the forum.

There is no time scale on the contract with IOHK. There were predictions for time scales but not a time expiry, only work completion expiry. People have been asking the same question but using 2020 as the end date, as this was the initial prediction.

IOHK are already funding the project themselves. Yes they got a few billion ADA, but they haven’t cashed in on any of that. So until IOHK complete the roadmap and cardano is working as intended IOHK lose money. They have a lot more riding on the completion of the current roadmap and cardano being successful than any of us. They have billions of ADA