(Written by @Nathan_Kaiser, Chairperson of the Cardano Foundation)
I am once again proud of our vibrant community. The ITN extension vote is a living proof of our functioning democracy. The community has spoken and the Cardano Foundation supports its decision.
The Cardano Foundation’s mandate is to protect the interests of the community and we, therefore, let the community take the lead. As Cardano’s custodian, the Cardano Foundation’s Council decided to participate with 50% of its ada holdings and with that 50% voted to abstain.
Protecting the community’s interests and guided by decentralization principles, the Cardano Foundation believes the vote is a sign of democracy, a principle we hold close to our hearts.
Thank you for all your support.
Chairperson, Cardano Foundation