Cardano’s biggest community initiative to finish voting for its sixth iteration
- 711 candidates, $ 4 million in ADA at stake
- The biggest community crypto campaign
Cardano enthusiasts (ADA) have only a few hours left to participate in the largest community vote – a referendum to determine the winners of Project Catalyst.
711 candidates, $ 4 million in ADA at stake
According to the announcement of the “final call” from Input Output Hong Kong, the development studio behind Cardano (ADA), its Project Catalyst Fund6 is poised to enter a critical milestone.
#ProjectCatalyst Fund6 voting is open until October 21, be sure to vote before 11:00 UTC! ️
During this round, 711 proposals were put to the ballot and seek to share more than $ 4 million in funding in $ ADA! ??
See how you can contribute and vote👇 https://t.co/dvytdN9nD7
– Input output (@InputOutputHK) 20 October 2021
The voting campaign that allows ADA holders to choose Project Catalyst winners will close on October 21, 2021 at 10:00 UTC.
Representatives of the IOHK reported that 711 products had submitted their proposals to the Project Catalyst voting portal. As previously covered by U.Today, 267 projects participated in the previous iteration of Project Catalyst.
In Fund5, the net amount of the rewards has been set at $ 2,000,000 in ADA tokens.
The biggest community crypto campaign
Project Catalyst is a single phased incubator for all early stage products interested in leveraging Cardano Smart Contracts (ADA).
Sneaked out in August 2020, it has sparked excitement among Cardano-focused app developers. Project Catalyst winners receive financial, advisory and promotional support.
Project Catalyst Fund6 is special because it is the first campaign launched with smart contracts live on Cardano’s main network (ADA).
Thus, the winners of this stage will be able to experience “real” Cardano smart contracts.