Charles Hoskinson confirms Cardano treasury will not cover SNEK or Midnight listing fees. Projects must self-fund or seek alternatives.
- Main event: Cardano opts against using treasury for project listing fees.
- Concise takeaway: Hoskinson confirms no funds for SNEK, Midnight listings.
- Additional impact: Projects must strategize to cover significant costs.
On August 2, 2025, Cardano founder Charles Hoskinson announced via X that the Cardano treasury will not cover listing fees for SNEK, Midnight, or any affiliated projects.
The decision underscores Cardano’s commitment to decentralized ethos, prompting projects to seek alternative funding for exchange listings, thereby impacting future funding dynamics within the ecosystem.
Charles Hoskinson announced via X that Cardano’s treasury will not cover listing fees for projects like SNEK and Midnight, reinforcing a self-funded approach.
This decision maintains Cardano’s fiscal discipline policy and emphasizes decentralized funding, affecting how these projects will finance their exchange listings.
Cardano Withholds Exchange Listing Support
Charles Hoskinson, the founder of Cardano, declared that the Cardano treasury will not finance exchange listing fees for tokens such as SNEK or Midnight. His statement on X highlights commitment to fiscal discipline within the ecosystem.
“I support and like the SNEK community, but no one is getting listing fees (including midnight) covered by the treasury.” — Charles Hoskinson, Founder, Cardano & Input Output Global
Hoskinson’s message clarifies that no Cardano projects, regardless of their ties to the ecosystem, will receive treasury funds to cover exchange fees. Projects must explore self-funding or alternate options.
Funding Strategy Shifts for SNEK and Midnight
The immediate effect is a shift in funding strategies for projects wanting exchange listings. Communities like SNEK and Midnight must find alternative strategies amidst steep costs.
Financially, this choice underscores Cardano’s focus on protocol development over individual project marketing. It sparks discussions on the most prudent allocation of resources within decentralized ecosystems.
Cardano’s Historical Stance on Treasury Use
Historically, Cardano has not utilized treasury funds for listing fees, a consistently upheld stance amid other blockchain controversies. This aligns with broader decentralization principles.
Expectations include projects like SNEK forming creative funding models to achieve exchange listings, possibly setting a new standard for community-driven projects in blockchain initiatives.
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