🔥 Gate Post Ambassador Exclusive Posting Reward Task Round 4 Is Live!
Not yet a Gate Post Ambassador? Apply now 👉 https://www.gate.com/questionnaire/4937
Join the Ambassador Task and post daily from June 9 to June 15, get your posts rated, and share a $300 prize pool based on your ratings!
🎁 Reward Details:
S-Level Weekly Ranking Reward
Post every day for 7 days with an overall quality score above 90 to qualify for S-Level.
2 outstanding ambassadors will each receive a $50 trading fee rebate voucher.
A/B-Level Tiered Rewards
Based on the number of posts and their quality, ambassadors will
The founder of Cardano proposed to exchange $100 million worth of ADA into BTC and stablecoins.
On June 13, according to CoinDesk, Cardano founder Charles Hoskinson proposed to use $100 million of ADA in the treasury to exchange it for Bitcoin and stablecoins (USDM, USDA) to increase the proportion of stablecoins on the chain and the DeFi ecosystem. Charles Hoskinson said the move would not hit the ADA market and dismissed liquidity concerns. At present, Cardano's on-chain stablecoins only account for about 10% of TVL, which is far lower than the scale of Solana's stablecoin ecosystem. The proposal is at odds with the Cardano Foundation's CEO Frederik Gregaard's previous emphasis on "TVL is not a key metric."