"Cardano's Ads Not Lagging: Founder Responds to Solana Comparison"
- Charles Hoskinson responds to criticism of Cardano’s advertising compared to Solana.
- Hoskinson defends Cardano’s advertising approach on social media platform X.
- ADA enthusiast Bradford Rich questions Cardano’s advertising efforts in comparison to Solana.
- Hoskinson emphasizes Cardano’s unique approach with community governance and a Treasury.
- Cardano prioritizes community engagement over traditional advertising methods like Solana.
The renowned cryptocurrency founder expressed his thoughts on the allegations via the social media platform X (formerly known as Twitter). Hoskinson’s X post was prompted by a critique from ADA enthusiast Bradford Rich, who criticized the Cardano team and its founder for not leveraging advertisements, akin to Solana, to enhance the network’s adoption.
Charles Hoskinson, the esteemed founder of Cardano, has recently addressed criticism from community members regarding the project’s advertising strategy compared to Solana’s approach.
Cardano’s Advertising Approach Compared to Solana
Hoskinson took to social media, particularly X (formerly Twitter), to share his perspective on the matter. This response came following criticism from ADA enthusiast Bradford Rich, who questioned Cardano’s advertising efforts in comparison to Solana’s.
Rich queried whether Cardano’s team had similarly run advertisements and tagged the network’s founder and key team members for clarification.
Hoskinson’s Response and Cardano’s Unique Approach
Hoskinson rebutted the notion of solely relying on advertisements to drive ecosystem growth. He emphasized Cardano’s distinctive approach, which includes community governance and a Treasury.
“This mindset is an example of all that is wrong with how to run an ecosystem. Cardano has a Treasury and has community governance,” Hoskinson emphasized.
He outlined a five-step model, which involves forming a working group, engaging with stakeholders, determining costs and specifications, seeking community approval, and executing the plan.
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While Cardano may not prioritize advertisements like Solana, it has successfully garnered interest from prominent cryptocurrency projects. This underscores the network’s robust presence in the crypto space despite criticisms.
Addressing further criticism from another ADA enthusiast known as Alf-Vault, Hoskinson compared Cardano’s decentralized model to other strategies. He highlighted the importance of effective community participation in decentralized protocols, citing examples such as Circle and USDC.
Hoskinson concluded by reiterating that decentralization extends to various aspects, including marketing, partnerships, growth strategies, and roadmaps. This, he emphasized, is the essence of decentralization in the cryptocurrency ecosystem.
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In response to community criticism about Cardano’s advertising strategy compared to Solana, Charles Hoskinson, the founder of Cardano, addressed concerns on social media platform X. Prompted by ADA enthusiast Bradford Rich’s critique, Hoskinson discussed the distinct approach Cardano takes, emphasizing community governance and a Treasury over reliance on ads. Despite comparisons, Cardano’s strong community engagement and decentralized model stand out, with Hoskinson stressing the importance of community participation in decentralized protocols like Cardano, citing examples such as Circle and USDC. This underscores the essence of decentralization in the cryptocurrency ecosystem.
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