Odaily Planet News: The Cardano Foundation posted on the X platform, stating that it has completed the first milestone of its governance roadmap. It has now delegated approximately 220 million ADA to 11 community representatives (DReps), about 20 million ADA per representative. The focus is on two key areas: ecosystem adoption and operations. This brings the total amount of ADA currently delegated by the foundation to community DReps to 360 million ADA. Meanwhile, the foundation will self-delegate the remaining approximately 17.1 million ADA to ensure that all assets are involved in governance.
Cardano Foundation Completes First Milestone in Governance Roadmap, Delegates 220M ADA to 11 Community Representatives
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Summary
Cardano Foundation completes first governance milestone, delegating 220M ADA to 11 community DReps for ecosystem growth. Each rep receives ~20M ADA, boosting total delegated ADA to 360M. The foundation will self-delegate 171M ADA to ensure full governance participation. This on-chain news marks a key step in the project's governance roadmap.
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