mrtmanjones 🐍

.@elonmusk: “We are in the singularity.” “I think we’ll hit AGI in 2026.” “You’re at the top of the rollercoaster about to go down.” “Don’t worry about squirreling money away for retirement. It won’t matter.” “I don’t just have courtside seats— I’m on the court. It still blows my mind multiple times a week.” Via @PeterDiamandis

"Meme coins should drive on-chain activity. Listing them on centralized exchanges (CEXs) works against that goal—users can buy and sell there without interacting with the Cardano network, meaning no fees or engagement on-chain." ✅ This is false. Volume generated on CEXs directly impacts ADA-USD volume and SNEK-ADA volume from arbitrage alone. Our market-maker is already the #1 trader by volume on the chain. More CEXs will increase our contributions to the treasury. "While CEXs are a key entry point into crypto, only a small percentage of users actually create on-chain wallets. Despite hundreds of millions registered on CEXs, only about 1–5% become on-chain users." ✅ Network effect. When you travel and go other crypto or tech conferences, nobody know that CNTs even exist. Most still think ADA has no smart contracts. This is because our CNTs and ecosystem layer has ZERO visibility on the most used platforms in the industry. Also getting 1-5% users would be an absolute bargain for 5M ADA. "Snek might help onboard some users, but its impact on Cardano’s overall success is limited." ✅ $SNEK is by far the most traded CNT with 17% of all volume registered on-chain ever. After ADA, it's again by far most used token for Cardano DeFi. Our product @snekdotfun is generating 30% of all trades on the chain. @snek is the biggest brand in Cardano. "As for marketing, spending 5 million ADA on listing fees isn’t the best use of funds. There are already marketing-focused proposals among the 39 withdrawals that offer better value." ✅ Nothing brings more visibility to a chain than a memecoin succeeding. Memes are adoption and marketing power. Getting a Binance, Coinbase, or Robinhood listing would generate more exposure for the Cardano ecosystem than all 39 withdrawals combined. Retail doesn’t talk about chain upgrades, they talk about memes. I’m not downplaying the other proposals at all; I fully support most of them, they’re necessary. But in terms of marketing impact, there’s no comparison. "Snek’s current market cap is $244 million. The team has reportedly reserved 10% (currently, around $24 million) for marketing, partnerships, and CEX listings. That’s a substantial budget for a meme coin." ✅ 10% of our token supply was allocated for growth at the very beginning of our journey, more than 29 months ago. We came from nothing to the biggest and most impactful project on Cardano by spending that 10%. The Snek Foundation currently owns only ~1% ($2.4m) and we already spent more than $4 million on CNT infrastructures and integrations that benefit everyone in the ecosystem. "Paying listing fees from the Cardano Treasury sets a problematic precedent. CEXs typically charge each project individually—it’s not a technical hurdle, it’s a business model." ✅ CEXs listings are key for adoption. The Snek team and the Cardano Foundation (CF) spent 2 months with Kraken engineers to make the exchange support CNTs for our $SNEK listing. Same is happening with Cryptocom, same will happen for others. This is not a recurring expense that every CNT will request money for... it is about paving the way and getting integrations done. Unfortunately for Cardano, $SNEK is the ONLY CNT that qualify for these listings and that's why it should be supported first. "Decisions must be strategic—not driven by popularity or short-term excitement." ✅ If that 5M ADA (0.26% of the Cardano Treasury) request does get CNTs an entry point and exposure to all the names mentioned in this proposal — Binance, Coinbase, OKX, Bybit, Robinhood, Revolut, eToro, Uphold, etc. — it will be the most strategic proposal ever funded, by far. It would be a major win for the entire Cardano ecosystem.