AxellaCoin
282 posts

AxellaCoin
@AxellaCoin
Native Cardano token for decentralized research funding. Backing trials, empowering sites, and accelerating biotech equity.








Many people argue that 300M NCL is still high. If this is to change, someone needs to submit a proposal. Investments in the ecosystem are generally healthy and even necessary in a competitive environment. Cardano needs to invest in both the protocol and ecosystem development. We lack quality in key decision-making processes. We approved funding for projects that have not yet brought any value to the ecosystem. Some are even rug-pulled. We naively think that a dance party or a meetup with a budget of 20K ADA will lead us to success. Where did the enthusiasm for the decentralized revolution go? In 2017, people did meetups for free because they saw a vision of a better future. Projects that are to receive funding must be selected carefully. We must not duplicate efforts and build the same thing 3 times without at least 1 team delivering a complete solution. I understand that people are upset. On the other hand, setting the NCL to 50M ADA and thus essentially stopping spending for builders is not the best direction. This will not help Cardano fulfill its long-term vision. If we increase the quality of the decision-making process, we can have a lower NCL while strategically investing in development. The reality is this: If some gov members do not have time to decide even on a simple proposal that is important for devs, let's not expect quality decisions on more complex proposals. Let's fix governance first. Then we can decide on spending.



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