Cardano Foundation Shows Further Progress in Transparency by Publishing New Wallet Publicly
The concept of full transparency is usually a luxury on the blockchain, but too few companies actually show how much of their own company they are holding in tokens.
However, to be fully transparent and honest with consumers, companies should be forthcoming with how invested they are as well. The Cardano Foundation recently created a new wallet, and they have decided to publish a link for consumers to view it.
The new wallet was established after the company has moved their funds out of the “old” CF wallet. At this point, the Cardano Foundation confirmed in a forum post that there have been no ADA funds spent at this point, but the transfer was performed in an effort to ensure that the funds were secure in the new wallet. There are additional addresses available for the management of the funds, if it needs to be done.
The Cardano Foundation is based in Switzerland, and it works to use the non-profit funding for activities that have already been outlined by the deed of the foundation. For example, if the CH simply will not work with IOHK and Emurgo, the community has the right to pursue action through the authorities in Switzerland.
The next step in the Cardano Foundation’s plan is a new roadmap. CEO Charles Hoskinson is Expected to reveal this plan in a keynote speech scheduled for the IOHK summit coming up. During this speech, Hoskinson is also expected to discuss the vision for the company in 2020.