Charles Hoskinson Responds to Criticism of Cardano’s Advertising Approach
Charles Hoskinson, the founder of Cardano, has addressed recent criticism regarding the project’s advertising strategy compared to Solana. In response to a post by an ADA enthusiast on social media, Hoskinson defended Cardano’s approach and highlighted the importance of community governance.
Cardano Takes a Different Path
Hoskinson emphasized that running an ecosystem requires a different mindset than simply running advertisements. He explained that Cardano follows a model that involves forming working groups, interacting with relevant parties, determining costs and specifications, gaining community approval, and executing plans. While Cardano may not advertise like Solana, it has attracted the interest of prominent cryptocurrency projects.
The Decentralized Model of Cardano
In another instance, a Cardano supporter expressed disappointment with the team for not investing $10 million to bring Circle’s stablecoin (USDC) to the network. Hoskinson compared Cardano’s decentralized model to an individual who invested $10 million in developing a project independently. He emphasized the importance of community participation in decentralized protocols and stated that decentralization applies to marketing, partnerships, growth hacking, and other aspects.
Hot Take: Cardano Focuses on Community Governance Rather Than Advertising
Charles Hoskinson has responded to criticism regarding Cardano’s advertising approach by highlighting the project’s focus on community governance. While some have questioned why Cardano doesn’t run advertisements like Solana, Hoskinson argues that running an ecosystem requires a different mindset. He emphasizes the importance of community involvement in decision-making processes and outlines the steps involved in executing plans within the Cardano network. Despite not relying heavily on advertising, Cardano has managed to attract interest from leading cryptocurrency projects. This reinforces its position in the crypto space and demonstrates the effectiveness of its decentralized model.
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