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Cardano Project Catalyst Unveils Fund 10 with Massive 50M ADA Allocation for Ecosystem Development

Project Catalyst, the decentralized innovation fund of Cardano, has announced Fund 10 with a massive allocation of 50 million ADA, worth over $16.35 million. The submission window for proposals will open on June 22 and close on July 13, with the voting process running from August 31 to September 14.

The funding pool is exclusively denominated in ADA tokens, emphasizing the project's commitment to the ADA economy and long-term sustainability. The announcement has garnered attention from the Cardano community, with some questioning the rationale behind allocating such a large amount of ADA tokens.

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