Charles Hoskinson Clarifies Criticism Over Contingent Pledge Proposal on Twitter

02/16/2023 10:09 • Tech Trends • 83 views

It is reported that Charles Hoskinson, the founder of Cardano, solved the misunderstanding and criticism about his recent or gambling on Twitter. According to Hoskinson, the contingent pledge proposal does not mean that the KYC system will be implemented on Cardano. In the pledge proposal, Hoskinson hopes that the pledgor and the equity pool operator (SPO) will reach a formal agreement to meet all the regulatory requirements of the SEC. In addition, the founder also claimed that the pledge model would make the Cardano agreement more comprehensive.

Cardano founder: hope the pledgor and equity pool operator reach a formal agreement to meet the regulatory requirements of the SEC

Analysis based on this information:

Cardano founder, Charles Hoskinson, recently faced criticism over a contingent pledge proposal that left users confused about the possibility of a Know Your Customer (KYC) system being implemented on Cardano. However, Hoskinson took to Twitter to clarify the issue and stated that the proposal did not imply KYC implementation. Instead, he hopes that the pledgor and the equity pool operator (SPO) will meet all regulatory requirements of the SEC by reaching a formal agreement.

Hoskinson’s proposal aims to make the Cardano agreement more comprehensive by ensuring that SPOs and pledgors comply with the SEC requirements. The pledge model will encourage transparency by requiring SPOs to explicitly state how the funds will be used and prevent fraudulent activities in the Cardano network.

The clarification by Hoskinson signifies his strong commitment to the Cardano community’s welfare and development, especially in meeting the regulatory framework set by the SEC. It also highlights his dedication to keeping the Cardano network secure and preventing fraudulent activities.

In conclusion, Charles Hoskinson’s clarification of the contingent pledge proposal indicates that Cardano is a reliable platform backed by stringent security measures, ensuring the protection of users’ funds. The Cardano community can rest assured that the founder and his team are committed to building a transparent and secure network, one that meets the regulatory requirements of the SEC.

Title: Charles Hoskinson’s Contingent Pledge Proposal for Cardano Ambitious

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