Cardano community is in a frenzy? The plan to destroy 1.5 billion ADA tokens has caused controversy, and founder Hoskinson strongly opposes it!

Cardano founder Charles Hoskinson publicly expressed his opposition to the destruction of tokens worth about $500 million and more than 1.5 billion ADA on social media yesterday. Hoskinson emphasized that these assets are not pre-minted tokens, but are generated through block production and transactions. Destroying them is equivalent to "stealing money" from stake pool operators (SPOs) and ADA holders.

Recently, Cardano has just completed the first phase of the Chang hard fork. Some community members hope to boost ADA prices by destroying tokens, but others warn that this may have negative consequences. Cardano representative Jaromír Tesař bluntly stated that such a destruction action would be a "serious mistake" and suggested that these funds should be better used to promote the development of the Cardano ecosystem.

Token destruction, short-term price increase? Or long-term damage? We will wait and see!

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