The Cardano (ADA) community is engaged in a contentious discussion. While some influencers take pleasure in all components of activity increase, even those that are hazardous for ADA holders, the other side condemns them of being obsessed with “drama.”
Launches, rugs, drama: Cardano (ADA) ecosystem has arrived, community says
An anonymous Cardano (ADA) supporter who tweets as @cardano_whale said that he is “loving the chaos” that the Cardano (ADA) ecosystem is now experiencing. He saw a lot of peculiar occurrences that produced strong “FUD and hype” for the blockchain and the dApps using it.
Cardano (ADA) and its fans have recently seen launches, “rugpull” events, “drama,” 1,000% token rises, and difficult liquidations. Additionally, due to dubious candidates, Project Catalyst, the largest community-driven incubator initiative in Web3, came under scrutiny.
Despite being upsetting and hazardous for the community, these incidents also serve as signs that the Cardano (ADA) ecosystem has “arrived,” according to @cardano_whale.
A second supporter of Cardano (ADA), known by the handle @Cinnamon__Bunnn, said that this is how a blockchain ecosystem should seem while it is young. But they did not like the way certain individuals “pride themselves on staying out of drama.”
As previously reported by U.Today, Cardano (ADA) creator Charles Hoskinson attacked detractors who said he was wasting “others'” money in June 2023.
When Hoskinson revealed the specifics of his ocean excursion, a storm of criticism erupted.
Project Catalyst under criticism, here’s why
Project Catalyst, a substantial Cardano (ADA) community incubator, was entangled in another controversy. Some fans discovered candidates who were too suspicious and demanding excessive funding.
In addition, the hitherto unidentified RFLXT team said that Charles Hoskinson was a founding member. They requested 5.8 million ADA in total from Project Catalyst Fund 10.
Not to mention, in Q3, 2023, a number of tweets concerning “rugpulls” on Cardano (ADA) were circulated. Teams of coins called CNETA, CHRY, TEDDY, GRABBIT, and POP were charged with defrauding their users of liquidity.
