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    "comment": "Summary\nActing in its capacity as a DRep, EMURGO formally casts a YES vote in favor of the treasury withdrawal request for the \"Revised Cardano Summit 2026 Singapore.\" Our support is predicated on the proposal’s refined strategic focus, which balances high-impact global positioning with a significantly optimized fiscal framework. We recognize this initiative as a critical commercial vehicle designed to accelerate the protocol's transition into a mature, enterprise-grade financial operating system. By strategically co-locating this summit with TOKEN2049, we create a powerful value accelerator for Cardano’s visibility, allowing our builders to tap into a massive global footfall while offering the community a cost-effective way to attend two premier industry events in one journey. EMURGO’s affirmative vote reflects our confidence in the Foundation’s revised execution strategy and the substantial long-term value this summit will secure for the ecosystem.\n\nRationale\nEMURGO recognizes that hosting a flagship summit is a fundamental market requirement; every leading Layer 1 protocol maintains a major annual event as a cornerstone of its business development strategy, often with significantly higher capital outlays than what is proposed here. This investment is essential to maintain protocol parity and institutional mindshare within a hyper-competitive industry. The 2026 Summit is intentionally timed to coincide with TOKEN2049 in Singapore, a move that functions as a strategic value accelerator. By concentrating the world’s most influential institutional leaders and capital allocators in a single geography, Cardano can capture high-value attention and mainstream financial interest without the prohibitive costs of independent audience acquisition. Furthermore, this alignment provides a pragmatic benefit to the Cardano Community: by anchoring our event to the TOKEN2049 calendar, community members can effectively attend two of the year’s most significant industry gatherings in a single trip, drastically reducing individual travel, lodging, and per-diem expenses.\n\nThis move perfectly aligns with the Cardano Vision 2030, specifically our shared objective of transitioning the protocol into a self-sustaining, global financial and social operating system. We appreciate the Foundation’s responsiveness to community feedback, which has resulted in a significantly optimized proposal that demonstrates both fiscal responsibility and strategic maturity. Furthermore, the budget has been reduced by 22%, or approximately $550,000, through smart architectural changes such as consolidating from three stages to two. This leaner approach significantly lowers production and logistics overhead while maintaining the tier-one experience expected of a leading Layer 1 blockchain. This efficiency is further bolstered by increasing the Cardano Foundation’s internal resource contributions to $380,000, a commendable commitment that reduces reliance on external vendors and optimizes treasury use.\n\nEMURGO fully agrees with the defined KPIs, which provide the transparency and rigor necessary to measure real-world impact and growth throughout this transition. We also value the continued dedication to inclusivity through the provision of discounted tickets based on on-chain activity, ensuring our core supporters remain at the heart of the event. This more focused proposal remains dedicated to delivering tangible results for Cardano and its builders while demonstrating a sophisticated commitment to responsible treasury management. For these reasons, EMURGO confidently votes Yes."
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