hash algorithm: blake2b-256
body:
  summary: We have determined that this treasury withdrawal governance action is constitutional.
  rationale statement: The governance action with ID "gov_action10dp9wzmgt2nqshyrghufff4sfhcxedhmzluly5k0azguatnsthwqqs84cjf" and title "Revised Cardano Summit 2026 Singapore" is a Treasury Withdrawal, and is therefore subject to the following sections and guardrails in the Cardano Constitution. ARTICLE II, Section 6 of the Cardano Constitution states that governance actions must follow a standardized and legible format, including a URL hosting an immutable document and a corresponding hash, and must provide sufficient rationale including a title, abstract, justification, and supporting materials. This governance action includes a valid URL and hash, which matches the hash of the off-chain documentation referenced. The rationale also meets the minimum content specified in this section. ARTICLE II, Section 7 specifies that Treasury Withdrawal governance actions must include the following: 1\. Purpose, Delivery Period, Costs, and Refund Conditions This governance action specifies: - The purpose of the withdrawal as "... the coordinated delivery of a flagship Cardano Summit in Singapore to increase Cardano’s presence." - The period for delivery of proposed activities as "The Cardano Summit 2026 will take place from 5-6 October." - The relevant costs and expenses under the heading "Proposal Specifics and Budget Breakdown" - The circumstances under which funds may be refunded to the Cardano Treasury as "Circumstances under which the withdrawal or a portion thereof might be refunded to the Cardano Treasury include: 1) The cancellation of the Cardano Summit 2026 before vendor payments are due, with the balance after payments to be returned to the Treasury, 2) The event is executed successfully but total expenses fall under the requested amount, in which case unspent ada will be returned to the Treasury within 6 months of the events taking place, or 3) Due to ada price appreciation, there is a profit on withdrawn ada, which will be refunded to the Treasury within 6 months of the events taking pla…
  precedent discussion: None
  counterargument discussion: None
  conclusion: This governance action sufficiently fulfils the criteria specified for treasury withdrawals in the Cardano Constitution, so is deemed constitutional.
  internal vote:
    constitutional: 5
    unconstitutional: 0
    abstain: 2
    did not vote: 0
authors:
  name: Eastern Cardano Council
  witness:
    witness algorithm: ed25519