hash algorithm: blake2b-256
body: Withdraw ₳5M for Cardano's Global Listing Expansion - Powered by Snek
  abstract: This treasury withdrawal funds the Cardano Global Listing Expansion initiative, a strategic proposal by the Snek Foundation to list SNEK on major centralized exchanges (CEXs), retail brokers, and other widely adopted platforms. SNEK is the largest community token on Cardano, holding the highest market capitalization, over 42,000 wallets, and more than 2 billion ADA in all-time trading volume. Over the past two years, the Snek Foundation has already invested over $4 million, entirely self funded, to secure major exchange listings. We’ve delivered the first and second ever Tier 1 listings for any Cardano native token, with Kraken and Crypto.com setting historic precedents for the ecosystem. These were not isolated wins, but the first step in a broader strategy to unlock global market access for Cardano. This proposal seeks 5,000,000 ADA to support top-tier exchange listings, liquidity provisioning, legal and compliance services, and strategic advisory oversight. These listings will not only increase SNEK adoption but also bring unprecedented visibility, liquidity, and user acquisition opportunities to the entire Cardano ecosystem. As part of the governance process, a Board of Advisors will be appointed to ensure transparent execution and maximize ecosystem alignment. This board will include high-profile industry veterans like Tal Cohen (former CEO of Kraken) and Phillip Pon (CEO of Emurgo), with additional top-tier names to be announced. SNEK is Cardano’s most adopted token, yet it remains underrepresented on major centralized exchanges, reflecting a broader lack of visibility for Cardano on mainstream platforms and among broader audiences. This underrepresentation doesn’t just affect SNEK. It weakens Cardano’s position in competitive markets and slows ecosystem-wide growth in four key areas: - ADA’s visibility and liquidity on global platforms - Cardano’s competitiveness in retail-driven market cycles - The discoverability of Cardano’s ecosystem by mainstream users -…
  motivation: This proposal aims to address the following challenges: - **Lack of exchange presence for Cardano native tokens:** Most major centralized exchanges and retail brokers still do not support Cardano Native Tokens (CNTs). This severely limits Cardano’s accessibility and competitiveness on a global scale. While Ethereum and Solana ecosystems enjoy deep integrations with top exchanges, Cardano-native projects are left with fewer liquidity pathways and less discoverability. Until CNTs are more visible on mainstream platforms, Cardano’s on-chain economy cannot reach its full potential. - **Low visibility for ADA pairings:** Centralized exchanges are the primary entry point for millions of users, yet ADA trading pairs are underrepresented relative to Cardano’s market cap. Without community-driven assets like SNEK creating demand for ADA pairings, liquidity remains shallow and volume muted. This proposal helps bootstrap those pairings, supporting deeper ADA liquidity and reinforcing Cardano’s relevance at the trading layer. - **Missed user acquisition:** In other ecosystems, memecoins like SHIB, DOGE, and PEPE have served as cultural gateways for millions of new retail users. These tokens create stories, engagement, and participation, driving demand for the base layer tokens and ecosystem tools. SNEK has proven it can play that role for Cardano. Without support to elevate its accessibility, Cardano risks missing this powerful user acquisition funnel. - **Liquidity fragmentation:** Cardano’s DeFi protocols face high barriers to liquidity aggregation due to the lack of bridgeable, on-ramp-compatible assets. Without listings on major exchanges, Cardano native assets remain siloed and isolated from the broader crypto capital flows, limiting scalability and adoption. By funding this initiative, Cardano positions itself to solve these bottlenecks through a trusted, culturally strong and community-proven asset that can serve as a gateway for users and liquidity. Today, Snek is the o…
  rationale: ## Project Solution The SNEK Global Exchange Expansion initiative will execute a targeted listing strategy, using the requested 5M ADA to: - Finalize negotiations and secure multiple top-tier listings on centralized exchanges, retail brokers, and innovative DeFi platforms - Provision liquidity and market making for ADA/SNEK pairs - Cover legal and compliance costs to meet exchange requirements - Fund mandatory coordination and announcement campaigns - Report expenditures and impact transparently to the community Ecosystem Benefits: - **Increase ADA liquidity across global trading platforms:** Listings will establish deep liquidity for ADA/SNEK pairs and reinforce ADA’s role as a quote asset in broader markets. - **Expand Cardano visibility among mainstream users:** Presence on Tier 1 CEXs and retail platforms will increase Cardano’s exposure where most crypto adoption begins. - **Establish reusable exchange infrastructure for CNTs:** This initiative creates the legal, technical, and operational framework that future Cardano tokens can leverage. - **Lay the technical and legal groundwork for future Cardano token listings:** This initiative solves the hardest and most expensive part of Tier 1 onboarding the integrations, KYC, and compliance infrastructure that every CNT would otherwise need to build from scratch. Once completed, this framework can be reused by future projects, massively reducing the technical lift required for Cardano wide exchange access. - **Drive user acquisition through proven community traction:** Snek’s viral momentum helps Cardano tap into the same memecoin fueled onboarding funnels that propelled DOGE and SHIB. - **Create liquidity bridges for DeFi, NFTs, L2s, and dApps:** Expanded listings make it easier to onboard capital and users into Cardano-native protocols: - **Document and share listing playbooks with the ecosystem:** All compliance, negotiation, and integration learnings will be captured and shared with the Cardano Foundation and othe…
  references: Other
    label: Snek.com
    uri: https://www.snek.com/
  references: Other
    label: X
    uri: https://x.com/snek