Cardano Founder Says ADA Was Worth Zero When He Got It

Cardano founder Charles Hoskinson has rejected criticism over receiving ADA before the network launched, arguing that the tokens had no market value at the time and that their subsequent value reflects more than a decade of development around Cardano. During his Nov. 7 surprise AMA , a viewer challenged Hoskinson over his early ADA allocation and questioned whether he continues profiting from staking holdings that were originally received without purchasing them on the open market. Hoskinson responded directly: “I built Cardano. It was worth zero when I got it.” He argued that ADA had no established market or ecosystem when the allocation occurred. ADA currently trades around $0.174, with a market capitalization near $6.42 billion, according to CoinMarketCap.

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