Only a few hours remain for Cardano (ADA) supporters to participate in the largest community vote, i.e., a referendum designed to determine Project Catalyst winners.
There were 711 applicants, and the ADA was worth $4 million.
According to a “last call” announcement made by Input Output Hong Kong, the development studio behind Cardano (ADA), the Project Catalyst Fund6 is about to enter a critical stage.
#ProjectCatalyst Fund6 voting is open until October 21, make sure to place your vote before @ 11:00 UTC! 🗓️
In this round, 711 proposals made it to the ballot & looking to share funding of over $4M in $ADA! 🤩
See how you can contribute & vote👇 https://t.co/dvytdN9nD7
— Input Output (@InputOutputHK) October 20, 2021
The voting campaign that allows ADA holders to select Project Catalyst winners will end on October 21, 2021, at 10:00 a.m. UTC.
According to IOHK representatives, 711 products submitted proposals to the Project Catalyst voting portal. As previously reported by U.Today, the previous iteration of Project Catalyst included 267 projects.
The net amount of rewards in Fund5 was set at $2,000,000 in ADA tokens.
The crypto industry’s largest community-driven campaign
Project Catalyst is a one-of-a-kind multi-phase incubator for all early-stage products interested in leveraging Cardano’s (ADA) smart contracts.
It was quietly launched in August 2020, and it sparked interest among Cardano-focused dApps developers. The Project Catalyst winners receive financial, consulting, and promotional assistance.
Project Catalyst Fund6 is unique in that it is the first campaign to be launched with live smart contracts in Cardano’s (ADA) mainnet.
As a result, the stage winners will be able to experiment with “real” Cardano smart contracts.