Cardano Global Listing Expansion - Powered by Snek
Treasury withdrawal: Pays ADA out of the Cardano treasury.
- Status
- Expired: Voting closed without the action reaching the support it needed.
- Proposed
- 2 Aug 2025, in epoch 573
- Amount
- ₳5
- Action ID
- gov_action1fl6r784t2ffw7q96du2znhprw90r3xvrfugvqelgqewgxex42kdqq9tgrd5
Votes
- DReps: 5.5% yes, 67% needed, threshold not reached, 23 Yes · 151 No · 22 Abstain.
- Stake pools: do not vote on this action.
- Constitutional Committee: 0% yes.
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 - CNT adoption and the path for other tokens to reach similar success
Cardano currently lacks a flagship token that drives liquidity, virality, and culture across exchange listings, just like DOGE, SHIBA, and PEPE do for Ethereum and Solana. SNEK has already shown it can fill this role; now it needs support to break through at scale.