Withdraw 4,969,231 ada for Cardano Enterprise Adoption: Ticketing Platform

Treasury withdrawal: Pays ADA out of the Cardano treasury.

Status: Expired: Voting closed without the action reaching the support it needed.
Proposed: 24 Jun 2026, in epoch 639
Amount: ₳4,969,231
Action ID: gov_action1xk6yrz0tg72a2a63ytd99gapz46nlqlavckarleqt6nr8lyekd8qqp0ga3d

Votes

DReps: 38.4% yes, 67% needed, threshold not reached, 71 Yes · 53 No · 27 Abstain.
Stake pools: do not vote on this action.
Constitutional Committee: 85.7% yes.

Abstract

This Treasury Withdrawal funds Phase 2 of a production Cardano-native ticketing platform operated by Sellout.io and built by Anvil Development Agency. Phase 1 (on-chain event creation, CIP-68 ticket minting, transfers, and attendance verification) is already live on Cardano mainnet, funded entirely by Sellout (over $130k invested). Phase 2 delivers a secondary marketplace with on-chain royalty enforcement, per-event anti-scalping controls, wallet onboarding for Sellout's 200,000+ existing users, organizer tools, an independent third-party security audit, and a professional launch campaign, anchored by the contracted Yellowstone Club 2026 concert series.

This is a direct on-chain Treasury Withdrawal governance action submitted by the proposer. Intersect serves as the budget administrator by prior agreement - holding and disbursing funds through the Sundae Labs Treasury Reserve / Project-Specific Smart Contract (TRSC/PSSC) framework with independent oversight - rather than this being a submission through the Intersect budget-process portal. The withdrawal requests 4,969,231 ada (~$1,093,231 USD at $0.22/ADA) over 8 months, disbursed against milestones. Phase 2 is delivered through a new operating entity that pays a defined revenue share back to the Cardano Treasury; the team commits to repay $1,093,231 to the Treasury through this mechanism.