Paribus Price

Projects taking liquidity from Cardano and building elsewhere (Updated)

<!-- SC_OFF --><div class="md"><p>There has been a trend in the Cardano ecosystem for projects to raise funds from ADA holders by running lucrative staking pools or getting funded from CFund, only to take the money and build the actual project on another blockchain. It is pretty obvious that it is difficult to build on Cardano due to eUTXO/Haskell choices, but why raise funds on Cardano in the first place? I think it is because ADA holders are desperate for utility and actual projects in their ecosystem, so they are seen as "naive" liquidity. Here are some examples:</p> <p>- World Mobile building its tech stack on Cosmos SDK.</p> <p>- MELD building its L1 as an Avalanache subnet.</p> <p>- Paribus building its dapp on Polygon.</p> <p>- eTukTuk which was hyped by Cardano fans as an innovative transportation company on Cardano, announced they're building on BSC.</p> <p>- Ardana and Orbis quit all development because of the difficulties.</p> <p>- Emurgo, the official commercial arm of Cardano, is investing in Games Pad, an NFT launchpad on BSC, while selling expensive Plutus programming courses for the non-existent Cardano devs.</p> <p>I remember when Charles announced years ago that lots of Ethereum projects are only waiting for Cardano mainnet to migrate, that sounds extremely stupid and disingenuous now.</p> <p>ADA maxis, please don't comment that there is a conspiracy against Cardano by the media, the banks, other blockchains, and the whole world because of its revolutionary tech. It sounds extremely stupid.</p> </div><!-- SC_ON -->   submitted by   <a href="https://www.reddit.com/user/solemnJoker"> /u/solemnJoker </a> <br/> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/15azfvq/projects_taking_liquidity_from_cardano_and/">[link]</a></span>   <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/15azfvq/projects_taking_liquidity_from_cardano_and/">[comments]</a></span>