Charles Hoskinson (찰스 호스킨슨), founder of Cardano (ADA), opposed spending treasury funds on participation in major cryptocurrency events, saying building permanent regional hubs is more important for the ADA price and ecosystem growth.

On April 13, blockchain outlet The Crypto Basic reported that Hoskinson viewed attending major industry events or parties alone as insufficient to attract new users or meaningfully grow the Cardano ecosystem.

His remarks came as debate continues in the Cardano community over how to use treasury funds to help expand adoption and raise long-term value. Hoskinson argued that exposure alone is not enough to push up the ADA price.

He proposed building permanent community hubs around the world. He said holding weekly events in these spaces and continuing developer collaboration and new project incubation would draw more participants into the Cardano ecosystem.

Hoskinson cited the Buenos Aires hub as an example of this model. The hub gathers 100 to 200 people twice a month and supports hackathons, venture incubation and biweekly meetups. He viewed this type of Cardano center as more effective for ecosystem expansion than one-off events.

The immediate backdrop to the debate is a budget proposal put forward by the Cardano Foundation and EMURGO. The proposal allocates 14 million ADA to support participation in TOKEN2049 Singapore and Cardano Summit 2026. Early tallies showed that a majority of Cardano's Delegated Representatives, or DReps, voted against the proposal. Some DReps, including Cardano Cypherpunks, HOSKY and Goofycrisp, also publicly opposed it.

Hoskinson has also previously cited new user inflows as key to Cardano's growth. He viewed that direction as linked not only to price but also to expanding decentralised finance activity. Partner chain Midnight was also mentioned as one pillar of the strategy. The Midnight Foundation expanded eligibility for the NIGHT airdrop beyond ADA holders to include seven other communities, including Solana (SOL), Bitcoin (BTC) and XRP.

Hoskinson also hinted at a plan to use Midnight to integrate XRP and Bitcoin into the Cardano DeFi ecosystem. He viewed this as a way to bring idle liquidity in those assets into Cardano.

ADA has shown weak performance for most of this year and is outside the top 10 by market capitalisation. Its current price is around $0.25, and its market capitalisation is $8.6 billion.