Cardano Inventor Blasts These 2 Altcoins: It Hurts!

Cardano (ADA) founder Charles Hoskinson lashed out at the developers of the altcoin projects CardStarter and SundaeSwap, which are built on the network. The community is angry that the promises made for a while have not been fulfilled, and the discussion continues on social media. We are giving the details as…

Cardano projects quarrel over failed promises

The ongoing drama between the two Cardano Blockchain-based projects escalated across multiple social media platforms on Monday, terrifying the ADA community. The issues stretch back to April, when accelerator program CardStarter announced it would launch its own DEX platform. Soon after, its founders encouraged investors to provide liquidity to the project on Uniswap in exchange for the CSWAP token. The developers of the platform made a deal with a third-party DEX called SundaeSwap some time later and marketed the deal as a “merger” last June. Under the agreement, CardStarter will no longer develop the promised DEX and instead provide liquidity to the existing SundaeSwap DEX.

Investors were then promised “big benefits” during a YouTube Q&A session for CSWAP holders on the SundaeSwap DEX. But last week it was revealed that these supposed benefits will be a 400:1 conversion from CSWAP to CardStarter’s native CARDS tokens. Owners who had locked $15 million worth of liquidity on the platform felt it was a slap in the face and not a meaningful reward for their efforts. Claims that it could be a rug pull have been published. Despite the disapproval of ADA enthusiasts and Cardano founder Charles Hoskinson, both SundaeSwap and CardStarter have blamed each other on social media.

Charles Hoskinson lashed out

According to a SundaeSwap statement quoted by Hoskinson, the June deal was purely a marketing and collaboration agreement. However, the SundaeSwap team admitted to using misguided terms multiple times when communicating with users. Worse still, the newly launched SundaeSwap DEX has already suffered from numerous reports of failed transactions. In a Monday YouTube broadcast, Hoskinson denounced the heated exchanges between the parties. Hoskinson stressed that it is unacceptable for the respective trustees SundaeSwap and CardStarter to use Twitter, Reddit, Telegram and other channels on social media to make their case. The Cardano founder continued:

This is cowardly. It does nothing but try to waive your personal responsibility and harm the brand of the ecosystem as a whole. Please guys, assemble. Both parties get together, agree to mediate, talk to each other, and whatever the hell you decide to do. And if you somehow cannot survive the arbitration process, the courts are always available to you.

Contact us to be instantly informed about the last minute developments. twitterin, Facebookin and InstagramFollow and Telegram and YouTube join our channel!

Disclaimer: The articles and articles on do not constitute investment advice. does not recommend buying or selling any cryptocurrencies or digital assets, nor is an investment advisor. For this reason, and the authors of the articles on the site cannot be held responsible for your investment decisions. Readers should do their own research before taking any action regarding the company, asset or service in this article.

Warning: Citing the news content of and quoting by giving a link is subject to the permission of No content on the site can be copied, reproduced or published on any platform without permission. Legal action will be taken against those who use the code, design, text, graphics and all other content of in violation of intellectual property law and relevant legislation.

source site-2