Governance

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Document

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Hash on chain
57520f3e176914fd5cfa2c0de9b19f6c0a8b11a1a62ff2c7168884f170d329d5
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Raw JSON-LD
{
  "@context": {
    "@language": "en-us",
    "CIP100": "https://github.com/cardano-foundation/CIPs/blob/master/CIP-0100/README.md#",
    "CIP129": "https://github.com/cardano-foundation/CIPs/blob/master/CIP-0129/README.md#",
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        "summary": "CIP136:summary",
        "rationaleStatement": "CIP136:rationaleStatement",
        "precedentDiscussion": "CIP136:precedentDiscussion",
        "counterargumentDiscussion": "CIP136:counterargumentDiscussion",
        "conclusion": "CIP136:conclusion",
        "internalVote": {
          "@id": "CIP136:internalVote",
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          "@context": {
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            "unconstitutional": "CIP136:unconstitutional",
            "abstain": "CIP136:abstain",
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  "body": {
    "govActionId": "gov_action10dp9wzmgt2nqshyrghufff4sfhcxedhmzluly5k0azguatnsthwqqs84cjf",
    "summary": "I vote NO. Singapore is a great location and the only event spend I considered supporting at this time. However, given the current position of ADA, I must prioritize spend elsewhere. As a DRep with Cardano Foundation delegation, I must stay true to my principles despite this tough choice.",
    "rationaleStatement": "A [PDF version][pdf-link] of this rationale is also made available.\n\n[pdf-link]: https://ipfs.io/ipfs/QmRgD9uLYumzaRAUU1tRP37wUe5tAzusCbfLKKKQDRQxrw\n\nSingapore is a great place to do this, and I absolutely back the decision of location. The strategic value of aligning with TOKEN2049 in a major financial hub is undeniable.\n\nI am formally registering a NO vote on the Cardano Summit 2026 in Singapore Treasury Withdrawal. This was an incredibly difficult decision, and I want to begin by explicitly acknowledging how much I value the Cardano Foundation's continued hard work and unwavering commitment to expanding our global footprint.\n\nTo be completely transparent, I was massively on the fence regarding this proposal. Out of all the marketing and event funding requests presented to the community, this Summit was the absolute only event spend I was genuinely prepared to consider at this time. I also deeply appreciate the feedback they have taken on board since the original proposal, which demonstrates a commendable willingness to listen to the community.\n\nHowever, as a DRep entrusted with delegation from the Cardano Foundation, I have an absolute duty to stay true to my core principles and beliefs. Given the current market position of ADA, I simply cannot support this magnitude of spend for the proposal in question. An ask of 7.8 million ADA for a single event is exceptionally high, particularly when paired with a milestone structure that unlocks eighty percent of the capital immediately upon enactment. I have to prioritize this finite treasury spend toward other critical areas of the ecosystem right now.\n\nAdditionally, I want to highlight a broader reality for the community. Voting is incredibly difficult for DReps right now. We are entirely unpaid, doing our absolute best to diligently review and work through a massive volume of significant proposals currently in flight. While I deeply respect the Foundation's strategic vision for Singapore, strict fiscal discipline must take precedence under these specific financial parameters.",
    "references": [
      {
        "@type": "Other",
        "label": "Rationale PDF",
        "uri": "ipfs://QmRgD9uLYumzaRAUU1tRP37wUe5tAzusCbfLKKKQDRQxrw"
      }
    ]
  }
}