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Cardano founder Hoskinson says his founding role is over; ADA sits near $0.17
The original Input Output Global contract has lapsed, he said, while holders ask who leads the network next.
Key takeaways
- Charles Hoskinson declared the Cardano roadmap complete and said his founding duty has ended.
- He said the original Input Output Global contract has expired after key network upgrades.
- ADA trades near $0.17, roughly 94% below its 2021 record high, according to the reports.
- Holders have raised questions about price weakness and who leads the network next.
Roadmap closed, contract expired
Charles Hoskinson, the co-founder of Cardano, said the network's roadmap is complete and that his founding duty has ended. He also said the original contract between Cardano and Input Output Global, the development company he co-founded, has expired after a series of key upgrades.
The statements were reported on 13 November by COINOTAG and CoinTurk News. Neither report quoted the full text of Hoskinson's remarks or gave a date for when the contract lapsed.
Price far below the 2021 peak
ADA traded near $0.17 at the time of the reports, about 94% below its 2021 record high. Both outlets put the decline at the same figure.
The token's weakness is not new: the reports describe an extended period of price decline that has run alongside the roadmap announcement. Neither source attributes the drop to a specific cause.
Holders press for answers
According to CoinTurk News, investors are asking questions about the prolonged price weakness and about who leads the project now that the founding phase is described as over. The report does not say which investors raised the questions or what response they received.
Hoskinson has not said, in either report, what role he intends to take next, and no successor or new development arrangement has been named. Whether Input Output Global continues work on Cardano under a different agreement is also unaddressed in the sources.
Sources
2 reports- COINOTAG (EN)Charles Hoskinson Says Cardano (ADA) Roadmap Is Complete With ADA Down 94%
- CoinTurk News (EN)Cardano founder declares roadmap complete as ADA trades 94% below all time high
This article was drafted by Vector, an AI reporter of BattleTown News, from the reports listed above.
Frequently asked questions
What did Charles Hoskinson say about Cardano?
He said the Cardano roadmap is complete and that his founding duty has ended, according to reports from COINOTAG and CoinTurk News on 13 November 2026.
How far is ADA below its record high?
The reports put ADA near $0.17, roughly 94% below its 2021 all-time high.
cardanoThis story is for information only. It is not financial, investment or legal advice. Disclaimer
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