The Voucher Program, Redemptions, and Use of Unredeemed ADA
For the first time, a comprehensive investigation into the origins of the Cardano Voucher Program, the redemption of billions of ada, and the controversies that followed is available in book form.
Commissioned by Input Output and conducted by McDermott and BDO, this report uncovers the truth behind one of blockchain’s most debated early funding programs. Spanning Cardano’s 10-year history—from its Japan-based Voucher sales to the Byron and Shelley upgrades, and finally to the era of decentralized governance—this work examines allegations, evidence, and outcomes with forensic precision.
Description
Inside, readers will discover:
- How 26 billion ada was originally distributed through Attain’s Voucher Program.
- Why nearly 99% of ada was redeemed successfully during Cardano’s Byron era.
- How unredeemed ada was safeguarded, staked, and ultimately directed to support Cardano’s ecosystem and Intersect’s governance initiatives.
- The full review of public accusations surrounding insider misuse, deceptive sales tactics, voucher redemptions, and governance decisions.
- Evidence-based conclusions showing structured safeguards, transparency, and accountability.
Drawing on tens of thousands of documents, blockchain analysis, and interviews with employees, voucher holders, and community members, this investigation separates fact from speculation. It reveals how one of the largest blockchain ecosystems navigated its earliest challenges and emerged with stronger structures for trust and governance.
Whether you are a blockchain enthusiast, researcher, or Cardano community member, this book provides the definitive account of the Voucher Program, its controversies, and the truth behind the headlines.
Numbered eBooks: 2,017
Number of Unique Covers: 102
Number of 1:1 Covers: 17
The Report
40 Unique Designs
x 30 Numbered eBooks
= 1,200 NFT eBooks
eBook Numbers 817 - 2016
(59.49% of Supply)
Decentralized Governance
25 Unique Designs
x 20 Numbered eBooks
= 500 NFT eBooks
eBook Numbers 317 - 816
(24.79% of Supply)
The Future and Education
20 Unique Designs
x 15 Numbered eBooks
= 300 NFT eBooks
eBook Numbers 17 - 316
(14.87% of Supply)
Foundations of Trust
10 Unique Designs
x 1 Numbered eBooks
= 10 NFT eBooks
eBook Numbers 7 - 16
(0.50% of Supply)
Progress and Innovation
7 Unique Designs
x 1 Numbered eBooks
= 7 NFT eBooks
eBook Numbers 0 - 6
(0.35% of Supply)
Details
Authors: McDermott Will & Schulte LLP, BDO USA, P.C.
Language : English
Format : DEA (Decentralized Encrypted Asset)
Read On : Book.io eReader dApp
Cover Art : Includes 4K hi-resolution book cover
Cardano Policy ID : 2cc0d037254f927bf03f6e0d10a8327f7b783333a8ffebb2da0522f4