Cardano founder Charles Hoskinson voiced strong support for Ergo (ERG) after the project revealed its token was being removed from the standard trading list at HTX.
Cardano founder Charles Hoskinson voiced strong support for Ergo (ERG) after the project revealed its token was being removed from the standard trading list at HTX.
The exchange told Ergo that ERG would be delisted for failing to meet liquidity requirements, but the project’s team disputed that claim, saying the original agreement had no such conditions.
Ergo stated that HTX later shifted ERG to its “ST” list without prior consultation or clear notice of a rule change. The decision drew criticism from market watchers, who described the exchange’s actions as abrupt and unfair.
Responding to the news, Hoskinson commented on his acquaintance with how smaller centralized exchanges treat crypto projects. He stressed that decentralization is the only sustainable way for projects to avoid unexpected policy shifts imposed by trading platforms.
In his post, he went further, describing Ergo as a “spiritual successor to Bitcoin” and arguing that the project deserves more recognition within the broader industry.
Hoskinson also suggested that Ergo could benefit from closer integration with the Cardano network. However, he noted that supporting the project remains difficult as long as it operates as an independent Layer-1 blockchain. His comments focused on the technical compatibility between the two networks, both of which use the same transaction model that enables decentralized applications to function across chains.
Hoskinson’s remarks triggered discussion across the crypto community. Analysts he rarely comments on competitor chains, which made this endorsement stand out. Some interpreted it as a vote of confidence in Ergo’s decentralization-first model.
Interoperability has already been demonstrated. In 2024, about 624,000 ERG, roughly 0.76% of its 81.96 million circulating supply, was transferred to the Cardano network. The move showed that applications can already run across both blockchains and provided a foundation for deeper collaboration if future agreements are reached.
