• Dapps:16.23K
  • Blockchains:78
  • Active users:66.47M
  • 30d volume:$303.26B
  • 30d transactions:$879.24M

Polygon's Community Grant Program: Fostering Innovation and Growth in the Ecosystem

user avatar

by Giorgi Kostiuk

2 years ago


Polygon, a prominent Layer-2 network, has introduced the Community Grant Program with the goal of promoting innovation and development within its ecosystem. The initiative, as detailed in the official blog post, aims to distribute 1 billion POL tokens (known as MATIC) to developers over the next ten years. The program commenced with an initial allocation of 35 million tokens, valued at approximately $23 million based on current market rates, ready for allocation among developers. The funding for this program will originate from Polygon's Community Treasury, with an estimated annual distribution of around 100 million POL tokens. Participants in the program have the option to select from two distinct tracks: the 'Public Grant Path,' accessible to all developers interested in working on the Polygon platform, and the 'Consumer Crypto Path,' designed for projects that promote cryptocurrency adoption across various sectors such as gaming, decentralized social applications, artificial intelligence, blockchain integrations, and NFT innovations.

0

Rewards

chest
chest
chest
chest

More rewards

Discover enhanced rewards on our social media.

chest

Other news

XRP Price Drops Below Key Support Levels.

chest

XRP price has extended its losses, trading below significant support levels and facing resistance in its recovery attempts.

user avatarGustavo Mendoza

Ethereum's price undergoes a decline followed by stabilization.

chest

Ethereum price has started a fresh decline, trading below key levels and facing resistance.

user avatarRajesh Kumar

K Bank Partners with Ripple for Blockchain Remittance Testing

chest

K Bank has entered a strategic partnership with Ripple to explore blockchain-based overseas remittances.

user avatarMiguel Rodriguez

Market Expert Analyzes XRP's Potential Rally

chest

Market expert Sam Daodu analyzes the critical factors for XRP's potential rally towards $10, emphasizing the need for regulatory clarity and institutional investment.

user avatarLuis Flores

Divergence Between SP500 and Crypto Market Raises Concerns

chest

The report by Will Taylor from The Weekly Insight notes a significant breakdown in correlation between the SP500 and total crypto market capitalization over the last 161 days, raising concerns about potential market shifts.

user avatarArif Mukhtar

Ethereum Surpasses 2,300 Amid Record Active Addresses

chest

Ethereum's price has climbed back above 2,300, with a notable increase in active addresses reaching an all-time high.

user avatarMaria Gutierrez

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.