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In a strategic move aimed at propelling long-term growth and fostering innovation, Polygon has unveiled an ambitious grants program totaling 1 billion MATIC tokens. This initiative underscores Polygon's commitment to building a sustainable ecosystem and advancing its vision of becoming a leading multichain platform.
Polygon has unveiled an unprecedented $1 billion Community Grants Program. This monumental initiative marks a significant commitment to fostering blockchain development over the next decade, with an annual injection of $100 million aimed at driving progress and empowering developers worldwide.
The downside momentum broke through the current support level of $0.64 and reached a low of $0.62. Cryptocurrency price analysis brought by Coinidol.com.
The way DTX Exchange has been attracting investors will soon raise $1 million in the early stages of the presale; to date, they have raised over $670K in a few days of the second presale stage. The main participants in the second round were the Cardano (ADA) and Polygon (MATIC) investors.
A difficult 2024 for both of these two cryptocurrencies, probably due to the still very strong dominance of Bitcoin.
Polygon tries to solidify its position as the go-to solution for Ethereum projects. Recently, traffic on Polygon surpassed that of Ethereum, mostly based on app activity and DeFi.
The requests for grants can already be sent, and they should arrive within about 4 weeks.
Polygon unveils a 1 billion MATIC grants program for builders.
Polygon has announced a $1 billion Community Grants Program, set to roll out over the next ten years, aimed at supporting developers on its platform. This initiative promises to allocate about $100 million annually to fund innovative projects that enhance the Polygon and Ethereum ecosystems.
Polygon, the Ethereum layer-2 blockchain, has unveiled a Community Treasury initiative funded with 1 billion POL tokens, which will be distributed over the next decade to drive developer engagement on the network.
Polygon, the layer-2 scaling network, has announced a new Community Grants Program, with 1 billion POL tokens (rebrand of current MATIC) allocated to ecosystem developers over the next ten years.
TL;DR Polygon introduces Community Grants Program unlocking 1 billion POL over 10 years. Season 01 offers 35 million MATIC to fund the best projects in the Polygon and Ethereum landscape. Developers can choose between two participation tracks: General and Consumer Crypto, with funds distributed by the Community Treasury Board.
Polygon announced an initiative to bolster its ecosystem. For the inaugural season of its Community Grants Program (CGP), it will allocate 35 million MATIC tokens.
Initially the treasury will distribute MATIC tokens to builders on the Polygon blockchain with the plan slated to last a decade.
The program will tap into funds made available by Polygon's Community Treasury, and the team shared that roughly 100 million POL tokens will be given out each year.
Polygon introduces a $720 million Community Treasury to fund blockchain projects, targeting developers within the Polygon and Ethereum ecosystems.
There is a growing evolution in digital currencies, with protocols linked to the Ethereum ecosystem recording a significant surge in total user count. Taking to X, Polygon cofounder Mihailo Bjelic shared an update that shows the layer-2 scaling solution has now topped Ethereum in total Monthly Active User (MAU) count.
Polygon has unveiled Season 01 of its Community Grants Program to bolster projects building within the Polygon and Ethereum ecosystems. According to a press release shared with crypto.news, starting Jun.
Polygon, a prominent Layer-2 scaling solution for Ethereum, has recently outperformed Ethereum in a critical area: gas usage. This development signals a notable shift in user activity and preferences, with potential implications for Polygon's native token, MATIC.
Polygon's gas usage exceeds Ethereum - is this a sign of better things for MATIC?
Polygon Labs proposes to increase the number of Polygon validator slots.
In recent days, Polygon (MATIC), the native token powering the leading Layer 2 (L2) platform, has faced a significant downturn, shedding 10% of its value over the past week. As MATIC hovers near the lower boundary of a horizontal channel, concerns arise about a potential further decline if critical support at $0.63 is breached.
In the ever-dynamic realm of cryptocurrency, few entities have garnered as much intrigue and anticipation as Polygon (MATIC). Serving as an Ethereum side chain and layer two scaling solution, Polygon has captivated investors and enthusiasts with its promise of expedited transactions, reduced fees, and heightened scalability.
The price of MATIC, the token that powers the leading Layer 2 (L2) platform Polygon, has declined by 10% in the past seven days. This has caused it to trade close to the lower line of the horizontal channel, which it has trended within since April 13.
