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Blockchain tech and gaming company Polygon announced that its community has voted to unlock the equivalent of $640 million worth of tokens for the purpose of community grants.
The community will unlock a billion tokens in POL/MATIC over 10 years, including 35 million MATIC ($27 million) during Season 01 to fund the best projects across the Polygon Layer 2 blockchain and the Ethereum landscape.
After community consensus, the Community Treasury has been created, with one billion POL unlocked over 10 years, with about 100 million POL per year—all for builders.
Season 01 of the Community Grants Program, overseen by the neutral Community Treasury Board, will distribute 35 million MATIC to projects building on Polygon.
Lil Snack & GamesBeat
GamesBeat is excited to partner with Lil Snack to have customized games just for our audience! We know as gamers ourselves, this is an exciting way to engage through play with the GamesBeat content you have already come to love. Start playing games now!
$27M worth of MATIC for Season 01
The Community Grants Program will use funds in the Community Treasury for grantmaking. The Community Treasury accrues POL, but given the ongoing token upgrade from MATIC to POL, grants for Season 1 will be made in MATIC. Applications are open today.
An open, community-aligned funding framework will leverage professional Grant Allocators to distribute a portion of Season 01 funds. Builders are the heart of Polygon’s success.
They have shown up to hackathons and accelerators, poured out to global meetups and startup support programs. Over the last few years, it is builders who are developing Polygon and building with Polygon technology, becoming a pioneer at the forefront of global innovation.
Because of these developers, the Polygon landscape has exploded in growth across different protocols and technologies. It’s a thriving, multi-centered community focused on blockchain technology.
What began as Village Grants, focused only on grants from Polygon Labs, has evolved following community consensus to create the Community Treasury: Today, applications are open for the Community Grants Program (CGP).
Given the ongoing token upgrade from MATIC to POL (with POL designed to gradually replace MATIC over the next four years), grants for Season 1 …
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GamesBeat is excited to partner with Lil Snack to have customized games just for our audience! We know as gamers ourselves, this is an exciting way to engage through play with the GamesBeat content you have already come to love. Start playing games here.
Blockchain tech and gaming company Polygon announced that its community has voted to unlock the equivalent of $640 million worth of tokens for the purpose of community grants.
The community will unlock a billion tokens in POL/MATIC over 10 years, including 35 million MATIC ($27 million) during Season 01 to fund the best projects across the Polygon Layer 2 blockchain and the Ethereum landscape.
After community consensus, the Community Treasury has been created, with one billion POL unlocked over 10 years, with about 100 million POL per year—all for builders.
Season 01 of the Community Grants Program, overseen by the neutral Community Treasury Board, will distribute 35 million MATIC to projects building on Polygon.
Lil Snack & GamesBeat
GamesBeat is excited to partner with Lil Snack to have customized games just for our audience! We know as gamers ourselves, this is an exciting way to engage through play with the GamesBeat content you have already come to love. Start playing games now!
$27M worth of MATIC for Season 01
The Community Grants Program will use funds in the Community Treasury for grantmaking. The Community Treasury accrues POL, but given the ongoing token upgrade from MATIC to POL, grants for Season 1 will be made in MATIC. Applications are open today.
An open, community-aligned funding framework will leverage professional Grant Allocators to distribute a portion of Season 01 funds. Builders are the heart of Polygon’s success.
They have shown up to hackathons and accelerators, poured out to global meetups and startup support programs. Over the last few years, it is builders who are developing Polygon and building with Polygon technology, becoming a pioneer at the forefront of global innovation.
Because of these developers, the Polygon landscape has exploded in growth across different protocols and technologies. It’s a thriving, multi-centered community focused on blockchain technology.
What began as Village Grants, focused only on grants from Polygon Labs, has evolved following community consensus to create the Community Treasury: Today, applications are open for the Community Grants Program (CGP).
Given the ongoing token upgrade from MATIC to POL (with POL designed to gradually replace MATIC over the next four years), grants for Season 1 …nnDiscussion:nn” ai_name=”RocketNews AI: ” start_sentence=”Can I tell you more about this article?” text_input_placeholder=”Type ‘Yes'”]