Polygon's $640M Community Grants Program
In an exciting development within the blockchain space, a well-known blockchain tech and gaming entity has proclaimed a groundbreaking initiative: the allocation of a whopping $640 million towards community grants This move is aimed to turbocharge the development of blockchain technology Triggered by a decisive community ballot, this fund release is set to span over the next decade, showcasing a significant investment in the future of decentralized platforms At the heart of this initiative is the announcement that one billion POL tokens will be gradually introduced into circulation, with an annual disbursement of approximately 100 million POL tokens earmarked for innovative projects The initial phase, dubbed Season 01, sees a generous allocation of 35 million MATIC tokens - translating to $27 million - dedicated to nurturing projects on the Polygon Layer 2 blockchain and the greater Ethereum ecosystem...
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