Polygon Labs launched a Community Grants Program to distribute $1 billion in POL tokens over ten years.
The program offers two tracks: one for general projects on Polygon and another for consumer crypto adoption.
Polygon Labs announced the initiation of its Community Grants Program on Tuesday, aimed at fostering development within its ecosystem. The program will allocate 1 billion POL tokens over the next decade to support builders and projects on the Polygon network. The Community Grants Program will distribute funds from Polygon’s Community Treasury, with 100 million POL tokens earmarked for grants each year.
1,000,000,000 POL over 10 years, unlocked in grant funding.
Season 01 of the Community Grants Program is here, with 35 million MATIC allocated towards funding the best projects across the Polygon and Ethereum landscape.
builders, this one’s for you… pic.twitter.com/esNzImAznk
— Polygon | Aggregated (@0xPolygon) June 11, 2024
The program’s first tranche, valued at
