Polygon has unlocked more than 600 million dollars to subsidize blockchain developers over the next 10 years through its Community Treasury.
The first 22 million are already on the way thanks to season 01 of the Community Grants Program (CGP).
Polygon: The funds for blockchain developers
Technically, the unlocked funds consist of one billion MATIC tokens, the native cryptocurrency of the Polygon ecosystem.
At the current market value, they correspond to just over 600 million dollars, but the price of MATIC is volatile so the dollar equivalent will certainly vary over the next ten years.
Of this billion MATIC tokens allocated, 35 million have already been made available for the Community Grants Program. At the current market value, they correspond to approximately 22 million dollars.
The overall supply of MATIC is approximately 9.9 billion tokens, so one billion tokens in ten years corresponds to more than 10% of the entire supply.
Instead, the 35 million tokens alr
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