Articles

Blogs

Polygon Launches $720M Community Treasury to Boost Blockchain Innovation

Jun 11, 2024

Polygon Launches $720M Community Treasury to Boost Blockchain Innovation
Polygon Launches $720M Community Treasury to Boost Blockchain Innovation
Polygon Launches $720M Community Treasury to Boost Blockchain Innovation

Polygon has unveiled a $720 million Community Treasury aimed at nurturing blockchain innovation within its ecosystem. The initiative plans to distribute approximately 100 million Polygon (POL) tokens annually over the next decade, totaling one billion tokens. The first season of the Community Grants Program (CGP) will allocate 35 million MATIC tokens (around $25 million) to support projects across two tracks: the General Grant Track and the Consumer Crypto Track. These tracks are designed to foster decentralised applications (DApps), developer tools, protocol infrastructure, and consumer-oriented blockchain applications. The application window for season one is open from June 11 to August 31, inviting projects built on or willing to migrate to Polygon that demonstrate long-term viability.