Polygon Approves New Incentives

June 11, 2024 Tóth Balázs
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Polygon’s community treasury has announced a long-term plan to incentivize blockchain development. They have approved the release of 1 billion POL tokens over 10 years, with an annual allocation of approximately 100 million POL for builders. POL will be Polygon’s native token, replacing MATIC in the future. In the first phase, the treasury will distribute 35 million MATIC (approximately $22 million).
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