Polkadot Announces $770 Million Eco-Development Fund on Oct. 17

TokenInsight News, Polkadot founder Gavin Wood announced on October 17 the allocation of 18.9 million $DOT (currently valued at $777 million) from the Polkadot Treasury for an eco-development fund that will be managed and disbursed through DAO. The new development fund was also disclosed just weeks before the start of Polkadot's highly anticipated parallel chain slot auction, suggesting that the funds may be intended to drive development against Polkadot's upcoming parallel chain ecosystem.
Source

Polkadot

In This Article

Related News
Telegram Bot Project Banana Gun Completes Presale in 2 Hours, to Launch Token Early Next Week Telegram Bot Project Banana Gun Completes Presale in 2 Hours, to Launch Token Early Next Week
Telegram Bot Project Banana Gun Opens First Round of Pre-Sales on 8 Sep Telegram Bot Project Banana Gun Opens First Round of Pre-Sales on 8 Sep
Web3 Domains Platform Freename Closes $2.5 Million Seed Funding Round Web3 Domains Platform Freename Closes $2.5 Million Seed Funding Round
$UNIBOT Price Went Up 15.56% Over the Last 24 Hours $UNIBOT Price Went Up 15.56% Over the Last 24 Hours
Socket Closes $20 Million Series A Funding Round Led by a16z Socket Closes $20 Million Series A Funding Round Led by a16z
Latest News More More
Despite Decrease in Trading Volume, Multiple CEXs Made Breakthroughs in Bear Market, TokenInsight Report Shows
Ethereum Core Developers: Holesky Testnet Launch Failed, Cancun Mainnet Activation May Not Occur This Year
South Koreans Hold Around $98B of Virtual Assets in Overseas Accounts, National Tax Service Finds Out
1 Hour Ago Apecoin DAO Passed Proposal to Purchase Yuga Assets with 11M $APE and to Issue $DAM Token
3 Hours Ago Coinbase Chief Legal Officer: Haven't Completely Ruled Out the Possibility of Base Token
delate
Use TokenInsight App All Crypto Insights Are In Your Hands
Open