According to Foresight News, Polygon Labs has announced the launch of a 1 billion POL Community Grant Program (CGP). The first quarter will see 35 million MATIC tokens distributed to projects built on Polygon, with applications now open and closing on August 31, 2024.
Polygon Labs stated that a community treasury has been created based on community consensus. Over the next decade, 1 billion POL will be unlocked, with approximately 100 million POL released each year, all of which will be owned by the builders.