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Polygon Launches $720 Million Fund for Blockchain Financing
Polygon has launched a $720 million Community Treasury to support blockchain projects over the next 10 years.
This initiative will support developers in the Polygon and Ethereum ecosystems. In the first season of the Community Grant Program (CGP), the fund will allocate 35 million Polygon (MATIC) tokens, worth approximately 25 million USD.
The Polygon Community Treasury, formed through community consensus, will distribute approximately 100 million tokens annually, totaling 1 billion tokens over a decade.
The first part offers two tracks: the General Funding Track and the Consumer Cryptocurrency Track. The general funding track is open to anyone, with no strict limits, but Polygon wants to focus on DApps, developer libraries and tools, and protocol infrastructure.
Grant application and allocation process
Projects must be under construction or ready to migrate to Polygon and demonstrate long-term viability. Grants will range from 5,000 to over 50,000 MATIC with the Community Treasury Board overseeing the selection process.
Focus on ecosystem growth
The launch of the Community Treasury initiative will enable Polygon to support early-stage projects and help developers secure funding.
#POLYGON $MATIC
Polygon has launched a $720 million Community Treasury to support blockchain projects over the next 10 years.
This initiative will support developers in the Polygon and Ethereum ecosystems. In the first season of the Community Grant Program (CGP), the fund will allocate 35 million Polygon (MATIC) tokens, worth approximately 25 million USD.
The Polygon Community Treasury, formed through community consensus, will distribute approximately 100 million tokens annually, totaling 1 billion tokens over a decade.
The first part offers two tracks: the General Funding Track and the Consumer Cryptocurrency Track. The general funding track is open to anyone, with no strict limits, but Polygon wants to focus on DApps, developer libraries and tools, and protocol infrastructure.
Grant application and allocation process
Projects must be under construction or ready to migrate to Polygon and demonstrate long-term viability. Grants will range from 5,000 to over 50,000 MATIC with the Community Treasury Board overseeing the selection process.
Focus on ecosystem growth
The launch of the Community Treasury initiative will enable Polygon to support early-stage projects and help developers secure funding.
#POLYGON $MATIC
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Bitcoin, ETH prices increased more than 1% after the US Fed kept interest rates unchanged
Cryptocurrency prices fluctuated on Wednesday as investors analyzed comments from the US Federal Reserve (Fed) that provided new insight into the US central bank's fight against inflation .
Policymakers' move to leave interest rates unchanged for an 11th straight month was a foregone conclusion, based on developments in the Fed futures market. In its most restrictive position in more than 20 years, the Fed kept its benchmark borrowing rate at between 5.25% and 5.5%.
However, the release of a “dot plot” this month shows that leaders at the US central bank have seen a notable change in financial conditions since March. In Brief In its most recent economic forecast, the Fed has announced three interest rate cuts through the end of the year.
The dot plot released Wednesday shows that Fed policymakers now think another rate cut may be more appropriate - interpreted by the market as a hawkish sign. This forecast far exceeds the two rate cuts that economists expected the Fed might make, as it appears the Fed will keep interest rates higher for longer as the economy and The US labor market is strong.
Cryptocurrency prices rose earlier in the day on news that inflation had fallen to 3.3% in the 12 months through May. The report showed that consumer prices for US goods and services last month increased slightly less than economists predicted.
#bitcoin #BTC $BTC $ETH
Cryptocurrency prices fluctuated on Wednesday as investors analyzed comments from the US Federal Reserve (Fed) that provided new insight into the US central bank's fight against inflation .
Policymakers' move to leave interest rates unchanged for an 11th straight month was a foregone conclusion, based on developments in the Fed futures market. In its most restrictive position in more than 20 years, the Fed kept its benchmark borrowing rate at between 5.25% and 5.5%.
However, the release of a “dot plot” this month shows that leaders at the US central bank have seen a notable change in financial conditions since March. In Brief In its most recent economic forecast, the Fed has announced three interest rate cuts through the end of the year.
The dot plot released Wednesday shows that Fed policymakers now think another rate cut may be more appropriate - interpreted by the market as a hawkish sign. This forecast far exceeds the two rate cuts that economists expected the Fed might make, as it appears the Fed will keep interest rates higher for longer as the economy and The US labor market is strong.
Cryptocurrency prices rose earlier in the day on news that inflation had fallen to 3.3% in the 12 months through May. The report showed that consumer prices for US goods and services last month increased slightly less than economists predicted.
#bitcoin #BTC $BTC $ETH
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Ripple will sell 150 million XRP in June
In the news of some news sources, Ripple said it will sell 150 million XRP tokens worth about 78 million USD this June.
On June 1, Ripple unlocked 1 billion XRP from the initial distribution, locked until 2027. Ripple deposited 200 million XRP into a treasury account and locked 800 million into a new escrow wallet.
Wallet address “Ripple (35)” deposited an additional 200 million tokens into the treasury, bringing the total hoard to 400 million XRP. The sale from the treasury account “Ripple (1)” sent tokens to the anonymous account “rP4X2hTa”, causing inflation of the XRP supply by placing tokens that had never been in circulation.
Up to now, the money is still in the account “rP4X2hTa”. This amount will likely be transferred to the “rhWt2bhR” account and other intermediary addresses before being listed on CEX, as happened in previous sales.
Since the beginning of the year, only 5 out of 12 XRP sell-offs have had a positive effect on the price on February 5, February 11, April 14, May 13 and May 20, while 7 remaining negative impact. XRP's monthly performance in the first half of 2024 also underperformed, with three out of five months showing declines.
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#ripple #XRP/USDT #XRP
In the news of some news sources, Ripple said it will sell 150 million XRP tokens worth about 78 million USD this June.
On June 1, Ripple unlocked 1 billion XRP from the initial distribution, locked until 2027. Ripple deposited 200 million XRP into a treasury account and locked 800 million into a new escrow wallet.
Wallet address “Ripple (35)” deposited an additional 200 million tokens into the treasury, bringing the total hoard to 400 million XRP. The sale from the treasury account “Ripple (1)” sent tokens to the anonymous account “rP4X2hTa”, causing inflation of the XRP supply by placing tokens that had never been in circulation.
Up to now, the money is still in the account “rP4X2hTa”. This amount will likely be transferred to the “rhWt2bhR” account and other intermediary addresses before being listed on CEX, as happened in previous sales.
Since the beginning of the year, only 5 out of 12 XRP sell-offs have had a positive effect on the price on February 5, February 11, April 14, May 13 and May 20, while 7 remaining negative impact. XRP's monthly performance in the first half of 2024 also underperformed, with three out of five months showing declines.
1.Check out Gate.io. Get $100 Gate.io Points and $5,500 USDTest when you sign up with my link and trade: https://www.gate.io/ref/AVZBVG1W?ref_type=102
2.Download the OKX app via https://okx.com/join/62103126 and register. Get a Mystery Box containing up to $50 worth of crypto
3. https://bingx.com/invite/QPCOUU
4. https://okx.com/join/62103126
#ripple #XRP/USDT #XRP
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Arbitrum DAO approves 215 million USD fund to boost gaming ecosystem.
Arbitrum launches $215 million fund to accelerate online gaming to increase engagement and growth.
Arbitrum Foundation, the team behind Arbitrum (ARB) has decided to allocate a large amount of money to develop the gaming industry in the ecosystem.
The approved proposal stems from the Gaming Catalyst Program (GCP), which will distribute 225 million ARB tokens, equivalent to $215 million, over three years.
This will help increase coverage and interest in the video game industry, targeting potential developers and players.
Proposed in March, the community warmly welcomed the initiative, with 75% in agreement. Treasure DAO reacted positively to the approval: 'Arbitrum is the home of gaming – let's make some magic happen.'
This fund is mainly aimed at game publishing and development companies. Emerging game developers can also receive up to 500,000 ARB, or about $483,000.
GCP has set a budget cap of $25 million to control its operating costs. The DAO must approve any expenditure exceeding this amount, which underscores the program's strict financial policy.
#Arb #ARBITRUM
Arbitrum launches $215 million fund to accelerate online gaming to increase engagement and growth.
Arbitrum Foundation, the team behind Arbitrum (ARB) has decided to allocate a large amount of money to develop the gaming industry in the ecosystem.
The approved proposal stems from the Gaming Catalyst Program (GCP), which will distribute 225 million ARB tokens, equivalent to $215 million, over three years.
This will help increase coverage and interest in the video game industry, targeting potential developers and players.
Proposed in March, the community warmly welcomed the initiative, with 75% in agreement. Treasure DAO reacted positively to the approval: 'Arbitrum is the home of gaming – let's make some magic happen.'
This fund is mainly aimed at game publishing and development companies. Emerging game developers can also receive up to 500,000 ARB, or about $483,000.
GCP has set a budget cap of $25 million to control its operating costs. The DAO must approve any expenditure exceeding this amount, which underscores the program's strict financial policy.
#Arb #ARBITRUM
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Analyst says NOT is about to surge 67%
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Notcoin price dropped significantly in the past 24 hours, but the trend could soon change.
Even before its launch, Notcoin has created a lot of buzz. However, the token price decline caused investors' expectations to not be met.
At the time of writing, NOT is trading at $0.0203 with a market capitalization of over $2 billion. Falling prices have also negatively impacted NOT's social metrics.
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The altcoin's social volume metrics have decreased, reflecting a decline in investor mentions on social networks.
However, this may only be a minor setback for NOT as a bullish pattern has appeared on the chart. Captain Faibik, a famous cryptocurrency analyst, recently posted a tweet highlighting that NOT appears to be about to break out of a bullish pattern.
Over the past few days, NOT has been consolidating inside a bullish formation, and a successful breakout could result in a 67% gain. The bullish move could also allow the token to retest its all-time highs soon. #NOTCOİN #NOTCOIN💥 #NOT
Advertisement
Notcoin price dropped significantly in the past 24 hours, but the trend could soon change.
Even before its launch, Notcoin has created a lot of buzz. However, the token price decline caused investors' expectations to not be met.
At the time of writing, NOT is trading at $0.0203 with a market capitalization of over $2 billion. Falling prices have also negatively impacted NOT's social metrics.
Advertisement
The altcoin's social volume metrics have decreased, reflecting a decline in investor mentions on social networks.
However, this may only be a minor setback for NOT as a bullish pattern has appeared on the chart. Captain Faibik, a famous cryptocurrency analyst, recently posted a tweet highlighting that NOT appears to be about to break out of a bullish pattern.
Over the past few days, NOT has been consolidating inside a bullish formation, and a successful breakout could result in a 67% gain. The bullish move could also allow the token to retest its all-time highs soon. #NOTCOİN #NOTCOIN💥 #NOT
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PRICE NOT INCREASED 25%
Despite the sluggish cryptocurrency market, Notcoin (NOT) skyrocketed over 83% yesterday and is further up 25% at press time as trading explodes online.
NOT 1 day price chart. Source: TradingView
The rally comes after a relatively quiet week and has made Notcoin the fourth highest traded cryptocurrency by daily trading volume, reaching $4.9 billion.
Source: Coingecko
While the overall cryptocurrency market is experiencing steady price movements, observers, analysts and potential investors are focusing on Notcoin's outstanding performance, which indicates strong buying pressure. .
The impressive growth in transactions on the Notcoin network coincides with its growing popularity. Telegram Game allows users to earn NOT tokens by playing simple games and completing tasks. Recently, Notcoin introduced “earning missions,” which allow for passive token accumulation, further boosting user engagement.
Analysts attribute this spike to Notcoin's successful integration with Telegram's vast user base. The recent airdrop, although initially unimpressive, saw a positive change as token prices increased.
With easy-to-play mechanics and social media integration, Notcoin is poised to capitalize on the growing play-to-earn trend.
You can see NOT prices here.
Join Bitcoin Magazine's Telegram: https://t.me/tapchibitcoinvn
Follow Twitter (X): https://twitter.com/tapchibtc_io
Follow Tiktok: https://www.tiktok.com/@tapchibitcoin
Annie
Theo Coincu
#NOT
Despite the sluggish cryptocurrency market, Notcoin (NOT) skyrocketed over 83% yesterday and is further up 25% at press time as trading explodes online.
NOT 1 day price chart. Source: TradingView
The rally comes after a relatively quiet week and has made Notcoin the fourth highest traded cryptocurrency by daily trading volume, reaching $4.9 billion.
Source: Coingecko
While the overall cryptocurrency market is experiencing steady price movements, observers, analysts and potential investors are focusing on Notcoin's outstanding performance, which indicates strong buying pressure. .
The impressive growth in transactions on the Notcoin network coincides with its growing popularity. Telegram Game allows users to earn NOT tokens by playing simple games and completing tasks. Recently, Notcoin introduced “earning missions,” which allow for passive token accumulation, further boosting user engagement.
Analysts attribute this spike to Notcoin's successful integration with Telegram's vast user base. The recent airdrop, although initially unimpressive, saw a positive change as token prices increased.
With easy-to-play mechanics and social media integration, Notcoin is poised to capitalize on the growing play-to-earn trend.
You can see NOT prices here.
Join Bitcoin Magazine's Telegram: https://t.me/tapchibitcoinvn
Follow Twitter (X): https://twitter.com/tapchibtc_io
Follow Tiktok: https://www.tiktok.com/@tapchibitcoin
Annie
Theo Coincu
#NOT