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Polkadot’s treasury has $245M with two years of runway

Polkadot’s treasury holds just under $245 million worth of assets, giving it around two years of spending left at its current rate, according to a report from the blockchain.

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Headline:
Polkadot’s treasury has $245M with two years of runway

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Polkadot’s treasury holds just under $245 million worth of assets, giving it around two years of spending left at its current rate, according to a report from the blockchain.

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Posted on Tuesday, July 2, 2024.

About Polkadot Network

Polkadot is a decentralized blockchain network that enables interoperability and communication among different blockchain studies, applications, and networks. It was created by Gavin Wood, who also founded the Ethereum blockchain. Polkadot’s architecture is known for its “sharding” functionality, which allows different chains to communicate and work together in a distributed, scalable manner. The Polkadot blockchain relies on its own cryptocurrency, known as DOT, which is used to govern the network, secure transactions, and stake rewards.

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