Polkadot’s treasury has $245M with 2 years of runway

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United States Headlines News

The Polkadot blockchain’s treasury has two years left of spending at its current rate, with its 2024 half-year report detailing it has $245 million worth of assets.

The blockchain’s revenue declined over the first half of 2024, and its head ambassador has called for its token’s inflation rate to be lowered.

“Polkadot’s Treasury is becoming more complex and harder to grasp,” its head ambassador Tommi Enenkel wrote in a June 28 treasuryfor 2024’s first half. “Polkadot is spending directly as well as allocating value in bounties and collectives to be spent in the future.”

Source: Digital Coin News (digitalcoinnews.net)

 

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