Neutron launches ecological Grants program and will distribute 20 million NTRN tokens

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Cointime2023/11/05 14:36

By:Cointime

Cosmos ecosystem cross-chain smart contract platform Neutron has announced the launch of the ecological Grants program following the passage of governance proposal N-14, providing funding for Neutron-related technology research and other initiatives that benefit the Neutron ecosystem. According to the proposal, the Grants program will initially allocate 20 million NTRN tokens, which is 3.7% of the NTRN reserves managed by Neutron DAO or 2% of the total supply of NTRN after complete dilution. MainDAO will conduct an annual review of the Grants program to determine future funding amounts.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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