DuckDAO x Polygon Enter into New Partnership to Expand Upon DuckSTARTER Network
Many users within our Duck community have reaped the benefits of participating in our exclusive token sales, with many successful project launches occurring on the DuckSTARTER platform in 2021.
The team at DuckDAO is continuing to explore ways of making the IDO process even smoother for our partner projects and users alike through adding more promising blockchain networks. DuckSTARTER currently supports the Ethereum, Binance Smart Chain, and Polkadot networks.
Today marks yet another level of expansion for our launchpad’s ecosystem, as we’re partnering with Polygon to implement its network and technology on DuckSTARTER.
Additionally, Polygon will be providing technical support to help support all token launches that occur on its network via our platform. With the help of their team and protocol integration, we’re confident that we’ll bring in stronger projects and more investors.
Polygon Overview
Polygon (formerly known as Matic Network) is a protocol and framework that enhances the building of and interconnectivity between Ethereum and other compatible networks. Its layer 2 solution provides more efficient payment and lending solutions, token swaps, and application performance.
It was mainly designed to attract users to its platform by solving the inefficiencies experienced by users and developers on Ethereum by offering superior user experience and security.
Polygon operates using a Proof-of-Stake (PoS) Commit Chain mechanism to help increase adoption for Ethereum and has already attracted over 80 dApps to its growing ecosystem. These special chains operate as transaction networks and work alongside blockchains to confirm clusters of transactions before transferring data back to the main chain.
$MATIC is the protocol’s native token that helps power and secure the underlying network, while also serving as the main form of payment for transaction fees and access for developers to build dApps.
The protocol has grown tremendously since inception, amassing up to over $9.5 billion in total value locked, in addition to 100 validators and over 12,000 delegators who actively help support the underlying network. Its $MATIC token currently boasts a market capitalization of over $10 billion, which has grown exponentially from its near $100 million value at the start of 2021.
About Polygon
Polygon is the first well-structured, easy-to-use platform for Ethereum scaling and infrastructure development. Its core component is Polygon SDK, a modular, flexible framework that supports building and connecting Secured Chains like Optimistic Rollups, zkRollups, Validium, etc, and Standalone Chains like Polygon POS, designed for flexibility and independence. Polygon’s scaling solutions have seen widespread adoption with 500+ Dapps, ~567M+ txns, and ~6M+ daily txns.
If you’re an Ethereum Developer, you’re already a Polygon developer! Leverage Polygon’s fast and secure txns for your Dapp, get started here.
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DuckDAO is a community-backed digital asset incubator that provides promising early-stage crypto startups with the expertise, financial resources, and marketing power needed to fast-track their progress on the path to success.
