DuckSTARTER Completes Integration with Polygon (MATIC)
Since its inception, DuckSTARTER has helped our valuable partner projects seamlessly and effectively launch their tokens, making all behind-the-scenes efforts and preparations for market entry worthwhile.
We initially started by providing support exclusively for the Ethereum blockchain but quickly expanded to offer compatibility with Binance Smart Chain (BSC) soon after that. We are happy to share that we have successfully integrated a new blockchain, Polygon (MATIC).
The recently successful MarvelousNFTs (BadDays) R-IDO on Polygon (MATIC) was the first of many projects to come on DuckSTARTER native to Polygon.
This move also increases the platform’s capabilities and brings us closer to being blockchain-agnostic.
Polygon Overview
Polygon (formerly known as Matic before its rebrand) is an advanced layer-2 scaling solution that provides users and developers with various tools and features to enhance transaction speeds dramatically and offer lower transaction costs.
It serves as an add-on layer to the Ethereum network, helping it scale and allowing more efficient capabilities for both developers and users.
$MATIC is Polygon’s native and utility token, which can be utilized for staking, payments, and settlements within the platform’s marketplace.
Polygon is extremely fast, scalable, and secure — its network gained tremendous traction in 2021, with $4.7 billion in TVL (Total Value Locked) to date and its $MATIC token experiencing over 10,500% growth. In October 2021, it flipped Ethereum in its number of unique user addresses, amassing over 566,000 and counting.
Implications for DuckSTARTER
With this new integration now available, what exactly does this mean for our Ducks and community members? The good news is that DuckSTARTER adopting the Polygon network opens a plethora of new opportunities that everyone can leverage, further elevating the user experience and making token launches much more seamless. In the past, we had to leverage bridges or one-way transfers to facilitate sales through BSC, but from now on, we can raise and distribute directly on the native Polygon blockchain.
Projects with ambitions to choose Polygon can now raise and distribute funds directly on the DuckSTARTER platform for competitive costs, offering an attractive alternative to other higher-cost blockchains (particularly Ethereum).
Projects within our ecosystem will also experience enhanced cross-chain capabilities, so they have more flexibility to choose how they want to conduct their token launches.
We’re excited to extend our partnership with Polygon’s team and look forward to new and exciting project launches on their platform!
About Polygon
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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.
