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Polygon will create a decentralized autonomous organization. How does the price react?

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Ethernet’s scalability infrastructure developer Polygon said it would create a decentralized autonomous organization (DAO). It will serve all members of the community, as well as projects in the area decentralized finances.

Polygon in announcement challenged their members to express their views on the DAO platform. According to the company, there are plans to create committees to support discussion between projects, including QuickSwap, Sushi, Aave and others.

“As Polygon’s ecosystem grows, committee members have the opportunity to increase the interoperability of their products in the first place,” is stated in the project. “Voting on the election of new members could be done in several ways, such as using the embedded MATIC on PoS, or through DAO token holders.”

Polygon said DAO could offer a solution to scale projects on software development kits (SDK). The announcement comes less than a week after Polygon said it merges the Hermez network Network into your ecosystem for $ 250 million.

The polygon grows in price

MATIC / USD 4H.  Source: TradingView
MATIC / USD 4H. Source: TradingView

The price, meanwhile, continues its upward trend, with gains of around 140% since July 20. The nearest target that we will monitor is at the level of approx $ 1.85. At the time of writing, MATIC is trading at $ 1.55.

All content in this article is for informational purposes only and in no way serves as investment advice. Investing in cryptocurrencies, commodities and stocks is very risky and can lead to capital losses.

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