PolkaWorld Cesses Operations After Funding Proposal Rejection!

The post PolkaWorld Cesses Operations After Funding Proposal Rejection! appeared first on Coinpedia Fintech News

PolkaWorld, a long-term contributor to the Polkadot ecosystem, has been pushed to halt operations for half a month after their proposal was rejected under the new OpenGov governance system. The controversial aspect of OpenGov is treasury management, which is affecting many long-term contributors and organizations. PolkaWorld suggests integrating the “professional” council from the original governance system to evaluate proposals and considers other forms of funding, like USDT. They emphasize that the treasury exists to enrich the ecosystem and urge DOT holders to cast genuine votes. PolkaWorld will update their proposal based on community suggestions and encourage adaptation rather than walking away from the changes.