On 3rd September, yRace will be launching on Polygon, the first notable Commit Chain, running parallel with the Ethereum Mainnet, which improves scalability and development of the infrastructure.
Being a Full-Stack Scaling Solution of the Ethereum Network, Polygon offers inexpensive, near-zero gas fees, as compared to gas fees on Ethereum Mainnet. The popularity and growth of Polygon amongst DeFi and Crypto enthusiasts has drawn a huge pool of liquidity, as well as developers to build their respective dApps on Polygon.
By integrating Polygon, yRace will gain access to the wide array of investors the Polygon network offers, enabling the project to take a step closer to our mission of fundraising to build the RACE Ecosystem. Users would be able to stake wMATIC tokens and be rewarded with yRace tokens. Thereafter, users will be able to stake yRace tokens to earn eRace, a blockchain access key which gives users first right access to future real assets under the RACE Ecosystem.
Additionally, launching on Polygon would also allow yRace to better cooperate with other projects from the Polygon ecosystem, bolstering and paving the way for Polygon DeFi prosperity and growth.
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.
yRace is a community-based project headed by the devs from RACE™ Foundation and RACEconomy, a blockchain protocol that aims to provide the community with greater access to real asset opportunities.