Polkadot mulls research into 'token morphism' amid regulatory crackdown

02/13 16:00

The Polkadot community is looking into conducting a research study centered around “token morphism,” a term used to describe the process that was used to transform the protocol's native dot token from a security into software. The proposed purple paper will offer guidelines on token morphism for Polkadot and the wider crypto ecosystem, the proposal stated. The proposal requested 14,776.74 dot tokens ($90,000) to sponsor the research. This funding will cover the work done by team members and ad hoc subject matter experts that include several of the people who were part of Polkadot’s dialogue with the SEC. The proposal asked for the funds to be delivered in two installments of 7,388.37 dot each.
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