⛓️Technology

Why Polygon and why an ERC-20 token?

We’re using the Polygon blockchain for several reasons:

• Scalability: Polygon is a Layer 2 scaling solution for Ethereum, which means that it can handle a much higher volume of transactions than Ethereum itself. This is important, as it will allow the platform to handle a large number of users and transactions.

• Cost-effectiveness: Polygon is also more cost-effective than Ethereum, which is important for CellarDAO’s community as we want to make wine investment more accessible to everyone.

• Security: Polygon is a secure blockchain platform, which is important for CellarDAO as we want to protect its users' funds.

• Community: Polygon has a large and active community, we want to build a platform that is easy to use and accessible to everyone.

Overall, Polygon is a good choice for CellarDAO society as it is a scalable, cost-effective, secure, and community-driven blockchain platform.

Here are some additional benefits of using Polygon the blockchain:

• Faster transactions: Polygon transactions are much faster than Ethereum transactions, providing a smooth and user-friendly experience for its users.

• Lower gas fees: Polygon gas fees are much lower than Ethereum gas fees, we want to make wine investment more accessible to everyone.

• Interoperability: Polygon is interoperable with Ethereum, which means that CellarDAO can easily connect to other Ethereum-based platforms.

Especially with the evolution of Polygon we feel this is the right ecosystem for us to keep growing our community.