![Polkadot](https://coinchapter.com/wp-content/uploads/2024/07/Polkadot-Academy-Hit-with-Discrimination-Allegations-1024x538.webp)
YEREVAN (CoinChapter.com) — Polkadot is below scrutiny for alleged discrimination inside its ecosystem. Victor Ji, co-founder of the decentralized community Manta, criticized the Polkadot Academy occasion in Hong Kong this previous February. He put forth that lower than 1 / 4 of the contributors had been Asian, regardless of the occasion’s location.
![Manta Network Founder Criticizes Polkadot Ecosystem](https://coinchapter.com/wp-content/uploads/2024/07/Screenshot-2024-07-03-104444.png)
Ji shared his perspective of an expertise with Polkadot co-founder Gavin Wooden on the occasion. He claimed that Wooden expressed curiosity in Manta Network and that he was unaware that Manta had already launched its mainnet. Ji claimed this confirmed that their area, not their work high quality, was the rationale for being ignored. Ji additionally talked about that the “OneBlock” organizer contacted the Polkadot Academy crew for days with out receiving a response, although their messages had been learn on Telegram.
Manta Network Shifts Focus Amid Polkadot Criticism
Ji described the Polkadot ecosystem as “extremely poisonous” and missing “any actual worth for web3.” He accused the Polkadot crew of being “incapable and never really decentralized.” Ji emphasised the significance of funding for developer organizations in growing international locations. He pledged to personally sponsor $80,000 to assist builders leaving the Polkadot ecosystem.
Ji expressed disappointment over Polkadot’s lack of assist for builders on their stack. This led Manta Network to shift its focus from growing on the Polkadot parachain to Ethereum Layer 2 options.
These allegations come as Polkadot’s Treasury faces a possible funding disaster. A latest report on Polkadot Treasury’s financials for the primary half of 2024 revealed that it had spent $86 million. It at present manages $245 million (38 million DOT) in belongings, with $188 million (29 million DOT) in liquid type.
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The burn charge signifies that the Treasury could face insolvency in lower than two years if present spending patterns proceed. This has raised issues among the many Polkadot group. They’re calling for better transparency and monetary accountability from the platform’s management.
Regardless of the controversy, Polkadot’s native token, DOT, reveals resilience. The 1-day chart signifies DOT’s worth trending upwards. At present, DOT is buying and selling at $6.370, up 1.3% within the 24-hour timeframe, because the market recovers from final week’s sharp correction.
![The 1-D chart shows DOT’s price trending upwards. Source: DOTUSD on TradingView.com](https://coinchapter.com/wp-content/uploads/2024/07/9KuWaULA-1024x484.png)