Mihailo Bjelic Archives - Coin Engineer https://coinengineer.net/blog/tag/mihailo-bjelic/ Btc, Coins, Pre-Sale, DeFi, NFT Sat, 24 May 2025 09:39:17 +0000 en-US hourly 1 https://wordpress.org/?v=6.9.4 https://coinengineer.net/blog/wp-content/uploads/2024/04/cropped-Coin-Engineer-Logo-Favicon-2-32x32.png Mihailo Bjelic Archives - Coin Engineer https://coinengineer.net/blog/tag/mihailo-bjelic/ 32 32 Polygon Co-Founder Steps Down Amid Token Shift! https://coinengineer.net/blog/polygon-co-founder-mihailo-bjelic-departure-news/ https://coinengineer.net/blog/polygon-co-founder-mihailo-bjelic-departure-news/#respond Sat, 24 May 2025 09:45:23 +0000 https://coinengineer.net/blog/?p=43048 Mihailo Bjelic, co-founder of Polygon, has announced his departure from the project. This marks the third instance of a founder leaving the company. Bjelic’s exit has raised questions about the project’s future and management structure. However, Bjelic stated that his departure would not harm the project and that it would continue to develop. These exits

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]]> Mihailo Bjelic, co-founder of Polygon, has announced his departure from the project. This marks the third instance of a founder leaving the company. Bjelic’s exit has raised questions about the project’s future and management structure. However, Bjelic stated that his departure would not harm the project and that it would continue to develop. These exits create uncertainty about how the company’s management structure will take shape. 

In a statement on X, Bjelic said: 

“As projects evolve and mature, it’s natural for visions to evolve and sometimes diverge. With that in mind, I can no longer contribute to Polygon to the best of my abilities. However, I am confident that the project’s leadership is fully committed to its success. I will always be cheering from the sidelines and supporting however I can.” 

Bjelic will resign from his roles on the Polygon Foundation board. Jaynti Kanani, Sandeep Nailwal, and Anurag Arjun founded Matic Network in 2017. The team later rebranded the project as Polygon. Polygon has gained a significant place in the blockchain ecosystem with its Ethereum Layer 2 solutions. Additionally, the platform has conducted significant R&D in zero-knowledge and proof-of-stake technologies. 

Polygon 2.0 and Token Transition: A New Step in Blockchain 

Polygon launched a significant token transition in late 2024 as part of its 2.0 roadmap. MATIC tokens were replaced with the new POL tokens at a 1:1 ratio. This change aimed to expand the use of the network’s native tokens across gas fees, staking, and infrastructure like AggLayer, making the Polygon network more functional and user-friendly. 

Bjelic’s departure is seen as a natural outcome of the token’s decentralization and changes in the governance structure. Nevertheless, Polygon continues its development process without slowing down. The team remains focused on technical innovations and pushing the boundaries of blockchain technology. With the support of the community and investors, token continues to strengthen its leadership position in Ethereum Layer 2 solutions. 

Lastly, POL is trading at approximately $0.237. This price is about 69% lower than its all-time high of $0.77 in December 2024. The 24-hour trading volume is approximately $142 million. 

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