Polygon Unlocks Final Vested Tokens – MATIC Deflation Starts?
On Wednesday, February 21, the Polygon Foundation received the last portion of tokens they had from the vesting contract
This unlock marks the final unlock that the Foundation will receive, meaning that the tokens they own from the vesting contract. In total, 273,304,816 million MATIC tokens worth $260 million were released into Foundation wallets, bringing the cryptocurrency's circulating supply to 9,618,318,574 of its 10,000,000,000 maximum supply. Polygon's market capitalization is just above $9.14 billion. The entire MATIC supply has been unlocked, meaning there will be no more tokens. which is turned off
*MATIC follows a more dynamic supply model implemented by blockchain proof-of-stake. To load staking rewards, Polygon creates a new token known as “emission.” However, to balance the new coins generated from staking, a portion of the MATIC spent on gas fees is permanently removed from circulation through a burning mechanism. In other words, as long as there is capable transaction activity, the net impact of emissions and burning will reduce the total supply of MATIC. The total supply should remain stable or even fall.
