๐ฅ POLYGON PREPARES A HISTORIC BURN OF 100 MILLION POL ON MAINNET ๐ฃโก
Polygon co-founder Sandeep Nailwal confirmed that the protocol is ready to execute an aggressive supply-reduction mechanism through a decentralized smart contract that can be run by the community.
Key points of the deflationary mechanism:
๐ Final approval: The smart contract is already running on the testnet and only awaits the security committeeโs sign-off to move to mainnet.
๐ฅ Massive initial burn: 100 million POL tokens will be permanently destroyed at launch.
๐ Community-driven process: After the initial burn, any network user can autonomously trigger periodic burns every quarter.
โ๏ธ Fee dynamics: Base commissions continuously inject POL into the collector, where a remaining balance of 21 million POL is projected for future burn cycles.
Do you think this massive deflationary shock will place POL among the most attractive Layer 2 solutions in the market?
๐ฌ๐ Iโm reading your comments!
#Polygon #TokenBurn #Ethereum #DeFi #CryptoCommunity
$POL
$ETH
$BTC
Polygon co-founder Sandeep Nailwal confirmed that the protocol is ready to execute an aggressive supply-reduction mechanism through a decentralized smart contract that can be run by the community.
Key points of the deflationary mechanism:
๐ Final approval: The smart contract is already running on the testnet and only awaits the security committeeโs sign-off to move to mainnet.
๐ฅ Massive initial burn: 100 million POL tokens will be permanently destroyed at launch.
๐ Community-driven process: After the initial burn, any network user can autonomously trigger periodic burns every quarter.
โ๏ธ Fee dynamics: Base commissions continuously inject POL into the collector, where a remaining balance of 21 million POL is projected for future burn cycles.
Do you think this massive deflationary shock will place POL among the most attractive Layer 2 solutions in the market?
๐ฌ๐ Iโm reading your comments!
#Polygon #TokenBurn #Ethereum #DeFi #CryptoCommunity
$POL
$ETH
$BTC
