POLYGON IS PREPARING TO BURN 100M POL
Polygon Foundation CEO Sandeep Nailwal says 100 million POL is set to be permanently burned once a permissionless burn contract receives final Security Council approval and goes live on mainnet.
The first burn would remove roughly 0.9% of POL’s current supply, with the contract then allowing the community to trigger additional burns every quarter.
This doesn’t create a hard cap for POL, but it could strengthen the token’s deflationary mechanics as network fees continue contributing tokens to the burn system.
100M POL is about to disappear permanently.
#BTC Price Analysis# #BTC Above 60K# $BTC $POL
Polygon Foundation CEO Sandeep Nailwal says 100 million POL is set to be permanently burned once a permissionless burn contract receives final Security Council approval and goes live on mainnet.
The first burn would remove roughly 0.9% of POL’s current supply, with the contract then allowing the community to trigger additional burns every quarter.
This doesn’t create a hard cap for POL, but it could strengthen the token’s deflationary mechanics as network fees continue contributing tokens to the burn system.
100M POL is about to disappear permanently.
#BTC Price Analysis# #BTC Above 60K# $BTC $POL
