Polygon is preparing to burn 100 million $POL
Sandeep Nailwal, CEO of the Polygon Foundation, revealed that 100 million POL is scheduled to be permanently burned after the Permissionless burning contract reaches the Mainnet and obtains approval from the Security Council.
This step could reduce the circulating supply and introduce a new mechanism for managing the network’s economics, but its real impact will depend on Polygon activity and fee volume in the future.
A major burn… and now attention is on implementation.
#Polygon #POL #crypto
Sandeep Nailwal, CEO of the Polygon Foundation, revealed that 100 million POL is scheduled to be permanently burned after the Permissionless burning contract reaches the Mainnet and obtains approval from the Security Council.
This step could reduce the circulating supply and introduce a new mechanism for managing the network’s economics, but its real impact will depend on Polygon activity and fee volume in the future.
A major burn… and now attention is on implementation.
#Polygon #POL #crypto
