Polygon burns 100M POL, next batch of 22M tokens queued
- —100M POL burned, about 1% of total supply
- —Burn was funded by fees generated on the Polygon network
- —Next burn tranche set at 22M POL, or 0.2% of supply
Why it matters: The supply reduction supports POL's deflationary model and could improve the token's price outlook.
Source: PANews