10,000,000,000 Token Release Schedule:
end of 2023 TPS (Transactions per second):
72,000 (estimate) Developer Activity:
For the first time, Polygon's MATIC cryptocurrency went public in 2019. Then, during the IEO - the initial placement of the coin on the exchange - the company sold 3.2 billion tokens, which is about 32% of the total supply.
The initial token distribution is as follows:
- Private Sale: 3.80%
- Binance Launchpad Sale (IEO): 19% of the total supply.
- Team: 16%
- Advisors: 4%
- Network Operations: 12%
- Foundation: 21.86%
- Ecosystem: 23.33%
After the rebranding, Polygon retained its MATIC cryptocurrency, the digital coin at the heart of the network. MATIC is used as a unit of payment and mutual settlements between participants who interact within the network.