The total issuance of Matic coins is 10 billion MATIC, of which 25% is used for network development, 25% is airdropped to early users, 20% is sold on Binance, 24% is used as a foundation reserve, and 6% is reserved for the team and advisors .
The total issuance of Matic coins
Question: What is the total issuance of Matic coins?
Answer: 10 billion MATIC
Detailed explanation:
Matic coins are from the Polygon blockchain network Native token. Polygon is an Ethereum sidechain designed to increase Ethereum’s scalability. Matic coins are used to pay network transaction fees and participate in governance.
The total supply of Matic coins is 10 billion, of which:
- 25%: is used for the development and operation of the Polygon network
- 25%: Airdropped to Polygon early users
- 20%: Sold on Binance Launchpool
- 24%: Foundation Reserve, for the development of the Polygon ecosystem
- 6%:Reserved for the team and advisors
The distribution of the total Matic coin supply is intended to ensure the Polygon network long-term sustainability and motivate currency holders to participate in the governance and development of the ecosystem.
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