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Polygon Foundation CEO Says 100 Million POL Tokens Were Burned

Sandeep Nailwal said the permanent burn represents about 1% of POL’s total supply.

By Simon Yoon
Published
Gloved hands feed metal tokens into a destruction chamber / TokenPost.ai (macro)
Gloved hands feed metal tokens into a destruction chamber / TokenPost.ai (macro)

Polygon Foundation CEO Sandeep Nailwal said Sept. 24 that 100 million Polygon (POL) tokens had been permanently burned, an amount equal to about 1% of the token’s total supply.

The 100 million tokens represent approximately one out of every 100 POL in total supply.

Simon Yoon

Reporter

Simon Yoon reports on blockchain technology for TokenPost. Send corrections or tips to info@tokenpost.com.

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