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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.

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.

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