Polygon Adds 22 Million POL to Its Next Planned Token Burn

Polygon Foundation CEO Sandeep Nailwal said Oct. 12 that an additional 22 million Polygon (POL) tokens have been added to the next planned burn, representing about 0.2% of the token’s total supply.

The announcement adds to Polygon’s previously disclosed token-burn plans. The network completed a 100 million POL burn, and Polygon has outlined a plan for another 25 million POL burn in a previously reported token-reduction plan.

Nailwal previously said the 100 million-token burn represented about 1% of POL’s total supply.

Nailwal also said the team has not yet fully disclosed how Polygon OMS will affect POL. More information is expected to be released.