What does this mean for MATIC? MATIC has a fixed supply of 10 billion coins in network. Burning the coin would have a deflationary effect . But experts believe the deflationary pressure will benefit both validators and delegators, as rewards for processing transactions would be denominated in MATIC.16 Ara 2021
Read moreWhat happen to Matic Polygon?
MATIC, Polygon’s native token, spiked around 760% up in a four-week long surge, rising from $0.34 on 20 April 2021 to an all time-high of $2.68 on 18 May 2021 . Following its record high, MATIC plunged to $1.09 on 23 May, but soon rebounded on 26 May 2021, reaching $2.21.
Read moreDoes Matic get burned?
For Token Holders: Since MATIC is a fixed supply, the burning mechanism will contribute to deflation . According to simulations, the annual burnt MATIC will be 0.27% of the total supply. For Users: Enjoy lower gas fees than Ethereum while allowing for better fees prediction in the future.17 Şub 2022
Read moreHow many Matic do you burn?
That mean’s the there will be around 27 million MATIC burned that first year . After five years, around 134.2 million will have disappeared forever. Finally, in Year 10 the total supply will be down to approximately 9.73 billion.23 Oca 2022
Read moreWhere Matic coin is used?
MATIC is the native cryptocurrency of the Polygon network and is used to help drive development across the network and can be used for staking and paying for transaction fees . Users can earn MATIC tokens by providing computational resources and services to the Polygon network.
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