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Polygon intends to distribute nearly 1.4 billion unclaimed MATIC tokens to teams, foundations and staking rewards



Time:8/2/2022 2:53:21 AM

[Polygon intends to distribute nearly 1.4 billion unclaimed MATIC tokens to teams, foundations and pledge rewards] On August 2, according to Polygon’s official Telegram Unclaimed, the Polygon Foundation will claim the tokens. Among them, 640 million MATICs (6.40%) will be allocated to the team, and will be directly pledged by the co-founders after claiming; 546,609,632 MATICs (5.46%) will be allocated to the foundation, and the team will update the community in advance about the movement of the foundation wallet; 200 million MATIC (2%) will be allocated for staking rewards from May 2021 to December 2021.

Earlier news, Blockworks researcher Sam found that the Polygon token attribution contract released about 1.4 billion MATIC 9 hours ago, accounting for 14% of the total supply. Polygon Lianchuang Sandeep stated that the movement and pledge of nearly 1.4 billion MATICs is related to the foundation treasury plan and is not unlocked by contract.

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