🔥 Polygon is preparing to burn 100M POL. Sandeep Nailwal says a permissionless burn contract is already on testnet and is awaiting final approval from Polygon’s Security Council before moving to mainnet. Once activated, anyone will be able to trigger the first 100M ethereum:0x455e53cbb86018ac2b8092fdcd39d8444affc3f6 burn, roughly 1% of POL’s initial 10B supply. The POL would come from Polygon’s accumulated base fees. The 100M POL haven’t been burned yet. But the mechanism is getting close to mainnet.
Blockchain Journal - Breaking Crypto NewsShare
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