What is the issuance amount of POL (ex-MATIC) coins?

What is the Issuance Amount of POL (ex-MATIC) Coins?

Polygon (previously known as MATIC Network) is a layer-2 scaling solution for the Ethereum blockchain that uses sidechains to improve transaction speed and lower gas fees. The native cryptocurrency of Polygon is MATIC, which has been rebranded to POL.

The total issuance amount of POL coins is 10,000,000,000. Out of this, 6,000,000,000 POL coins were released during the initial coin offering (ICO) in 2017, while the remaining 4,000,000,000 POL coins are held by the Polygon Foundation.

The Polygon Foundation is a non-profit organization that oversees the development and promotion of the Polygon network. The Foundation is responsible for distributing the remaining POL coins over time to support the growth and adoption of the Polygon ecosystem.

Key Points:

• The total issuance amount of POL coins is 10,000,000,000.
• 6,000,000,000 POL coins were released during the ICO in 2017.
• The remaining 4,000,000,000 POL coins are held by the Polygon Foundation.
• The Polygon Foundation distributes the remaining POL coins over time to support the ecosystem.

Roadmap for Issuance of Remaining POL Coins

The Polygon Foundation has outlined a roadmap for the issuance of the remaining 4,000,000,000 POL coins. The following steps provide a detailed plan for the distribution of the coins:

Step 1: Core Team and Advisors

• 1.6 billion POL coins (16%) will be allocated to the core team and advisors who played a crucial role in the development and launch of the Polygon network.
• This allocation recognizes their contributions and ensures their continued involvement in the project.

Step 2: Ecosystem Development

• 1.2 billion POL coins (12%) will be allocated to ecosystem development initiatives.
• This allocation supports the growth of the Polygon ecosystem by funding projects that build decentralized applications, tools, and infrastructure on the network.

Step 3: Marketing and Community

• 800 million POL coins (8%) will be allocated to marketing, community outreach, and adoption programs.
• This allocation helps raise awareness of Polygon, attract new users, and build a vibrant community around the network.

Step 4: Strategic Partnerships

• 600 million POL coins (6%) will be allocated to strategic partnerships and collaborations.
• This allocation enables Polygon to partner with other organizations, projects, and industries to expand its reach and accelerate adoption.

Step 5: Network Security

• 400 million POL coins (4%) will be allocated to network security and research.
• This allocation supports ongoing efforts to enhance the security of the Polygon network and explore innovative solutions to address potential vulnerabilities.

Step 6: Reserve

• 400 million POL coins (4%) will be held in reserve by the Polygon Foundation.
• This reserve serves as a strategic pool for future ecosystem development initiatives or unforeseen circumstances that may require additional funding.

Note: The distribution of the remaining POL coins is subject to change based on the needs of the Polygon ecosystem and the discretion of the Polygon Foundation.