Polygon Co-founder Sandeep said that 100000000 tokens POL have already been burned, with approximately another 25000000 tokens awaiting burn
BIBIBI
AT A GLANCE
Sandeep said Polygon has burned 100000000 tokens POL, with approximately another 25000000 tokens awaiting burn, while multiple ecosystem features remain under development.
Article
Polygon Co-founder Sandeep: approximately another 25000000 tokens POL awaiting burn; Open Money Stack or an additional million daily transactions
PANews September 27 reported that Polygon co-founder Sandeep Nailwal stated on X that Polygon the community had previously permanently burned cumulatively through on-chain revenue 100000000 tokens POL, representing approximately 1%of the supply; approximately another 25000000 tokens POL are currently ready to be burned, and the relevant amount continues to accumulate. PANews previously reported that 100000000 tokens POL had been burned. In addition, he said Polymarket had launched Polygon perpetual contracts.Polygon Following the recent PoS upgrade, block streaming is being advanced, with the goal of reducing confirmation time to 1 milliseconds.OMS, namely Open Money Stack, is Polygon an integrated infrastructure for stablecoin payments and settlement, integrating wallets, fiat on- and off-ramps, stablecoin transfers, cross-... through a single API(Click the link below to read the full article)
🔗https://www.panewslab.com/zh/articles/01a0e24c-d4cb-75d6-a48b-247d7bab7a58
Key points
01
PANews stated that Polygon co-founder Sandeep Nailwal stated on X that Polygon the community had previously cumulatively and permanently burned through on-chain revenue 100000000 tokens POL。
02
Sandeep Nailwal said that the burned 100000000 tokens POL represent approximately 1%。
03
Sandeep Nailwal said that approximately another 25000000 tokens POL are currently ready to be burned, and the relevant amount continues to accumulate.
04
Sandeep Nailwal said that Polymarket has launched Polygon perpetual contracts.
05
The original article stated that,Polygon following the recent PoS upgrade, block streaming is being advanced, with the goal of reducing confirmation time to 1 milliseconds.
06
The original article explained OMS as Open Money Stack, and stated that it is designed for stablecoin payments and settlement, integrating functions such as wallets, fiat on- and off-ramps, and stablecoin transfers through a single API.
AI-assisted interpretation
The following is analysis, separate from reported facts. Verify important claims independently.
Burn POL means permanently removing tokens from the available supply. The reported 100000000 tokens were described as already burned, while approximately 25000000 tokens were only ready to be burned. The remaining information concerns perpetual contracts on Polygon, performance upgrade targets, and OMS。
Why it matters to readers
If approximately 25000000 tokens POL are ultimately burned, the available supply will decline further;Polymarket perpetual contracts,OMS and performance upgrades may also affect trading and payment activity on Polygon. However, the original article did not provide data on the actual additional transactions generated by these features.
Beginners should distinguish between “already burned” and “ready to be burned,” as well as between “launched,” “being advanced,” and “goal.” A reduced token supply, technical targets, or new features alone do not demonstrate that price or usage will necessarily increase.
Risks and unknowns
The original article is PANews's paraphrase of statements by Sandeep Nailwal on X and does not include the original post.
The original article did not provide on-chain transaction records corresponding to 100000000 tokens POL and approximately 25000000 tokens POL.
Approximately 25000000 tokens POL have not yet been explicitly described as having been burned.
Reducing confirmation time to 1 milliseconds is only a goal; the original article did not provide data showing that it has been achieved or tested.
Related Developments
Loading event timeline…
The headline mentions Open Money Stack or an additional million daily transactions, but the body text is truncated, so the specific methodology, conditions, and whether this has been achieved cannot be confirmed.
The original article did not provide OMS's launch status, usage, or actual additional transaction volume.
Related concepts
Token Burn
This term is not in the glossary yet. Browse related concepts in the glossary.
A derivative contract with no expiration date, designed for continuous holding, whose funding rate mechanism helps keep its price close to that of the underlying asset.
