The EIP-1559 upgrade introduces the same fee-burning mechanism to Polygon resulting in the destruction of MATIC tokens. It also removes the first-price auction method for calculating network fees which leads to better cost estimations but goes not reduce gas prices.
The team stated that, just like Ethereum, the supply of MATIC is likely to become deflationary with 0.27% of the total supply being burnt every year according to estimations. There is a fixed supply of 10 billion MATIC tokens with 6.8 billion currently in circulation.
I have Matic in my wallet do i need to send it to Binance for validation? for EIP-1559?
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0xPolygon awesome now nothing works.. this group of devs needs to fix problems so they make some.. rollitback
fix the fuckin pos bridge feature all our funds are stuck because of your teams negligence for not having some type of warning on the poly bridge dashboard prior to depositing. You guys could've at least disable the damn thing until the upgrade happened.
Eth and Matic are not deflationary if InflationDeflation
$matic can easily reach to $10 dollars .
MATIC doesnt have enough rich whales?
Hype
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