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8.22%
What is the issue price of MATIC coins? Introduction to the issue price and issue quantity of MATIC coins
MATIC coin, the native cryptocurrency of Polygon's Ethereum scaling solution, was initially issued at $0.00263 in 2017, with a total supply of 10 billion coins later reduced to 6 billion.
Oct 07, 2024 at 10:18 am
1. What is MATIC Coin?
MATIC coin is the native cryptocurrency of the Polygon network, a Layer 2 scaling solution for the Ethereum blockchain. It enables faster and cheaper transactions while maintaining the security and decentralization of Ethereum.
2. MATIC Coin Issuance Price
The initial issuance price of MATIC was **$0.00263** in 2017. During its initial coin offering (ICO), which ran from April 23 to May 22, 2019, 1.9 billion MATIC coins were issued at this price, raising a total of $5 million.
3. MATIC Coin Issuance Quantity
Initially, the total supply of MATIC coins was set at 10 billion. However, in December 2020, Polygon announced a reduction in the supply to 6 billion MATIC in order to reduce inflation and increase the value of the coin.
Conclusion
The initial issuance price of MATIC coin was $0.00263. The initial supply was 10 billion coins, which was later reduced to 6 billion. Polygon's innovative Layer 2 solution and the reduction in supply have contributed to MATIC's growing popularity and value in the cryptocurrency market.
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The information provided is not trading advice. kdj.com does not assume any responsibility for any investments made based on the information provided in this article. Cryptocurrencies are highly volatile and it is highly recommended that you invest with caution after thorough research！
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