Cryptocurrencies

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Understand the issuance price and total issuance of MATIC coins in one article

The initial issuance price of MATIC tokens was $0.00263 on May 25, 2019, setting the foundation for its journey in the cryptocurrency market.

Oct 09, 2024 at 06:23 am

1. Understanding MATIC Coin Issuance Price

The initial issuance price of MATIC tokens was $0.00263 on May 25, 2019. This price was determined during the project's initial coin offering (ICO), where investors purchased MATIC tokens in exchange for Ethereum (ETH).

2. Total Issuance of MATIC Coins

The total supply of MATIC coins is 10,000,000,000 (10 billion). This supply is distributed as follows:

Circulating supply: Approximately 8 billion MATIC tokens are currently in circulation.
Team allocation: 21.9% (2.19 billion MATIC) is allocated to the Polygon team and advisors.
Foundation allocation: 25% (2.5 billion MATIC) is reserved for the Polygon Foundation.
Ecosystem and community development: 16% (1.6 billion MATIC) is dedicated to ecosystem growth and community initiatives.
ICO sale: 19% (1.9 billion MATIC) was sold during the ICO.

3. Explanation of Total Issuance

The total issuance of MATIC coins is carefully designed to meet the following objectives:

Stability: The large total supply ensures that MATIC has sufficient liquidity and stability.
Growth: The allocations to the team, foundation, and ecosystem provide resources for future development and expansion.
Community empowerment: The allocation for community development empowers the Polygon community to participate in the project's governance and growth.

4. Impact on Coin Value

The total issuance of MATIC coins can impact its value through several mechanisms:

Circulating supply: As more MATIC tokens enter circulation, it may lead to increased supply and potentially downward pressure on the price.
Future token releases: If allocations from the team, foundation, or ecosystem are released into the market, it could also impact supply and price.
Community growth: Strong community engagement and ecosystem development can drive demand for MATIC and boost its value.

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