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What is the issuance price and issuance volume of POL (ex-MATIC) coins?
The initial issuance price of POL (ex-MATIC) coins was $0.00263 in the April 2019 ICO, with a total issuance volume of 10 billion coins.
Dec 06, 2024 at 11:56 pm
What is the Issuance Price and Issuance Volume of POL (ex-MATIC) Coins?
Understanding POL (ex-MATIC) Coins
Polygon (MATIC), rebranded as POL, is a Layer-2 scaling solution that operates alongside the Ethereum blockchain, facilitating faster and more cost-effective transactions. POL coins represent the native cryptocurrency of the Polygon ecosystem.
Issuance Price
The initial issuance price of POL coins was $0.00263 during its initial coin offering (ICO) held in April 2019.
Issuance Volume
The total issuance volume of POL coins is 10 billion, distributed as follows:
- Seed Sale: 24% (2.4 billion coins) at $0.0019
- Strategic Sale: 20% (2 billion coins) at $0.0024
- Public ICO: 25% (2.5 billion coins) at $0.00263
- Team and Advisors: 16% (1.6 billion coins)
- Ecosystem and Marketing: 15% (1.5 billion coins)
Additional Allocation:
In 2022, an additional 1 billion POL coins were allocated to the Ecosystem and Marketing fund, bringing the total issuance volume to 11 billion.
Key Considerations
- The issuance price and volume are crucial factors influencing the initial distribution and value of POL coins.
- The ICO price of $0.00263 set the initial market capitalization of Polygon at approximately $6.8 million.
- Since its ICO, POL coins have experienced significant growth, reaching an all-time high price of over $2.90 in December 2021.
- The issuance volume provides insight into the distribution of tokens among various stakeholders, including investors, the team, and the ecosystem.
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