POLX Token Burn Announcement
We are thrilled to announce that in an effort to reward our holders, we have decided to do a series of monthly POLX token burn events! We have kicked off this initiative with a commencing burn of 500,000,000 POLX tokens, or 0.5% of the total supply of POLX!
Polygon Transaction Hash (Txhash) Details | PolygonScan
0xf8f4523440461f4948df12b0ca01e9a6da8775831914de045c2f997d19b7cec4 1 hr 43 mins ago (Mar-07-2022 01:36:00 PM +UTC) 0…
Looking forward, we will be holding a burn event on the last Friday of every month, until otherwise specified. Any changes to the token burn schedule will be messaged to the community beforehand.
How Many Tokens Will Be Burned?
The number of tokens that we will burn each month will be determined by volume and circulating supply. Our algorithm allows for more tokens to be burned when activity on the network increases. As the POLX token becomes scarcer, the percentage of each holder’s position from the total supply increases.
Upcoming Token Burn Schedule
- Friday, March 25th, 2022
- Friday, April 29th, 2022
- Friday, May 27th, 2022
- Friday, June 24th, 2022
- Friday, July 29th, 2022