Polygon (MATIC) Facts
May 26, 2021
- The Polygon platform was founded by Jaynti Kanani, Sandeep Nailwal and Anurag Arjun in October 2017, originally under the name MATIC (which remained the name of the project’s token)
- The Polygon platform is one of the first projects that offered scalability and infrastructure development on the Ethereum blockchain
- MATIC is an ERC-20 token. It’s used for for local payment transactions on the Polygon platform
- The total supply of MATIC is capped at 10,000,000,000 MATIC. At the time of writing 4,877,830,774 MATIC is in circulation. MATIC tokens are released on a monthly basis
- At the time of writing, the MATIC’s lowest ever price price was ₺0.02489 (9 May 2019). Its highest price was ₺8.69 (9 May 2021)
- Access the Polygon platform and MATIC website at https://matic.network/
- Review the technical details of Polygon and MATIC in the project’s whitepaper here https://github.com/maticnetwork/whitepaper
