Polygon (MATIC) Facts

  • 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

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