Polygon Launches Mobile Burning Capabilities for $MATIC Tokens
While Polygon revealed its MATIC burning console weeks ago, the company has recently launched an integrated build for its mobile app which is now available for Polygon's mobile wallet suite.
“Burning MATIC tokens is an amazing way to help contribute to the MATIC ecosystem, and by our estimates we may burn around 0.27% of total supply per year,” the announcement release stated.
MATIC tokens deflationary characteristics will induce more burning for more tokens, and will provide a balance for the protocol that will result in better predictions in terms of gas prices. This is because token burns and smart contract implementations ensure that the gas prices do not fluctuate above a specific level.
In addition to the mobile burning capabilities, users can also use the Polygon Token Lists to check out investment opportunities while also providing token creators with a platform to be visible to the crypto market they are aiming to serve.