Polygon Launches Mobile Burning Capabilities for $MATIC Tokens

Ethereum layer scaling solution Polygon has announced the launch of a mobile burning mechanism for its native $MATIC token. 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. You can now support the #Polygon ecosystem and burn $MATIC tokens on your mobile. Why burn? ⚖ Deflationary tokens are good for all⛽ Predictable gas prices for your transactions👛 Better value for validators and delegators Check out now 👇https://t.co/qK7XD5jd0Q — Polygon Developers 💜 (@0xPolygonDevs) March 25, 2022 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.The post Polygon Launches Mobile Burning Capabilities for $MATIC ...