{"id":10915,"date":"2024-02-22T12:13:51","date_gmt":"2024-02-22T10:13:51","guid":{"rendered":"https:\/\/forklog.com\/en\/matic-foundation-unlocks-final-273-million-matic-tokens\/"},"modified":"2024-02-22T12:13:51","modified_gmt":"2024-02-22T10:13:51","slug":"matic-foundation-unlocks-final-273-million-matic-tokens","status":"publish","type":"post","link":"https:\/\/forklog.com\/en\/matic-foundation-unlocks-final-273-million-matic-tokens\/","title":{"rendered":"Matic Foundation Unlocks Final 273 Million MATIC Tokens"},"content":{"rendered":"<p>On February 21, Matic Foundation received 273 million MATIC (~$253 million) from a <span data-descr=\"a contract containing tokens that are unlocked upon meeting certain conditions\" class=\"old_tooltip\">vesting contract<\/span>.\u00a0<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"zh\" dir=\"ltr\">11 \u5c0f\u65f6\u524d\uff0c2.73 \u4ebf <a href=\"https:\/\/twitter.com\/search?q=%24MATIC&#038;src=ctag&#038;ref_src=twsrc%5Etfw\">$MATIC<\/a>($253M) \u4ece Matic \u5f52\u5c5e\u5408\u7ea6\u8f6c\u5165 Matic \u57fa\u91d1\u4f1a\u5730\u5740\u3002<\/p>\n<p>\u8fd9\u662f Matic \u7684\u6700\u540e\u4e00\u7b14\u4ee3\u5e01\u89e3\u9501\u8f6c\u79fb\uff0c\u81ea\u6b64 <a href=\"https:\/\/twitter.com\/search?q=%24MATIC&#038;src=ctag&#038;ref_src=twsrc%5Etfw\">$MATIC<\/a> \u8fdb\u5165\u5168\u6d41\u901a\u72b6\u6001\u3002<a href=\"https:\/\/t.co\/btJelj0cBZ\">https:\/\/t.co\/btJelj0cBZ<\/a> <a href=\"https:\/\/t.co\/PS7YBmoCOs\">pic.twitter.com\/PS7YBmoCOs<\/a><\/p>\n<p>\u2014 \u4f59\u70ec (@EmberCN) <a href=\"https:\/\/twitter.com\/EmberCN\/status\/1760495197501489486?ref_src=twsrc%5Etfw\">February 22, 2024<\/a><\/p><\/blockquote>\n<p> <script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>This was the project&#8217;s final token unlock, bringing the circulating supply of the coin to its maximum of 10 billion MATIC.\u00a0<\/p>\n<p>According to <a href=\"https:\/\/www.coingecko.com\/en\/coins\/polygon\">CoinGecko<\/a>, at the time of writing, the digital asset&#8217;s market capitalization stands at $8.9 billion with a daily trading volume of $693 million.\u00a0<\/p>\n<p>MATIC is trading at $0.975, having gained nearly 10% over the past week.\u00a0<\/p>\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/lh7-eu.googleusercontent.com\/GuUi4mLDZRPuw2D_4nwSj10KktZ02Ecp7QdgbL7VsVk8rTUZHTKtkP64mYvxCHI7oCOwCjGC8_If7Wupi6AnHdXMuvMjnM-cOjryBI97yLxUdgP5RYZy_47kRoJ_VUnEMKpZlkZDQeX3OPIQElEL1Ls\" alt=\"Matic Foundation \u0440\u0430\u0437\u0431\u043b\u043e\u043a\u0438\u0440\u043e\u0432\u0430\u043b\u0430 \u043f\u043e\u0441\u043b\u0435\u0434\u043d\u0438\u0435 273 \u043c\u043b\u043d MATIC\"\/><figcaption class=\"wp-element-caption\">15-minute MATIC\/USDT chart on Binance. Data: <a href=\"https:\/\/www.tradingview.com\/symbols\/MATICUSDT\/\">TradingView<\/a>.\u00a0<\/figcaption><\/figure>\n<p>Technical analyst Ali noted that the coin shows &#8220;promising signs from a long-term perspective.&#8221;\u00a0<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\"><a href=\"https:\/\/twitter.com\/hashtag\/Polygon?src=hash&#038;ref_src=twsrc%5Etfw\">#Polygon<\/a> shows promising signs from a long-term perspective. The prevailing pattern appears to be a multi-year symmetrical triangle. <\/p>\n<p>If <a href=\"https:\/\/twitter.com\/search?q=%24MATIC&#038;src=ctag&#038;ref_src=twsrc%5Etfw\">$MATIC<\/a> can maintain a close above $0.96, it could signal the start of a bull rally, with a potential target of $1.73! <a href=\"https:\/\/t.co\/qjgn6sN1oV\">pic.twitter.com\/qjgn6sN1oV<\/a><\/p>\n<p>\u2014 Ali (@ali_charts) <a href=\"https:\/\/twitter.com\/ali_charts\/status\/1760453598528315675?ref_src=twsrc%5Etfw\">February 21, 2024<\/a><\/p><\/blockquote>\n<p> <script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>According to his analysis, MATIC is nearing the upper boundary of a &#8220;multi-year&#8221; symmetrical triangle. If the token can hold above $0.96, it could indicate the start of a rally with a potential target of $1.73, Ali believes.\u00a0<\/p>\n<p>Cryptotrader Elodie also noted MATIC&#8217;s breach of the upper resistance boundary. He stated that the bullish trend is further confirmed by the 100-day moving average.\u00a0<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\"><a href=\"https:\/\/twitter.com\/hashtag\/MATIC?src=hash&#038;ref_src=twsrc%5Etfw\">#MATIC<\/a> breakout confirmed with a weekly close! <\/p>\n<p>Bullish trend supported by the 100-day MA! <\/p>\n<p>Keep an eye on the Ichimoku cloud for a potential bullish rally! ?<a href=\"https:\/\/twitter.com\/hashtag\/CryptoNews?src=hash&#038;ref_src=twsrc%5Etfw\">#CryptoNews<\/a> <a href=\"https:\/\/twitter.com\/hashtag\/BullishAlert?src=hash&#038;ref_src=twsrc%5Etfw\">#BullishAlert<\/a> <a href=\"https:\/\/twitter.com\/hashtag\/DYOR?src=hash&#038;ref_src=twsrc%5Etfw\">#DYOR<\/a> <a href=\"https:\/\/twitter.com\/hashtag\/NFA?src=hash&#038;ref_src=twsrc%5Etfw\">#NFA<\/a> <a href=\"https:\/\/t.co\/UKssvj2N0I\">pic.twitter.com\/UKssvj2N0I<\/a><\/p>\n<p>\u2014 \u00c9lodie (@Elodie_de) <a href=\"https:\/\/twitter.com\/Elodie_de\/status\/1759587755384791277?ref_src=twsrc%5Etfw\">February 19, 2024<\/a><\/p><\/blockquote>\n<p> <script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>In the autumn of 2023, the Polygon Labs team implemented a smart contract on the Ethereum mainnet for the new Polygon Ecosystem Token (POL), intended to replace MATIC.<\/p>\n<p>The idea of launching a new coin was first proposed in mid-July as part of the Polygon 2.0 update. The main goal of the initiative is to ensure network scalability without compromising security.<\/p>\n<p>POL also paves the way for other aspects of the Polygon 2.0 roadmap, including the creation of a separate staking layer, upgrading the current PoS mechanism to zkEVM-2, and developing a unified liquidity protocol.\u00a0<\/p>\n<p>In February 2024, Polygon Labs introduced the concept of a first-type prover, allowing EVM networks to implement zero-knowledge proof-based scaling technology.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>On February 21, Matic Foundation received 273 million MATIC (~$253 million) from a vesting contract.\u00a0 11 \u5c0f\u65f6\u524d\uff0c2.73 \u4ebf $MATIC($253M) \u4ece Matic \u5f52\u5c5e\u5408\u7ea6\u8f6c\u5165 Matic \u57fa\u91d1\u4f1a\u5730\u5740\u3002 \u8fd9\u662f Matic \u7684\u6700\u540e\u4e00\u7b14\u4ee3\u5e01\u89e3\u9501\u8f6c\u79fb\uff0c\u81ea\u6b64 $MATIC \u8fdb\u5165\u5168\u6d41\u901a\u72b6\u6001\u3002https:\/\/t.co\/btJelj0cBZ pic.twitter.com\/PS7YBmoCOs \u2014 \u4f59\u70ec (@EmberCN) February 22, 2024 This was the project&#8217;s final token unlock, bringing the circulating supply of the coin to its maximum of 10 [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":10914,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"","news_style_id":"","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[1264,596],"class_list":["post-10915","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-polygon-matic","tag-tokens"],"aioseo_notices":[],"amp_enabled":true,"views":"24","promo_type":"","layout_type":"","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/10915","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/comments?post=10915"}],"version-history":[{"count":0,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/10915\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media\/10914"}],"wp:attachment":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media?parent=10915"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/categories?post=10915"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/tags?post=10915"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}