* Polygon (Matic) is the interchain scalability solution that provides a framework for building blockchain networks that can connect. It aims to bring the scalability and flexibility of alt chain together with Ethereum's liquidity, security and interoperability.
*Polygon also plans to unveil two new rolls-ups in the future. One will parcel large numbers of off-chain transaction together into a single transaction, while the other one will run on top of the Ethereum network to increase transaction speed.
Founder
*Polygon MATIC launched as a test net in October 2017 before moving to main net later in the year. They went on to implement plasma, a framework that is partly used after their rebranding in February 2021. In April 2021, AAVE launched on the Polygon Network CEO Jainti Kanani - a data scientist and analyst;
*CEO Sandeep Nailwal-management consultant;
*director of production control Anurag Arjun- product managers;
*Mihailo Bjeli- develop
How many Polygon (MATIC) tokens are there is circulation ?
*MATIC tokens are released on a monthly basis. MATIC currently has a circulating supply of 4,877,830,774 MATIC tokens and a max supply of 10,000,000,000 MATIC tokens.
*At its initial private sale in 2017, 3.8 percent of MATIC's max supply was issued. In the April 2019 launched sale, another 19 percent of the total supply was sold. The MATIC price was $0.00263 per tokens, and $5million was generated.
*The remaining MATIC tokens are distributed as follows:
* Team tokens: 16 percent of the total supply.
* Advisor tokens: 4 percent of the total supply.
* Network Operation tokens: 12 percent of the total supply.
* Foundation tokens: 21.86 percent of the total supply.
* Ecosystem tokens: 23.33 percent of the total supply.
According to the release schedule, all the tokens will be released by December 2022.
What makes Polygon unique?
*Polygon is self- described as a layer 2 scaling solution, which means that the project doesn't seek to upgrade its current basic blockchain layer any time soon. The project focuses on reducing the complexity of scalability and instant blockchain transaction.
*Polygon uses a customized version of the plasma framework which is built on proof-of-stake checkpoints that run through the Ethereum main-chain. This unique technology allows each sidechain on Polygon to achieve up to 65,536 transaction per block.
*Commercially, the sidechain of Polygon are structurally designed to support a variety of decentralized finance(DeFI) protocols available in the Ethereum ecosystem.
*While Polygon currently supports only Ethereum base chain, the network intends to extend support for additional base chain, based on community suggestions and consensus. This would make Polygon an interoperable decentralized layer 2 blockchain platform.
Future analysis of Polygon(MATIC)
*Now Matic support at 1.24-1.25 if we don't hold this, then next strong support area 1.0-1.025,then next support at 0.695.
*Now Matic resistance at minor resistance at 1.75 if we break here with volume and hold this area next resistance at 1.98 next strong resistance area at 2.695.
