Matic Completes Final Token Unlock, Enters Full Circulation

Matic banner and an umlocked padlock

Today, a transfer of 273 million MATIC tokens, valued at approximately US$253 million, took place from the Matic vesting contract to the Matic Foundation address. This transfer marks the completion of Matic’s token unlock process, signifying that MATIC has now entered full circulation. This milestone holds considerable implications for the Matic ecosystem and its stakeholders, signaling the end of scheduled token releases and providing clarity on the total token supply available for trading and utilization within the network.

Last Phase of Matic’s Token Unlock Process

Matic Network reached a remarkable milestone in its token distribution journey as 273 million MATIC tokens, valued at approximately US$253 million, were transferred from the Matic vesting contract to the Matic Foundation address. This transfer represents the last phase of Matic’s token unlock process, marking the completion of scheduled token releases and indicating that MATIC has now entered full circulation within the ecosystem.

Why am I bullish on MATIC?

Around $253M worth of MATIC was transferred to the Matic foundation today, just after its last unlock.

100% of the supply is in circulation. $Matic with great utilities, mass adoption and possibly rebranding is in conner surely it should perform… pic.twitter.com/8B2zzPdFXE

— LaCryptoLycus🐺 (@CryptoLycus) February 22, 2024

The completion of the token unlock process holds considerable importance for the Matic Network and its community. It brings clarity and transparency to the total token supply available for trading and utilization within the network, providing stakeholders with a clear understanding of the ecosystem’s economic fundamentals.

A New Phase

With the full circulation of MATIC tokens, stakeholders can now assess and evaluate the network’s growth trajectory, adoption rates, and overall market dynamics with a complete picture of the token supply in mind. This milestone underscores Matic’s commitment to transparency, decentralization, and fostering a thriving ecosystem for decentralized applications (dApps) and blockchain innovation.

Moving forward, the completion of the token unlock process positions Matic Network for continued growth, development, and adoption within the broader blockchain and cryptocurrency landscape. As the network enters this new phase of its journey, stakeholders can expect to see further advancements, partnerships, and initiatives aimed at expanding the reach and impact of Matic’s technology and ecosystem.

Author: Jinka

Jinka is a self-trained crypto journalist, passionate about happenings in the industry.