Technology

Polygon Plans Permissionless Burn of 100 Million POL Tokens

September 18, 2026, 8:25 PM UTC (13 days ago) · 1 source · Summarized by CryptoBipto

Polygon is preparing a permissionless burn of 100 million POL tokens. The burn mechanism is designed to be executed without requiring centralized approval. Details about the timeline and specific implementation are still emerging.

WHY IT MATTERS

In crypto, a "token burn" is like permanently shredding paper money — the tokens are sent to a special address where no one can ever use them again, reducing the total number of tokens that exist. Think of it like a company buying back and destroying its own shares. When a burn is described as "permissionless," it means anyone can trigger the process through code built into the system, rather than needing a company or team to approve it. This is significant because it reflects a design philosophy in crypto where important actions are governed by transparent rules rather than human gatekeepers. For Polygon, which helps make Ethereum transactions faster and cheaper, this burn involves its POL token, which replaced the older MATIC token.

Polygon, the layer-2 scaling network built on Ethereum, has announced preparations for a permissionless burn of 100 million POL tokens. POL is the native token of the Polygon ecosystem, having replaced the earlier MATIC token as part of a broader network upgrade.

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Clear explanations of the subjects this article touches, with every term defined.

What is tokenomics, and why does token supply matter?How token supply works — circulating, total and maximum supply, emission schedules, vesting, lock-ups and burns — and why each affects a token differently.