1.4 billion MATIC locked in- Here’s what could follow next

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Polygon has released a new update for its network. Polygon contract address released 13.87% of the total supply to the foundation contract address.Officials from Polygon said 640 million MATIC are allocated to the team and staked directly.

Furthermore, 546 million MATIC tokens are allocated to the foundation and 200 million are used for staking awards.This news has rocked the Polygon community with many users still skeptical over the decision.

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