Polygon is preparing to implement a permissionless burn mechanism for 100 million of its native POL tokens. This move, as announced by Sandeep Nailwal, a key member of the Polygon team, will allow the community to initiate base-fee burns every quarter without requiring approval from the Security Council. Currently, the burn mechanism is being tested on Polygon's testnet. The implementation is pending final signatures from the council.

Source
"Polygon to Implement Permissionless Burn of 100 Million POL" — The Defiant

This article is Bitcoincryptos' summary and analysis of reporting originally published by The Defiant. Read the full original report at the link above.

ETH · 7D · $2,642−0.7%