What is POL

1. Project Introduction
Polygon is a decentralized Ethereum scaling solution that enables developers to build scalable, user-friendly dApps with low transaction fees—without compromising security. Its ecosystem includes:
Polygon PoS sidechain: A Proof-of-Stake sidechain that runs alongside Ethereum and handles transactions off-chain before submitting cryptographic proofs back to the mainnet.
Polygon zkEVM: A Layer-2 ZK-Rollup solution on Ethereum, offering a cheaper and faster alternative while leveraging zero-knowledge proof validation.
Polygon CDK (Chain Development Kit): Allows developers to create their own customizable Layer-2 ZK-Rollup networks on top of Ethereum, offering more bandwidth and flexibility than deploying dApps on shared blockchains.
Polygon Miden: An upcoming ZK-Rollup Layer-2 solution focused on privacy, parallel execution, and higher throughput for on-chain transactions.
Custom Infrastructure: Polygon SDK provides a developer-friendly toolkit for building and deploying decentralized applications within the Polygon ecosystem.
Originally launched as Matic Network, it was rebranded to Polygon in February 2021. Polygon aims to solve Ethereum’s scalability challenges through a suite of modular and efficient ZK-powered solutions, ultimately improving user experience and security across the ecosystem.
2. Team & Investment Info
Polygon was founded in 2017 by Jaynti Kanani, Anurag Arjun, and Sandeep Nailwal. Later, Serbian developer and entrepreneur Mihailo Bjelic joined as a co-founder.
Jaynti Kanani: Former CEO; stepped down in October 2023.
Anurag Arjun: Former co-founder, now founder of Avail.
Sandeep Nailwal: Co-founder & COO; previously founded ScopeWeaver and worked at Deloitte and Welspun Group.
Mihailo Bjelic: Co-founder; information systems engineer from the University of Belgrade.
Marc Boiron: Current CEO; previously Chief Legal Officer at dYdX, and held legal roles at Manatt and Rutan & Tucker.
Polygon completed its seed round in April 2019, backed by Coinbase Ventures and ZBS Capital (undisclosed amount). In February 2022, it raised $450M in a round led by Sequoia Capital India, joined by SoftBank, Galaxy Digital, Tiger Global, Republic Capital, Alan Howard, and Kevin O’Leary.
3. Social Media URLs
X: https://x.com/0xPolygon
Telegram: https://t.me/polygonofficial
Discord: https://discord.com/invite/0xPolygonCommunity
YouTube: https://www.youtube.com/PolygonTV
GitHub: https://github.com/maticnetwork/
4. Token Info
Token Symbol: POL
Total Supply: 10,284,960,287
Token Type: ERC-20
Issuance/Burn Mechanism: Inflationary
Contract Address: https://etherscan.io/token/0x455e53CBB86018Ac2B8092FdCd39d8444aFFC3F6
Token Distribution:
Polygon’s native token, originally launched as $MATIC in 2019 on Ethereum as an ERC-20 token, had a capped maximum supply of 10 billion tokens. In September 2024, $MATIC was upgraded to $POL, with holders able to migrate their MATIC to POL at a 1:1 ratio. The initial total supply of POL is set at 10 billion, with a targeted annual inflation rate of 2% over the first ten years.
Ecosystem: 23.33%
Polygon Foundation: 21.86%
Binance Launchpad: 19%
Team: 16%
Staking Rewards: 12%
Advisors: 4%
Private Investors: 3.8%
5. Related Links
Official Website: https://polygon.technology/
White Paper: https://polygon.technology/papers/pol-whitepaper
LinkedIn: https://www.linkedin.com/company/polygonlabs/
Other Info: https://www.rootdata.com/Projects/detail/Polygon?k=MTYw