Polygon's Mumbai Upgrade And The Great Opportunity For CUB And Leofinance

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The London update of Ethereum and its success in the months to follow, has probably also encouraged other projects to seriously consider the token burning tool, effectively transforming Ethereum into a deflationary token, effectively reducing the total supply in the course. weather. Polygon devs have announced the upcoming Mumbai update in testnet, and when it is officially implemented on the blockchain, the $ MATIC token will also start getting involved in burning.


EIP-1559 was in fact one of the greatest turning points ever for the king protocol of the world of decentralized finance and Dapps, since it is from that moment on that a part of the fees spent in transactions are burned, or removed from circulation because sent to inactive wallets.

The new system will progressively reduce the amount of $ MATIC in circulation, thus having constant deflationary effects - and not single ones like in one-off burns. This means that those who buy today know they are buying tokens that will be progressively rarer.

The EIP-1559 will help to dramatically improve the speed of the transaction, reducing the annoying network congestion that causes slowness and will eliminate all the not useful information in the validation blocks such as spam or superfluous information. The effect of the burning since the introduction of Mumbai will be about 0.27% per year of the total supply, which is 10 billion for which the elimination of about MATIC 27 million per year is estimated.

Polygon has a particular interest for those who have invested in LEO and CUB since the DeFi PolyCUB platform will be launched shortly, with the aim of involving investors and users of the large crypto community, which will certainly be subject to growth in the coming weeks. important for both the mainnet launch and the official Mumbai bundle.

The timing of the Leofinance team to launch the platform on Polygon is really strategic and we will be able to enjoy further free advertising simply by waiting for this to materialize. A great movement will involve CUB and the Leofinance community. Get ready!

Posted using LeoFinance Mobile



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4 comments
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I can't imagine while Matic move up and down with speed. It easily be in bullish trend, small noise can also push it to sell.

Posted Using LeoFinance Beta

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Ciao Claudio, per ora vedo CubFinance come la copia di PancakeSwap, mi sto sbagliando?

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