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On 22nd February 2024, Polygon wrapped up its token unlock event, releasing approximately $263 million in MATIC tokens to the market. At the same time, AI tokens exceed the investors' expectations with Borroe Finance ($ROE) presale raising over $3 million.
Polygon's token Unlock schedule completion, which started from its initial coin offering (ICO), is an important milestone.
Early participants were paid in MATIC tokens subject to certain terms and timelines. Now that these restrictions have been removed, all the MATIC token supply is available to traders, developers, and users.
According to the Etherscan data, MATIC tokens totalling over 263 million, were transferred from the Polygon vesting contract to the Foundation, which was worth about $263 million.
This transition in turn denotes the last token unlock, as a result fully introducing MATIC into circulation. However, CoinGecko indicated that 9.3 billion MATIC tokens are circulating out of 10 billion total and maximum supply.
Santiment's volume trend analysis reveals that trading volume reached almost $760 million on February 21, but has dropped to $684 million at the time of writing.
This indicates no instant market response to the newest MATIC unlock and makes us believe that the token had not been fully circulated by the moment of analysis.
The daily time frame chart of Polygon showed that MATIC was down by almost 7% in price on February 21, dropping from around $1.00 to $0.90.
Nonetheless, when this was written, the token had seen a minor reversal with nearly 2% gain as it went to around $1.03.
Although the price had declined dramatically, MATIC continued to be in a bull trend, with its Relative Strength Index (RSI) moving back above 60.
This also highlights the maturity of the native asset of Polygon in the crypto industry, indicating full liquidity and usability.
Going forward, the community and stakeholders of Polygon are positive about the benefits associated with the opportunity of availability of MATIC tokens.
Borroe Finance ($ROE) is an AI-driven token that runs on the Polygon blockchain which also serves as an Ethereum sidechain (ERC-20). Positioned as the sole disruptor in Web3 funding, it introduces a novel concept: making future revenue streams convert to NFTs for businesses, giving them instant funding.
This particular value proposition sets it apart from other cryptocurrency projects that are hype-driven coin offerings, making it sustainable.
As a deflationary coin, $ROE was designed to foster scarcity, and a slow value growth, hence, advocating for a Hodling strategy in the long term.
Investors who partnered with Borroe Finance ($ROE) benefited from many investment opportunities available and almost limitless profits.
Already, the current phase four presale has pulled in more than $3 million in sales, and it is clear that there's a strong demand among the investors.
The presale of which the fourth phase is now in progress, offers $ROE tokens at a price of $0.019 each. Once each presale stage ends, the $ROE governance token will be traded at the best crypto exchanges at a selling price of $0.04.
Borroe Finance ($ROE) is headed by industry veterans Maxim Prishchepo and Michael Price and is centered on honesty and integrity. The platform is audited by BlockAudit, which ensures security and transparency, while its open-source smart contract promotes trust for users.
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