Token Events

Polygon announces the completion of a new round of token burns, permanently removing approximately 25.9 million POL, about 0.24% of the current circulating supply. The project team stated that if this pace continues, the total burn rate by the end of 2026 will approach 3%. This move is seen as an important step for Polygon to strengthen its token economy and tighten supply, aiming to gradually improve the long-term value structure of POL while network usage grows. However, the short-term market response remains cautious. Affected by the overall weakness in the crypto market, POL's price has fallen by about 6%, and trading volume has decreased to approximately $108 million, indicating a temporary cooling of trading activity. But this has not changed the trend of fundamental improvement. Polygon founder Sandeep Nailwal said on social media that there is a direct correlation between network activity and token value; the more frequently the PoS chain is used, the more POL is burned, and the supply will continue to tighten.

Blockchain infrastructure Espresso announces ESP token economics, with an initial total supply of 3.59 billion tokens and no fixed maximum supply. 27.36% allocated to contributors, 14.32% to investors, 10% airdrop, 1% community sale, 3.01% staking rewards, 24.81% future incentives, 15% foundation operations, and 4.5% liquidity provision.

The Aztec community has approved the TGE plan proposal, and token transfers are expected to open at 3:00 PM on February 12. The proposal was initiated for voting on January 27, requiring 100 million tokens to participate and an approval rate of over 66%. Users who purchased through sales can transfer tokens.

Recent data shows the Pi Network Core Team has made significant internal transfers of Pi coins, coinciding with a drop in price and increased user participation. Over 193 million tokens are set to unlock this February, raising investor concerns.

Foresight News reports that the self-custody digital bank Tria has announced the TRIA tokenomics. The total supply of TRIA tokens is 10 billion, with an initial circulating supply of 2,188,520,000 (21.89%). Of this, 41.04% will be allocated to the community, 18% to the foundation, 15% to the ecosystem and liquidity, 13.96% to investors, and 12% to core contributors.

Stablecoin project Cap co-founder Benjamin announced that there will be no token airdrop. The project will incentivize users through Stabledrop in the form of stablecoins, with the only way to obtain it being the upcoming public offering. He emphasized that there are no listing fees paid to CEX, nor are there TVL incentives or side trading through CAP, to avoid token dilution and uncontrolled buyback costs.

YO Protocol announced that it will launch a governance token YO, with a total supply of 1 billion, distributed to the community and core contributors, among others. The token will be airdropped on February 5, and it is initially non-transferable, and holders can participate in protocol decision-making. The YO Rewards Program has been launched, and users can earn YO rewards by participating in DeFi activities.

Solana makes a new mark in the cryptocurrency hardware market with the launch of the Seeker phone and the $SKR token, as the value of this token skyrocketed over 200% in just the first few days. The strong price surge of $SKR occurred immediately after the token launch event (TGE) along with the associated airdrop program.