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The Matic Network is a second-tier, extensible platform that enables fast, simple, and secure chain transactions that not only pay for transactions, but also implement broad-based, off-chain smart contracts. Matic Network is an important contributor to the Ethereum ecosystem, dedicated to the implementation of plasma MVP (the lowest operating plasma), the WalletConnect protocol and the Ethereum event reminder engine - Dagger has made outstanding contributions.
The Matic token is used for equity bets and participates in the proof-of-commitment mechanism of the side chain network. Matic tokens are also used to pay mining rewards and other trading/mining costs to PoS beneficiaries. At the time of each transaction, a small portion of the transaction costs will be stored in the agreement to support the Matic Ecosystem project and be paid through chain governance.
Token Status and Distribution
The total supply: 10,000,000,000MATIC