Polygon Staking Contract Controversy: Alleged Token Allocation Inconsistencies and Suspicious Exchan

Wu said he learned that research from blockchain intelligence company ChainArgos concluded that Polygon’s token allocation in the staking contract was inconsistent with the public token economics plan and that there was suspicious exchange traffic. The staking contract was deployed in June 2022. In the token economics allocation table, the contract should grow from 400 million MATIC to 1.2 billion MATIC, but the actual situation is 0 to 800 million MATIC, and the missing 400 million MATIC is sent to the token labeled Binance 33 address (0x50…45CE), this wallet has nothing to do with staking. 0x2f4…8719C Received 300 million MATIC from Binance 33 and 467 million MATIC from address tagged Matic: Marketing & Ecosystem; sent 767 million MATIC to Binance exchange wallet. ChainArgos believes this could be some kind of collaboration between the Polygon team and Binance.

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