Overview of the Matic Token Contract
The Polygon (MATIC) token, originally known as the Matic Token, operates on the Ethereum blockchain with the contract address:
Contract Address:
0x7D1AfA7B718fb893dB30A3aBc0Cfc608AaCfeBB0
Key Token Details
- Token Name: Matic Token
- Symbol: MATIC
- Decimals: 18
- Total Supply: 10,000,000,000 MATIC (10 billion)
Technical Specifications
Verified Contract Source Code
The MATIC token contract has been verified on Etherscan, confirming its exact match with the deployed code. Key technical aspects include:
- Contract Name: MaticToken
- Compiler Version: v0.5.2+commit.1df8f40c
- Optimization Enabled: Yes with 200 runs
- Other Settings: Default EVM version
Core Functionality
The contract implements standard ERC20 token functionality with additional features:
Basic ERC20 Operations:
- Token transfers
- Allowance management
- Balance tracking
Advanced Features:
- Pausable transfers (emergency stop functionality)
- Detailed token information (name, symbol, decimals)
Token Holdings and Balances
The contract shows significant activity across multiple blockchain networks:
- Ethereum Mainnet: Primary deployment with major MATIC holdings
- Binance Smart Chain (BSC): Bridged MATIC tokens
- Polygon Network: Native MATIC tokens
- Other Chains: Appears on 35+ different blockchain networks
Security Considerations
Important Note:
- No formal security audit has been submitted for this contract
Frequently Asked Questions
What is MATIC used for?
MATIC serves as the native token of the Polygon network, used for:
- Paying transaction fees
- Participating in network governance
- Staking to secure the network
Where can I store MATIC tokens?
MATIC can be stored in any ERC20-compatible wallet like:
- MetaMask
- Trust Wallet
- Ledger hardware wallets
How does MATIC differ on Ethereum vs Polygon?
- On Ethereum: MATIC exists as an ERC20 token
- On Polygon: MATIC operates as the native currency
- Tokens can be bridged between networks
Is MATIC inflationary?
The total supply is fixed at 10 billion tokens with no inflation mechanism.
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