Foundation Token Movement Accounting!

Nirbhik Jangid
Matic Network
Published in
2 min readDec 10, 2019

Dear Community,

We want to strongly state that the allegations of token movement from our Foundation account, made by a FUD account against Matic team are completely baseless. Even Binance confirmed it:

Tweet: https://twitter.com/cz_binance/status/1204261531015188480

We already announced that there will be a release of ~2.5% (248mn) tokens as communicated in our post which coincides with the net outward movement.

Blog:

Telegram:

List of all outward Token movements.

Aggregated outward movement ~2.7%
The foundation’s tokens are still here: https://etherscan.io/address/0xB316FA9FA91700D7084D377BFDC81EB9F232F5FF

The tweet that created the FUD was later retracted & an apology was posted by the original account.

Thanks to the Ethereum community for their continued support & belief!

Originally published at https://blog.matic.network on December 10, 2019.

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Nirbhik Jangid
Matic Network

BUIDLing @thedapplist. Prev. Community & Growth Lead @ Matic | Twitter — https://twitter.com/nirbhikjangid