According to the current data presented, the Polygon (MATIC) team is not using its staking assets as previously promised.
Offered by on-chain analysis platform ChainArgos datarevealed that the Polygon team arbitrarily used MATIC assets reserved for staking, going beyond the token economy plan.
ChainArgos analysts, The token allocation promise made publicly by Polygon was not kept. He emphasized that MATIC transfers worth millions of dollars were made in plain sight, especially between Binance-related wallets.
On the other hand, during the unlocking period visible oddities While it is stated that the money outflows are “0x2f4…8719CIt was stated that it was collected at a Binance-related address named “.
The staking assets allocation table presented by the Polygon team is currently 1.2 billion tokens should be included in the cumulative flow while pointing out only 800 million of them It was stated that it was used for this purpose.
The details provided also claimed that there were inconsistencies in staking allocations, although the peak inflow of 1.2 billion tokens likely corresponded to the Launchpad sale. While data shows the cumulative flow into the staking contract is between 0 and 800 million, the lock opening reference suggests it should be between 400 million and 1.2 billion.
ChainArgos front, “loss” 400 million MATIC was sent to an address labeled Binance 33 and revealed that it was not used for its real purpose: staking:
Here is the cumulative flow in the staking contract. Note that this started in June 2020, when the contract was distributed. And it went from 0 to 800 million. The allocation table tells us that this should increase from 400 million to 1.2 billion. Now go back and look at their basic output. The “missing” 400 million MATIC appears to be going to an address labeled Binance 33.
In addition to all these, there is another address named “0x2f4Ee65D5” Tagged Binance 33 from address 300 million MATIC received and 467 million of MATIC whereas “Matic: Marketing & EcosystemIt was stated that it was sent from their wallets to this address. Your suspicious address is at the end of all these transfers. Binance sent 767 million MATIC to exchange wallets It was stated:
The Polygon team and Binance are clearly working together to back-feed these tokens as they are.
There has been no official statement on the issue yet from Polygon or Binance.