According to information from Mars Finance, a $50,000 bet has taken place between Marc Zeller – a core member of Aave – and Marc Boiron – CEO of Polygon Labs, concerning the future of the Polygon ecosystem after the issuance of a new token.
Specifically, Marc Zeller posted on the social media platform X yesterday, expressing the view that when an ecosystem issues a second token, the total market value of both new tokens will often be lower than the initial value of the original token. Zeller believes this is a common trend in the crypto market, citing the example of Polygon – the platform that is launching a new project called Katana Network, with plans to issue a separate token called KAT, alongside the current POL token.
Zeller predicts that the total market capitalization of POL and KAT six months after the announcement of Katana will be lower than the market value of POL at the time of the announcement, meaning that the issuance of additional tokens will dilute value rather than increase it. This view has faced strong opposition from the CEO of Polygon Labs – Mr. Marc Boiron – leading to a heated debate between the two parties.
As a result, both decided to turn the debate into a public bet of $50,000, with the deadline set for Christmas night this year. If at that time, the total market value of the two tokens POL and KAT is lower than the initial value of POL when Katana was announced, Zeller will win.
Source: Allinstation by HC Capital
The big players have clashed.
