⚠️🚨What you need to know about migrating MATIC Token to POL Token🚨
👉As the cryptocurrency space evolves, blockchain-enabled networks must also evolve with the changing blockchain environment. Polygon (formerly known as MATIC) has been at the forefront of this change and has positioned itself as a scalable, secure, and stable platform for Ethereum-compatible blockchain networks.
However, the time has come to take Polygon’s journey to the next level, with the important transition of the MATIC token to POL. This move is not just a rebranding effort but a strategic move designed to improve the network’s capabilities.
This included upgrading from Polygon’s PoS to Validium’s zkEVM, implementing POL as a scalable underlying asset, creating new tokenomics, and integrating a new governance structure. This much-anticipated milestone was reached on September 4, 2024, when the MATIC token officially migrated to POL.
The conversion ratio is set at 1:1 with MATIC, while the new token retains the old Tokenomics and launches with an initial supply of $10 billion. Additionally, staked MATIC automatically converts to POL after launch.
If you have any questions, please contact me immediately.
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