What is POL (ex-MATIC)?

POL (formerly MATIC) is the native token of the Polygon ecosystem, playing a pivotal role in the operation and growth of the network. Designed as an upgrade from the original MATIC token, POL brings more utility and a more important role to the ever-expanding Polygon ecosystem. It is used not only to pay transaction fees but also to participate in network governance, staking to secure the network and receive rewards, as well as incentivizing activities that contribute to the growth of the ecosystem. The transition to POL marks an important step forward, solidifying Polygon's position as a leading scaling solution for Ethereum.

What is POL used for?

  • Gas Fees: POL is used as the gas token for transaction fees on the Polygon network.

  • Staking: POL is staked by validators to secure the Polygon network and receive rewards.

  • Governance: POL allows holders to participate in network governance.

  • Re-staking: POL is also used as a re-staking token on the Staking Layer to become validators participating in protecting other Polygon Chains in the Polygon ecosystem.

POL 2.0 Upgrade

Polygon has officially completed the MATIC token swap to POL on September 4, 2024. Existing users have been swapped tokens at a 1:1 ratio. According to the development team, POL is more than just a name change, but also brings more utility, supporting Polygon's vision of building a diverse and thriving blockchain network. Described as a "hyper-yield" token, POL has the ability to provide value to any chain in the Polygon ecosystem, including AggLayer. Currently, POL is used as the gas token and the official staking token on the Polygon network.

Basic information about POL (ex-MATIC)

  • Name: POL (ex-MATIC)

  • Trading name: POL

  • Type: Utility Token

  • Platform: Ethereum

  • Contract: 0x455e53cbb86018ac2b8092fdcd39d8444affc3f6

  • Total Supply: 10,333,669,277.94 POL

POL Token Allocation:

  • Token Sale (seed round + early backers): 3.8%

  • Binance Launchpad: 19%

  • Team: 16%

  • Advisor: 4%

  • Wagering Bonus: 12%

  • Platform: 21.86%

  • Ecosystem: 23.33%

Where can I buy and sell POL Tokens?

You can now buy and sell POL Tokens on Binance.com. This is the exchange that I and many other traders trust and use because of its reputation and safety.

If you intend to buy this coin, you should go to this exchange to buy it. Below is the link to create an account on Binance and reduce 20% transaction fees for you.

Register on Binance: https://accounts.binance.com/register?

Conclusion

With the continuous improvement of blockchain technology, POL (ex-MATIC) promises to become one of the leading solutions for scaling and increasing transaction speed in the future. The combination of high compatibility and low transaction fees makes POL an attractive option for developers and users. However, to achieve sustainable success, POL needs to continue to innovate and adapt to market changes. Investors should carefully study POL and related projects before making an investment decision.