What is $POL
POL (ex-MATIC) is the native coin of the Polygon network, formerly known as MATIC. It is an ERC-20 token and serves as the native gas and staking token on Polygon's main proof-of-stake chain. POL is used to pay transaction fees on the Polygon network and is also paid to validators as staking rewards.
The purpose of POL (ex-MATIC) is to secure the Polygon PoS network, fuel transactions, and serve as a validator reward. It aims to play a crucial role in Polygon's larger 2.0 roadmap, which aims to build a more efficient and scalable blockchain network. Additionally, POL introduces several new staking methods for on-chain validators and alters the coin's tokenomics to improve the
community's earning potential.