MATIC Will Be Upgraded to POL Tomorrow – Polygon | Aggregated

Polygon has executed a significant technical upgrade by converting its native MATIC cryptocurrency to the new POL token, on a 1:1 basis. The transition began on September 4 and aims to enhance the token's utility. It is a crucial step towards the implementation of the network's version 2.0.

Polygon has completed a major technical upgrade, converting its native cryptocurrency, MATIC, to a new token called POL on a 1:1 basis. The transition, which began on September 4, is designed to enhance the token’s utility as a crucial step towards the network’s version 2.0. With the introduction of POL, it will become the primary token for gas transactions and staking on the network.

According to Marc Boiron, CEO of Polygon Labs, this upgrade will enable greater community participation in the growth of the network. The introduction of POL will create new opportunities for the community as additional emissions are introduced, allowing users to participate more actively in the network.

important links

Marc Boîron on POL and community participation ⬇️

We interrupt your doomscroll with another reminder:

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