🚀 Polygon Unveils POL Upgrade: What’s Next for $MATIC?
Polygon has just dropped major news! On September 4, 2024, POL will officially replace $MATIC as the native gas and staking token for the Polygon PoS network. With expanded utility, POL is set to power Polygon's future, ensuring security, scalability, and robust governance. 🔗
The transition will be gradual, with no immediate deadlines for $MATIC holders. This seamless 1:1 upgrade via a migration smart contract allows validators and delegators to stake POL and earn rewards, boosting network resilience.
Currently, $MATIC is trading around $0.41, a far cry from its 2024 high of $1.2. With the 200-day Moving Average at $0.74, the long-term outlook remains bearish. However, as the upgrade unfolds, all eyes are on how $MATIC holders and the market will react. 🌐
Stay tuned as Polygon transforms with POL, paving the way for a new era in decentralized networks.