Today is the big day at Polygon, the Layer 2 scaling platform. Polygon, which has been backed by #Binance since the beginning, is switching from network token $MATIC to #PolygonPOL today, September 4, 2024. So why is this change so important for the Polygon ecosystem and why is the $POL token needed?


POL is equipped with new features that will allow the ecosystem to become more decentralized and interactive. While MATIC is used for gas and staking for transactions, POL will have a wider range of uses and will play an active role in critical functions such as governance, giving users a greater say in the network.
POL is described by the co-founders as a 'third-generation token', but why might this be? POL is compatible with advanced technologies such as zk-proofs and DACs. These features make POL more than just a means of value transfer, allowing the network to operate more securely and transparently. In short, it contributes to further decentralization of the ecosystem.
In light of this, what part will POL play in the staking process and how will the new system differ from the old one? The new emission rate is set at 2% per year. The emissions will be used for both validator rewards and community treasury, which is an important factor for long-term growth.
POL's impact on validators and liquidity is also important. POL will allow validators to validate across multiple chains. More transaction confirmations means more opportunities to earn rewards. So with this ability, they will have the opportunity to earn transaction fees and additional rewards for each chain.
Liquidity will be impacted by POL's crucial role in the Polygon ecosystem. Users will be able to stake on each of these chains since validators, as I mentioned earlier, will be able to validate on multiple networks. This indicates that POL can concentrate all of the ecosystem's liquidity and encourage a greater number of transactions. Moreover, its emission mechanism guarantees that it will supply the resources that the ecosystem needs.
POL token is not just a technical innovation, but also a model that aligns with social mining principles. @EnsarEsen #SocialMining encourages users to create value by contributing to decentralized systems. POL’s decentralized governance function lets users actively participate in network decisions. At the same time, staking and liquidity opportunities on different chains help users create both financial and community-based value. This way, POL will help make the Polygon ecosystem more interactive and community-focused.
Everything seems good, but will this transition affect Polygon's long-term goals and tech development?
While the effects will become clearer over time, POL will drive Polygon’s evolution using ZK technology, providing major advantages in scalability and security. Additionally, more integration of chains and dApps will expand the ecosystem, leading to more users and liquidity. POL could take on a key role in the cryptocurrency market.

Meme coins have in the recent past earned the attention of investors and investors in the crypto space. Many of these coins derive their theme from internet memes and social media trends thus being a new trend in the digital currency market. Among them, it is possible to highlight Shiba Inu ($SHIB ) as an outstanding example of meme tokens, which reflects both the concept of the sector.
The main concept of meme coins is similar to other cryptocurrencies like Bitcoin or Ethereum; however, most of the meme coins do not have any utility or working model of functioning. Instead, their value is vested heavily in community and Internet culture. Meme coins can be traced to Dogecoin which was initially created out of fun and then appreciated by the shout-out made on Reddit.
The following are some of the reasons that have made people venture into meme coins like $SHIB . First, the role of social media as well as the effects of the internet culture cannot be overemphasized. Meme coins have gone viral due to platform support from social and microblogging sites such as Reddit, X and TikTok. Also, these coins are hypothetical in the sense that their values are volatile, which makes them appeal to business persons seeking to make profits within a short time.
Nevertheless, meme coins remain beneficial for blockchain development and its integration into people’s lives – useful for both. On the positive, meme coins created awareness to individuals who do not have an interest in blockchain technology hence introducing them to the concept in the crypto market. This trait also means that sites of this type have a decentralized structure, indicating the need for many people’s collaboration.
However, such as meme coins are considerably risky and can negatively impact the stability of the market along with the population’s trust in the entire industry of cryptocurrencies. Some meme coins provide very little intrinsic value for the consumer which is a major issue when considering sustainability and success.
Notably, the meme coins are characteristic of Social Mining to some extent in that the community has a say in the development of a particular project. Similar to @EnsarEsen 's #SocialMining which is essential in the development of blockchain ecosystems, communities which are engaged in meme coins are always instrumental in the growth and success of their respective coins through concerted effort and contribution.

Thus, despite the absence of some elements related to classical cryptocurrencies in meme coins such as $SHIB , its role in the progression of the blockchain industry and popularizing of the concept among the mass population is incontestable. It can therefore be said that meme coins are here to stay as part of the crypto-sphere whether they are going to be a trend of the decade or not, they have created their little corner and are too influential with humour, culture and the community.

and RWA Inc. have recently unveiled a new Social Mining platform known as that seeks to incorporate fractional assets to the Web3 ecosystem. This initiative is a major development in as it seeks to make use of content creation and sharing as the way for users to interact with digital assets.

RWA HUB is a platform intended to promote the process of issuing asset-backed tokens which are stocks and real estate among others on a blockchain. This process is meant to improve blockchain technology experience by segments of investment that were less likely to engage with them before. These tokenized assets can now be discovered by Social Miners and they can contribute to the ecosystem by posting content of RWA Inc. ‘s offerings.

The platform will be launched officially on this date 2nd of September 2024. The first stage is the soft launch where the application will be tested in practice just to enhance its options, such as RWA HUB. The target consumers who are willing to participate are free to join at the RWA HUB community site for on-boarding. The platform will allow users to easily interact with it and will connect to other projects from the DAO Labs including HUB and HUB which will ensure that all content-centric functions are accessible in one format.

To enhance the navigation of this site, RWA HUB uses a point system in which users garner Points from producing, sharing, or liking posts on this site. These Points, together with the Reputation and Influence metrics, are the core components that help the platform to work. Reputation affects the total earnings percentage; Influence affects the right to vote and validate in the platform.

ILO that forms part of this RWA HUB is the Initial Labour Offering which seeks to encourage prompt contribution of quality content. It gives priority of token distribution, flexible token vesting and schemes, and high token returns. Tokens will also be listed on the mainstream exchanges to ensure they can get in the hands of as many participants as is possible.

The V1 Pledge Pool for RWA HUB will be launched on Sep 2 to Nov 15, 2024 and more on that in November. This new platform can be seen as a continuation of a global shift toward structuring traditional asset classes alongside blockchain technology and giving user tools to actively engage in the future of digital assets.

Movement Labs is on its way to establishing a community-oriented network by emphasizing values such as security, speed and flexibility in the #blockcain world. Their goal is to unlock blockchain technology's full potential and benefit from a strong ecosystem like #Polygon in this process. This development is significant for both Move-based chains, the @Polygon ecosystem, and the @EnsarEsen -based #SocialMining community. I thought it was the right time to announce this and wanted to share it with the #Binance Square community.

Polygon AggLayer Integration and Benefits
Movement Labs is taking a big step by including Move-based chains (such as $SUI Move, Aptos Move) into Polygon's AggLayer. In this way, MoveVM-based Layer 2 chains will join the Polygon ecosystem and there will be a significant increase in both liquidity and user base.
So how will this integration benefit us?
Liquidity Explosion: With the addition of Move-based chains to the Polygon AggLayer, there will be a massive influx of capital into the #DeFi world. This means more trading and investment opportunities, meaning more earning potential for everyone!Enhanced Harmonisation: There will be more harmonization between different blockchain networks. This means more choice and flexibility for users and developers. You will be able to use the application you want more easily.Super Security and Speed: The Polygon ecosystem will reflect move's superior security and speed performance. Transactions will be faster and safer, which will make everyone smile.Ecosystem Growth: This integration will expand the user base of both Polygon and Move-based chains. More users means a bigger developer community, which means more action.
This move by Movement Labs is creating a real stir in the blockchain world. It may also have an impact on the $MATIC price. With this integration, which is an important step for the future of Web3, brand-new opportunities are at the door.