About Polygon Ecosystem Token (POL)
Polygon Ecosystem Token (POL) serves as a hyperproductive token: the native gas and staking token on Polygon PoS, as well as supporting the network’s future expansion and security as an aggregated network of blockchains.
POL is an upgrade of the original MATIC token used on the Polygon network. This upgrade represents a significant upgrade in the token's utility and role within the expanding Polygon ecosystem.
POL functions as a versatile token within the Polygon ecosystem, serving multiple key roles. It acts as a gas token for paying transaction fees on the network and is staked by validators to secure the network through the proof-of-stake consensus mechanism. Additionally, POL enables governance participation, allowing holders to vote on important network upgrades and changes. It also powers sustainable growth through a unique emissions model, which funds community-driven initiatives. One of POL's standout features is its role as a "hyperproductive" token, allowing validators to secure multiple chains within the Polygon network, further enhancing scalability and efficiency.
Polygon PoS utilizes a proof-of-stake consensus mechanism using POL as the staked asset. This security model enables fast and low-cost transactions through the Polygon PoS scaling solution for Ethereum.
POL is listed on Binance for trade and purchase. The current price of POL is updated in real time on Binance.