Polygon is changing its token from MATIC to POL on September 4, 2024. This upgrade includes new smart contracts to make the network better. POL will replace MATIC for paying fees and staking.How will the migration process work?The switch from MATIC to POL will happen automatically. All your MATIC tokens will turn into POL tokens. The value, distribution, and total supply will stay the same, so you wonât need to do anything.What happens to MATIC holders?If you have MATIC tokens, they will automatically convert to POL tokens. Your tokens will keep the same value and function within the network. No action is needed from you.Is this move beneficial to the Polygon Ecosystem?Yes, moving to POL will improve the network's efficiency, security, and overall performance. It will make transactions cheaper and the network more scalable, benefiting everyone in the Polygon community.#Polygone $MATIC , $POL,
All You Need to Know About Polygon's MATIC to POL Upgrade
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.
Replies 0
Explore the latest crypto news
âĄïž Be a part of the latests discussions in crypto
đŹ Interact with your favorite creators
đ Enjoy content that interests you
Email / Phone number
