๐ฏ On September 4, #PolygonMATIC switched to the $POL token. We can say that POL is an upgrade of the $MATIC token. It has also been renamed. This change is supported by many major exchanges, including #Binance . POL offers significant advantages to the #Polygon ecosystem with its new version. It contributes to solving scalability and efficiency problems thanks to blockchain technology.
๐ The crypto has been experiencing a active period in recent days. Crypto markert moves $BTC price movements worry about investors. On the other hand, #TelegramCEO we are in a bad period with the news about water. With the expectation of Fed interest, a pressure is felt in the entire crypto community, including BTC . While continuing with such pessimistic news, Polygon completed POL elevation. I will try to explain to you by examining Polygon, which was #SocialMining by @EnsarEsen as a social miner. When there was a MATIC, why did the poin need.
โจ With the transition to the POL token, decentralized validators join the pool and contribute to neutrality. This is a step that forms the cornerstone of the security of the ecosystem. The validators here support the Polygon chain in line with security principles and offer infinite scalability. This means more users and more transactions for the Polygon ecosystem. POL is building a sustainable ecosystem with the support of the Polygon ecosystem and community. POL successfully fulfills its duty as a bridge between users and developers and successfully includes all kinds of contributing elements in its ecosystem. POL is based on decentralization as it develops. It is to be managed by its community. POL token offers the high transaction speeds and lower costs we all expect thanks to its advanced technological infrastructure.
๐ We heard the term third generation token from the founding partners with POL. When we look back, productive tokens come to the fore. These direct their owners as validators and ensure that they are rewarded. POL goes further and introduces us to third generation native assets, hyper productive tokens. These tokens are similar to productive tokens. There are two important differences. First, validators can verify as many chains as they want. Second, validators are offered multiple roles and rewards for each chain. When we look at it from a broad perspective, the Polygon ecosystem is safer thanks to hyper productive tokens. It accelerates growth and offers unlimited opportunities.
โก Staking is important for many protocols in the blockchain. With staking, Sybil attacks are prevented, harmony between validators and the ecosystem is ensured. When malicious validators are detected, punishment can be successfully applied. POL stakers also benefit from 3 incentives. First, they benefit from protocol rewards. They are entitled to transaction fees for verifying on more than one chain. They can earn additional rewards from the chains on Polygon. Apart from these, they are user-friendly with the flexible and dynamic staking mechanisms they offer.
โ The POL token is designed to provide higher liquidity than MATIC. This allows users to make easier transactions on their investments. More liquidity flows to the ecosystem with different usage areas and new integrations.
โ The growth and expansion of the Polygon ecosystem will be supported by the transition to POL. Opportunities for new technological developments and innovations will be provided. They will be able to achieve their goals with the adoption by the community and various important activities. A 2% annual emission rate is targeted for the continuation and growth of the sustainable network. This emission model is planned to continue as long as the ecosystem needs. When we look at the future of Polygon, this emission rate will contribute greatly.
โญ The transition from MATIC to POL token will contribute in multiple areas. It will make the Polygon ecosystem more efficient, secure and scalable. This transition can provide great opportunities for current users and new users who will join the ecosystem. It will also contribute to Polygon achieving its long-term goals.
