This shift marks a significant upgrade for the Polygon network, transitioning to a more efficient and flexible token.
🔸 Why the change?
POL is now the native gas and staking token for the Polygon proof-of-stake network. This means it's the fuel that powers transactions and secures the network.
🔸 Easy migration! 🔄
If you hold MATIC on Ethereum, you can seamlessly migrate to POL using the Polygon Portal at 1:1 rate
POL is designed to be hyper productive. This means it's more efficient and can support a wider range of applications. Plus, there's potential for future expansions, like governance and other utility functions.
🔸 Why did $MATIC become $POL?
* Efficiency: Faster transactions, lower fees.
* Flexibility: Room for growth and innovation.
* Community-driven: Chosen by Polygon users.
* Unified network: Single token for all Polygon chains
Ans; Polkadot is the next generation coin which enhance to build a strong chain network, Whales predicts that this coin can reach atleast 250$ in bull season where AI, Web 3, Blockchain Layer 1 and 2 Coins are depends on this token in upcoming years