An upgrade proposal regarding the POL token was made on Polygon. The proposal aims to achieve consensus among all Polygon-based networks on the POL token. Following the announcement of the proposal, the price of the MATIC token increased. If the proposal is accepted, network validators will be able to support multiple chains with the POL token. Transitioning from MATIC to POL would involve a simple step, and token holders will be given a transition period. In the future, communities on the Polygon chain will decide which token to use for gas fees. If the proposal is accepted, token holders will be able to vote using the POL token, and rewards will be distributed in POL tokens.
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