The post Polygon Labs To Upgrade From MATIC To POL Token In September appeared first on Coinpedia Fintech News
Polygon Labs on Wednesday revealed that it will be performing the technical upgrade that swaps out its MATIC token for its new POL token starting on September 4. The migration comes as part of Polygonâs planned revamp laid out last year in its âPolygon 2.0â roadmap. The switch will consist of a technical upgrade that enables POL to be the native gas and staking token for Polygonâs main proof-of-stake chain. In the next stages of the upgrade, POL will also begin to secure other blockchains in Polygonâs wider âaggregatedâ network, including the AggLayer.