Golden Finance reported that Polygon will officially launch the upgrade of converting its long-used MATIC tokens to new POL tokens on Wednesday. The upgrade is part of the "Polygon 2.0" roadmap, which aims to enhance the flexibility of token issuance and make POL the native token of the Polygon PoS chain and other chains in its ecosystem. The annual issuance rate of the new POL token will be 2%, part of the supply will be used to reward Polygon PoS validators, and the other part will enter the community treasury to support the sustainable development of the ecosystem. Polygon Labs CEO Marc Boiron said that the upgrade was due to the technical limitations of the MATIC token, and the new token issuance method will provide support for the development of the community and decentralized network.