POSITIVE EFFECT OF $MATIC TO $POL TRANSFORMATION
As per analysis following effects can be occur in near future
The effects of Polygon's rebranding from MATIC to POL are:
1- *New Token Symbol*: POL is now the official token symbol, replacing MATIC.
2- *Token Migration*: All existing MATIC tokens have been migrated to POL at a 1:1 ratio.
3- *Rebranding*: Polygon's brand identity, including its logo and website, has been updated to reflect the new token symbol.
4- *Governance*: POL is now used for governance proposals and voting on the Polygon network.
5- *Staking*: POL is used for staking and validating transactions on the network.
6- *Transactions*: POL is used for transaction fees and gas costs on the Polygon network.
7- *Exchange Listings*: Exchanges have started listing POL, replacing MATIC.
8- *Price Impact*: The rebranding and token migration may have a short-term impact on the token's price due to market adjustments.
Overall, the rebranding and token migration aim to consolidate Polygon's brand identity and prepare for future growth and adoption.
