CandleFocus From MATIC to POL: what does this crypto migration mean for you? Experts weigh in
2024-09-12
Author: Content Editor
Polygon (POL), the Ethereum scaling network, has migrated from the MATIC token to a new native token called POL. The migration aims to reshape Polygon's future and is part of its vision to unify liquidity and information across various chains within its ecosystem. POL is being introduced as the Polygon ecosystem evolves into an aggregated network. It will have multiple roles across the ecosystem, including securing an entire network of blockchains. The transition from MATIC to POL will be smooth for most holders, with tokens automatically converting at a 1:1 ratio. However, holders on the Ethereum network may need to manually migrate their tokens. POL's future utility will be shaped by the community, with its tokenomics involving a 2% annual emission rate and a community treasury for funding development projects. The price of POL has seen a downward trend since the migration, but experts believe it has the potential to attract both retail and institutional investors.
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