Polygon Labs Launches Ethereum Contract for New Token POL to Replace MATIC in Ecosystem
Polygon Labs has launched the Ethereum contract for their new token, POL, which is intended to replace the current token, MATIC. However, users do not need to exchange their MATIC for POL at present. The new token will power a vast ecosystem of zero knowledge-based Layer 2 chains and its launch will pave the way for other aspects of the Polygon 2.0 roadmap to be implemented. The team emphasized that POL is not currently being used for any systems in the Polygon network and staking on both Polygon PoS and Polygon zkEVM is still being performed via the old token, MATIC.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Crypto Loan Carnival round 26: Borrow USDT, USDC to enjoy an APR discount of up to 40%
Crypto Loan Carnival round 26: Borrow USDT, USDC to enjoy an APR discount of up to 40%
Announcement on the increase of borrowing limit coefficients for Bitget spot margin VIP levels
Bitget x DGRAM Carnival: Grab a share of 49,500,000 DGRAM
