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
55M Americans Own Crypto—and 76% Say It’s Made Life Better
Robert Kiyosaki Says Crash Has Landed—Recession Here, Depression Next, Buy Bitcoin
UBS: This Is the Worst Time to Sell—3 Reasons Pullbacks Lead to Long-Term Gains
Ripple Deploys RLUSD in Kenya as Blockchain Aid Faces Real-World Drought Test
Trending news
MoreCrypto prices
More








