1. What is POL?
It is the new native token of the Polygon ecosystem. What was previously known as MATIC has now been upgraded to POL with more advanced features. It is used for network transaction fees (Gas fees) and staking.
2. Current Market Stats
Price: Currently, the price of 1 POL coin is approximately $0.13 (around 15.60 BDT).
Ranking: It is currently ranked among the top 100 cryptocurrencies on CoinMarketCap.
Supply: Its total supply is over 10 billion tokens.
3. Why this change? (MATIC to POL)
This change was introduced as part of the Polygon 2.0 vision. The benefits include:
Multi-chain Utility: It can operate across various chains within the Polygon network simultaneously.
Security: It ensures better rewards for network validators, enhancing overall security.
4. What should you do if you are a MATIC holder?
Centralized Exchanges (e.g., Binance): If your MATIC is held on exchanges like Binance or KuCoin, they will automatically convert it to POL for you. No action is required on your part.
Personal Wallets: If held in wallets like MetaMask or Trust Wallet, you may need to manually migrate them using Polygon's official portal.
Disclaimer: The cryptocurrency market is highly volatile and risky. Please conduct your own thorough research before making any investment.$POL
