🌐 Introducing a new era of Polygon with POL – together building a strong Web3 ecosystem!
In the journey to become the Value Layer of the Internet, @0xPolygon is making a breakthrough by transitioning from MATIC to POL. #Polygon is not just a simple Layer-2 for Ethereum — but POL promises to unlock a multi-chain ecosystem, supporting validators, governance, staking, and a Community Treasury across chains.
Highlights I want to share:
• Smart & automatic migration: holders of MATIC on PoS will be converted automatically, while other wallets or exchanges can use migration contracts to convert.
• The “core” functions of POL include: staking to protect the network (by eliminating Sybil attacks), participating in governance, and supporting development funding through the Community Treasury.
• Development direction: POL aims for “infinite” scalability to support thousands of chains within the Polygon ecosystem, while maintaining a smooth user experience with minimal friction.
• Market impact & listings: Binance has listed $POL and supports depositing/withdrawing POL tokens, opening up new liquidity and trading opportunities.
I expect that by 2025, #Polygon with the POL foundation will attract more DeFi, Gaming, NFT projects and collaborations in traditional industries thanks to its flexibility and high scalability.
Is everyone in the community preparing for the migration process? What do you think about the long-term potential of $POL ? Let's share and discuss! 🚀
