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
Ripple’s Roadmap for Institutional DeFi on the XRP Ledger In 2025

This Rising Crypto Presale Could Crush Solana’s Growth in 2025

Crypto execs hiring private security after high-profile kidnappings, report
Metaplanet and El Salvador are buying the Bitcoin dip
Trending news
MoreCrypto prices
More








