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What is Polygon (MATIC)?

Polygon basic info

Name:Polygon

Ticker:

MATICBuy now

Introduction:

Welcome to Bitget - the world’s fastest growing crypto derivatives trading platform.

As one of the most popular chains, Ethereum has been a prosperous ecosystem, providing different money-making opportunities like tokens, De-Fi, Dao, Dapps, Game-Fi, Move-to-Earn, NFT…

Thanks to Ethereum, so much money has been made. However, the expensive gas fee on Ethereum has stopped people from participating in the Blockchain development.

Also, the Ethereum network was considered too slow. It can only handle 30 transactions per second. Do we have an alternative? A cheaper and faster Blockchain network? A better solution is Polygon.

What Is Polygon And Its Crypto, MATIC?

Polygon is a scaling solution that runs alongside the Ethereum Blockchain, which is called “layer 2” or “sidechain”. Compared to the Ethereum network, Polygon allows faster transactions and lower fees.

MATIC is Polygon’s native cryptocurrency, like the relationship between ETH and Ethereum, which is used for paying the gas fees, staking, and governance.

What Is The Problem Faced By Ethereum? How Does Polygon Improve It?

Ethereum is facing the following three challenges:

Low transaction speed: Only 30 transactions available per second

High gas fee: As there’s only 30 transactions available per second, if you want to be quick, you have to pay a higher gas fee.

Limited Usages: For developers, there are limited options to develop a Dapp.

Polygon allows Dapps on the Ethereum network to solve the problems mentioned above. Polygon is a POS (Proof of stake) chain with a wider variety of scaling solutions.

It acts like an additional pathway for the Dapps on the Ethereum network with a higher speed of calculation. Then send the data back to the main chain to finish verification.

This scaling solution allows developers to have faster ways to develop innovative applications.

What Can MATIC Do?

There are three major usages of Polygon:

Paying the gas fee: Similar to ETH, MATIC is used to settle the gas fee that supports the operation of the Polygon network.

Governance: The MATIC holders are able to participate in the governance of Polygon.

Staking: If you want to earn an extra income, you can do staking. But please beware of the risk.

How Can I Buy MATIC?

"Polygon has successfully enhanced the Ethereum ecosystem, the second largest Blockchain network, by increasing the transaction speed and lowering gas fees. It makes Ethereum become more sustainable.

If you consider Polycon a potential Blockchain project, you can start to find out more about its native token MATIC.

According to CoinMarketMap, MATIC tokens are released on a monthly basis. MATIC currently has a circulating supply of 4,877,830,774 MATIC tokens and a max supply of 10,000,000,000 MATIC tokens.

The remaining MATIC tokens are distributed as follows:

Team tokens: 16 percent of the total supply.
Advisors tokens: 4 percent of the total supply.
Network Operations tokens: 12 percent of the total supply.
Foundation tokens: 21.86 percent of the total supply.
Ecosystem tokens: 23.33 percent of the total supply.

According to the release schedule, all the tokens will be released by December 2022.

The simplest way to buy MATIC is through cryptocurrency exchanges. You can establish an account with an exchange like Bitget, and then fund the account with fiat by credit card, Apple pay and Google pay.

Click here to check out the latest price of Polygon.

Current price:

$0.4852More price details

All-time high:$2.92

All-time low:$0.003012

MATIC supply and tokenomics

Circulating supply:1,913,783,700 MATIC

Total supply:10,000,000,000 MATIC

Max supply:0 MATIC

Market cap:$928.63M

Fully diluted market cap:$4.85B

Tokenomics:

Token utility

$POL has three primary utilities:

Staking：Validators in Polygon 2.0 need to stake $POL in order to participate in the validation process.
Validator Rewards：Polygon 2.0 will provide a predetermined amount of $POL as reward to validators. The reward allocation can be adjusted based on future community governance decisions.
Transaction Fees：Validators can validate multiple chains within the Polygon ecosystem and receive transaction fees in the form of $POL.

Token governance

$POL can be used for governance purposes. Polygon 2.0 will introduce a new community treasury managed by $POL holders, aimed at supporting the development of the Polygon ecosystem.

Links

Website:https://polygon.technology/

Whitepaper:https://github.com/maticnetwork/whitepaper/

X:https://twitter.com/0xPolygon

GitHub:https://github.com/maticnetwork/contracts

Buy Polygon for $1Buy MATIC now

What is the development prospect and future value of MATIC?

The market value of MATIC currently stands at $928.63M, and its market ranking is #105. The value of MATIC is widely recognized by the market. When the bull market comes, the market value of MATIC will likely continue to increase.

Moreover, if MATIC can play a greater role in practical applications, such as Polygon builders fully leveraging the potential of MATIC, partnering with more businesses, and increasing its user base, the long-term value of MATIC will be significantly enhanced.

What will the price of MATIC be in 2025?

Based on MATIC's historical price performance prediction model, the price of MATIC is projected to reach $0.7738 in 2025.

What will the price of MATIC be in 2030?

In 2030, the MATIC price is expected to change by -2.00%. By the end of 2030, the MATIC price is projected to reach $0.8849, with a cumulative ROI of +85.06%.

Reminder: Just like all cryptocurrency investments, investors must closely monitor the market performance of MATIC and be aware of the associated risks. The world of cryptocurrencies is full of uncertainties, so thorough research and preparation are essential.

MATIC price MATIC price prediction MATIC news

Is MATIC worth investing or holding? How to buy MATIC from a crypto exchange?

If you want to buy MATIC, the following information may be helpful for your investment decisions:

In the last 7 days, the price of MATIC has fallen by -19.29%, leading to negative returns for most MATIC investors. The market is currently pessimistic about the price trend of MATIC.

It is important to note that the current price of MATIC has retreated by -83.40% from its all-time high. This coin is currently considered high-risk, and while its price may rebound in the future, there is significant uncertainty.

Additionally, it's important to understand that each coin has its own optimal times for buying and selling. The optimal time to invest is dynamic: when a coin is undervalued, it's wise to adopt a buying strategy; when it becomes overvalued, you should decisively sell the coin.

To decide whether MATIC is worth investing in, you need to consider various market factors such as the overall trend of the cryptocurrency market, the project's fundamentals, its current market valuation, and whether the current price is suitable for buying. If the project's fundamentals suddenly change or the price becomes excessively high, you should adjust your investment strategy and trading operations accordingly.

Your investment decisions should be based on your own risk tolerance, financial status, market analysis and research, especially the timing of your investments. Correct timing can ensure more reliable returns. Keep in mind that investing in MATIC or any cryptocurrency comes with certain risks and uncertainties.

Regardless of your outlook on the development prospects and future trends of MATIC, if you want to buy or sell MATIC, you can consider Bitget for your trading needs. The best place to buy MATIC is an exchange that offers hassle-free and secure transactions, combined with a user-friendly interface and high liquidity. Every day, millions of users choose Bitget as their trusted platform for crypto purchases.

Investing in Polygon has never been easier. Simply sign up on Bitget, complete the identity verification process, and make payments using bank transfers, debit cards, or credit cards, all while ensuring security through crypto wallets. This is a widely adopted method to buy Polygon. Here's a step-by-step guide on how to buy Polygon on Bitget.

Buy MATIC now Coin buying guide

How to get Polygon through other methods？

Using cash to buy Polygon is not the only way to obtain Polygon. If you have the time to spare, you can get Polygon for free.

Learn how to earn Polygon for free through the Learn2Earn promotion.

Earn free Polygon by inviting friends to join Bitget's Assist2Earn promotion.

Receive free Polygon airdrops by joining ongoing challenges and promotions.

All crypto airdrops and rewards can be converted to Polygon through Bitget Convert, Bitget Swap, or spot trading.

What is Polygon used for and how to use Polygon?

The use case of Polygon may expand as the crypto market and the project itself develop. Currently, you can use MATIC to achieve the following goals:

Arbitrage by trading MATIC: Since MATIC is a frequently traded cryptocurrency, the price of MATIC is always fluctuating. Earn more MATIC by buying low and selling high on the exchange. Bitget spot market provides a variety of MATIC trading pairs to fully meet your needs.

Earn by staking MATIC: You can also generate income through financial management methods such as staking MATIC or lending MATIC. Bitget Earn offers a variety of financial products designed to help you earn more income from your MATIC.

Send or pay MATIC: If you want to give MATIC to your friends, a charity, or a fundraiser, or you want to pay someone with MATIC, you can quickly and easily send MATIC to the recipient through their payment address.

You can also go to the official website of the Polygon project to learn more about the use cases of MATIC. For example, find out if the project supports the use of within its community or ecology, or if the project allows you to purchase physical or virtual products in .

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