BitMEX Supports Migration to POL Tokens on Polygon Network
BitMEX has made significant announcements regarding the upcoming migration on the Polygon network, introducing changes that will impact users. Starting September 4, 2024, the platform will transition to supporting the new POL token, replacing MATIC as the native gas and staking token for Polygon’s Proof-of-Stake (PoS) chain.
Zero Fees for MATIC (ERC-20) Withdrawals
BitMEX is facilitating the migration by offering zero network fees for MATIC (ERC-20) withdrawals from August 27, 2024. Users are encouraged to withdraw their MATIC tokens from BitMEX wallets promptly to ensure a smooth transition.
Delisting of MATIC Contracts
To streamline the migration process, BitMEX will delist all MATIC contracts, including Spot, Perpetual, and Convert contracts, on September 3, 2024. This action aims to minimize disruptions and ease the transition to POL tokens for users.
Exclusive Support for POL on Polygon
Following the migration on September 4, 2024, BitMEX will exclusively support the POL token on the Polygon network. MATIC and POL tokens on the Ethereum (ERC-20) network will no longer be supported. BitMEX also plans to introduce new contracts for the POL token, ensuring continued trading opportunities for users.
Guidance for Users
BitMEX has provided detailed instructions to assist users during the migration process. Users are advised to review the implications of the migration and follow the necessary steps outlined on the BitMEX Blog. For any inquiries or additional support, users can reach out to BitMEX Support via the official contact page.
Hot Take: Prepare for the Migration
As the migration to POL tokens on the Polygon network approaches, BitMEX is gearing up to provide seamless support for users. Stay informed about the transition and take necessary steps to ensure a hassle-free experience. Get ready for the upcoming changes and make the most of the trading opportunities with the new POL tokens.
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