Introducing POL Token
The POL token, part of the Polygon ecosystem, offers new features such as restaking. It aligns with Polygon’s zero-knowledge technology integration and expansion into a ZK validium Layer 2 network. The token will have an initial supply of 10 billion tokens and a future emission rate capped at 1%, replacing the MATIC token over four years.
What Do You Need to Do if You Hold MATIC?
If you currently hold MATIC, it’s best not to switch to POL just yet. The liquidity for POL is still low, so it’s better to hold onto MATIC until Polygon launches a native bridge.
Should You Sell Matic?
If you’re considering selling because of uncertainty around POL, there’s no rush to do so. While Polygon isn’t the strongest Ethereum project in terms of valuation, MATIC is fundamentally strong and has a promising roadmap. If you’ve been holding MATIC for a while, there’s no need to sell now. However, if you’re considering buying now, other coins might offer more upside.
What Exactly is Happening with POL 2.0?
- Integration of Zero-Knowledge Technology: Polygon 2.0 aims to integrate zero-knowledge technology and transform into a comprehensive scaling solution for Ethereum. This transformation will lead to more gas consumption for the POL token rather than ETH and better optimization with a unified token economy similar to BNB.
- Restructuring: The Polygon PoS chain is being transformed into a ZK validium Layer 2 network, enhancing interoperability within a uniform ecosystem.
- The transition from MATIC to POL: POL will support restaking natively, have the same supply as MATIC, and an emission rate of only 1% per year (1m POL per year).
Hot Take: The Future of POL Token
POL token brings new features and improvements to the Polygon ecosystem. However, it’s important to consider the liquidity and potential impact on your existing holdings before making any decisions regarding your MATIC tokens.
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