What changes will the upgrade of MATIC to POL bring? What are the impacts?
After MATIC is upgraded to POL, what changes will occur in the token economics and what impact will it have on the future value of the POL token?
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After MATIC is upgraded to POL, what changes will occur in the token economics and what impact will it have on the future value of the POL token?
Polygon officially announced on the social platform X that the community has agreed to the proposal to upgrade MATIC to POL, and the upgrade is scheduled to be officially launched on the mainnet on September 4.
Polygon will replace its MATIC token with the POL token on September 4, automating the conversion for most holders and introducing a versatile, hyperproductive token designed to enhance the Polygon network's functionality and security.
Grayscale's recent portfolio adjustments reflect its commitment to adapt to market dynamics. While some tokens were added, others were strategically removed, showcasing the company's proactive investment strategy.
MATIC Polygon's promising performance hints at a potential surge towards $1.20, buoyed by industry momentum and bullish projections. Analysts and patterns foresee a significant upward trajectory, fostering anticipation for Polygon's continued ascent.
MATIC, the native cryptocurrency of Polygon, has recently gained traction, showing a 50% increase in price surge in the last 20 days, amid the optimistic trend circling the cryptocurrency market due to the recently finished Uptober rally.
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"Given what was at stake, I think our team made the best decision in the situation," said Polygon co-founder Jaynti Kanani.
According to Polygon team estimates, MATIC supply could become deflationary once fee burning starts.