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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5,157,399,791 #MATIC (608,702,227 USD) transferred from #Bitvavo to unknown wallet
05/09/2024 00:31
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Understand the meaning of Polygon $MATIC changing its name to $POL in one article
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.
JinseFinancePolygon to Replace MATIC with POL Token in September
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.
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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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BitcoinistPolygon upgrade fixes bug that put $24 billion MATIC at risk
"Given what was at stake, I think our team made the best decision in the situation," said Polygon co-founder Jaynti Kanani.
CointelegraphEthereum EIP-1559 upgrade goes live on Polygon to destroy MATIC
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