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What is POL (ex-MATIC) (POL)?

POL (ex-MATIC) basic info

Name:POL (ex-MATIC)
Ticker:
Introduction:

What Is Polygon Ecosystem Token ?

Polygon Ecosystem Token is the new native token of the Polygon blockchain. Launched in October 2023, it is the next evolutionary step in the Polygon network's journey towards creating a decentralized and scalable blockchain platform. Born out of the need to address the challenges faced by open-source projects, such as the free rider problem, the Polygon Ecosystem Token aims to align contributors and provide them with tangible value. The Ethereum protocol, with its native token, has already demonstrated how such tokens can bootstrap a thriving ecosystem, ensuring network security and incentivizing protocol participants. Taking inspiration from this, the Polygon network, which initially had MATIC as its native token, has introduced POL as a technical upgrade to further its vision of becoming the Value Layer of the Internet.

POL, or the Polygon Ecosystem Token, is designed to be the primary tool for coordination, growth, and the overall development of the Polygon ecosystem. It represents the future of the Polygon network, aiming to drive its vision forward and ensure that the network remains self-sustainable, powerful, and relevant in the ever-evolving blockchain landscape.

Resources

Official Documents: https://wiki.polygon.technology/docs/pos/assets/pol/

Official Website: https://polygon.technology/

How Does Polygon Ecosystem Token Work?

The POL token is designed to be a hyperproductive asset, a third-generation native token that builds upon the foundations laid by Bitcoin's BTC and Ethereum's ETH. Unlike these tokens, POL offers its holders the ability to validate multiple chains and assume multiple roles within each chain, thereby providing them with multiple streams of rewards. This unique design ensures that the Polygon ecosystem remains secure, coordinated, and primed for growth.

POL introduces several benefits to the Polygon ecosystem:

- Ecosystem Security: A decentralized pool of Proof-of-Stake (PoS) validators ensures the security, resilience, and neutrality of every Polygon chain.

- Infinite Scalability: POL can support the exponential growth of the Polygon ecosystem, allowing the validator pool to scale and support thousands of Polygon chains without compromising security.

- Ecosystem Support: POL provides a sustainable mechanism for ongoing support, ensuring the ecosystem's growth and development.

- Community Ownership: Emphasizing decentralization, POL enables community-driven governance, ensuring that the community has a say in the network's direction.

Validators play a central role in the POL ecosystem. By staking POL, they join the validator pool and can validate any Polygon chain. In return, they receive protocol rewards, transaction fees from the chains they validate, and additional rewards from certain Polygon chains. This multi-faceted reward system ensures that validators are incentivized to contribute positively to the ecosystem.

What Is POL Token?

POL is the next-generation protocol token for the Polygon network, introduced as a technical upgrade to the native asset. It is designed to be the major tool for the growth and coordination of the Polygon ecosystem. POL is built on OpenZeppelin's ERC20 implementations and supports EIP-2612 for signature-based permit approvals. While it shares many features with MATIC, POL is designed to offer more in terms of ecosystem participation and security.

The transition from MATIC to POL represents a shift in the network's vision and capabilities. The upgrade process is designed to be seamless, with MATIC holders being able to send their tokens to an upgraded smart contract and receive an equivalent amount of POL in return. This 1:1 conversion ensures that the transition is smooth and that the community remains at the heart of the Polygon network.

What Determines Polygon Ecosystem Token 's Price?

In the dynamic world of cryptocurrency and blockchain, the price of a token is influenced by a myriad of factors, both intrinsic and extrinsic. For the Polygon Ecosystem Token, commonly known as POL, its price is no exception to this rule. At its core, POL's value is fundamentally determined by supply and demand dynamics within the market. As more users and developers adopt the Polygon platform for its scalability and interoperability features, the demand for POL can increase, potentially driving its price upwards. Conversely, if the network faces challenges or competitors offer more attractive solutions, demand might wane, putting downward pressure on the token's price.

External market conditions also play a pivotal role in shaping POL's price trajectory. Broader cryptocurrency market trends, regulatory developments, technological advancements, and macroeconomic factors can all impact investor sentiment and, consequently, the demand for POL. Additionally, the token's utility within the Polygon ecosystem, such as its role in staking, governance, and transaction fees, can influence its perceived value among users and investors. As the blockchain industry continues to mature, understanding the multifaceted determinants of token prices, like that of POL, becomes crucial for both seasoned investors and newcomers alike.

For those interested in investing or trading POL, one might wonder: Where to buy Polygon Ecosystem Token ? You can purchase Polygon Ecosystem Token on leading exchanges, such as Bitget, which offers a secure and user-friendly platform for cryptocurrency enthusiasts.

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Current price:
All-time high:$1.29
All-time low:$0.3400

POL supply and tokenomics

Circulating supply:5,664,675,000 POL
Total supply:10,250,455,714.64 POL
Max supply:0 POL
Market cap:$2.13B
Fully diluted market cap:$3.85B
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

Buy POL (ex-MATIC) for $1Buy POL now

What is the development prospect and future value of POL?

The market value of POL currently stands at $2.13B, and its market ranking is #32. The value of POL is widely recognized by the market. When the bull market comes, the market value of POL will likely continue to increase.

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

What will the price of POL be in 2025?
Based on POL's historical price performance prediction model, the price of POL is projected to reach $0.5713 in 2025.
What will the price of POL be in 2030?
In 2030, the POL price is expected to change by -11.00%. By the end of 2030, the POL price is projected to reach $0.8930, with a cumulative ROI of +139.72%.
Reminder: Just like all cryptocurrency investments, investors must closely monitor the market performance of POL and be aware of the associated risks. The world of cryptocurrencies is full of uncertainties, so thorough research and preparation are essential.

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

If you want to buy POL, the following information may be helpful for your investment decisions:
In the last 7 days, the price of POL has fallen by -8.64%, leading to negative returns for most POL investors. The market is currently pessimistic about the price trend of POL.
It is important to note that the current price of POL has retreated by -70.82% 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 POL 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 POL or any cryptocurrency comes with certain risks and uncertainties.
Regardless of your outlook on the development prospects and future trends of POL, if you want to buy or sell POL, you can consider Bitget for your trading needs. The best place to buy POL 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 POL (ex-MATIC) 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 POL (ex-MATIC). Here's a step-by-step guide on how to buy POL (ex-MATIC) on Bitget.

How to get POL (ex-MATIC) through other methods?

Using cash to buy POL (ex-MATIC) is not the only way to obtain POL (ex-MATIC). If you have the time to spare, you can get POL (ex-MATIC) for free.
Learn how to earn POL (ex-MATIC) for free through the Learn2Earn promotion.
Earn free POL (ex-MATIC) by inviting friends to join Bitget's Assist2Earn promotion.
Receive free POL (ex-MATIC) airdrops by joining ongoing challenges and promotions.
All crypto airdrops and rewards can be converted to POL (ex-MATIC) through Bitget Convert, Bitget Swap, or spot trading.

What is POL (ex-MATIC) used for and how to use POL (ex-MATIC)?

The use case of POL (ex-MATIC) may expand as the crypto market and the project itself develop. Currently, you can use POL to achieve the following goals:
Arbitrage by trading POL: Since POL is a frequently traded cryptocurrency, the price of POL is always fluctuating. Earn more POL by buying low and selling high on the exchange. Bitget spot market provides a variety of POL trading pairs to fully meet your needs.
Earn by staking POL: You can also generate income through financial management methods such as staking POL or lending POL. Bitget Earn offers a variety of financial products designed to help you earn more income from your POL.
Send or pay POL: If you want to give POL to your friends, a charity, or a fundraiser, or you want to pay someone with POL, you can quickly and easily send POL to the recipient through their payment address.
You can also go to the official website of the POL (ex-MATIC) project to learn more about the use cases of POL. 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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POL resources

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POL price calculator

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POL
USD
1 POL = 0.3751 USD
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