About POL (ex-MATIC) (POL)
About POL (ex-MATIC)
POL is the native token of the Polygon network, designed to pay transaction fees, earn staking rewards, and power a growing ecosystem of zero-knowledge-based Layer 2 chains. As part of Polygon 2.0, POL will gradually replace the current MATIC token over four years. It is also an ERC-20 token compatible with Ethereum wallets.
What Makes POL Unique?
POL supports fast and low-cost transactions on Polygon’s Layer 2 network while enabling scalability and security through zero-knowledge proofs. Its integration within Polygon 2.0 aims to enhance the network’s decentralization and governance capabilities.
How Does POL Work?
Users pay transaction fees and stake POL tokens to help secure the network. POL holders can participate in governance decisions, contributing to the network’s evolution.
What Is POL Used For?
POL is used for paying fees, staking, and governance within the Polygon ecosystem. It fuels Layer 2 solutions focused on scalability and privacy, making it a vital part of the network’s infrastructure.
How to Store POL Safely
POL is an ERC-20 token and can be stored in Ethereum-compatible wallets such as MetaMask, Ledger, and Trust Wallet.