Reddit Posts
How to migrate MATIC tokens to new upgraded POL tokens? - Tutorial from Polygon Network
How to migrate MATIC tokens to new upgraded POL tokens? - Tutorial from Polygon Network
Which Layer2 solution are you most excited about?
Migrate your MATIC tokens to new upgraded POL tokens
Polygon's MATIC: Bullish Surge Amid POL Token Upgrade
Polygon Deploys New POL Token Contracts on Ethereum
Polygon Supernet Architecture Analysis: How Polygon plans to scale out
Polygon Deploys POL Contracts on Goerli Testnet, Releases 2 New PIPs
Polygon 2.0 Update: POL Contracts Are Live on Goerli Testnet
From MATIC to POL: Polygon's 2.0 Upgrade Targets Internet-Level Scalability
Astar Network to launch zkEVM Ethereum Layer 2 powered by Polygon | The Block
Polygon 2.0 Implementation Begins: MATIC to be Upgraded to POL
Polygon releases proposals on 2.0 upgrade and POL token migration
Polygon releases proposals on 2.0 upgrade and POL token migration | The Block
Polygon SubNet Architecture Analysis: How Polygon plans to scale out
The modular Revolution in the Ethereum ecosystem
Polygon Founder Announces POL: Massive Technical Upgrade to MATIC
Polygon Matic token migration to Pol along with the Polygon ZkEVM release. How will this effect the tokenomics? Bullish or bearish?
Polygon - MATIC to POL Transition - Supernets, Zero Knowledge Proofs, and Governance
How heavy are ur bags? Can u handle?
Concerns About MATIC's Future
State of Polygon Q2 2023 [summary, so you don't have to read the full report]
Polygon SubNet Architecture Analysis: How Polygon plans to scale out
Polygon SubNet Architecture Analysis: How Polygon plans to scale out
The modular Revolution in the Ethereum ecosystem
You Can Earn Passive Crypto Income Validating for Polygon
Clarification: What Happens to MATIC When Polygon Upgrades to Version 2 with a New Token, POL
Polygon (MATIC) Prepares for Token Migration Amid SEC Scrutiny: Price Implications?
Polygon 2.0 New POL Token to Replace MATIC
Polygon Labs Unveils ‘Hyperproductive’ Token POL, Poised to Replace MATIC and Boost Ecosystem Rewards – Altcoins Bitcoin News
Polygon’s MATIC is getting a makeover: Founders release white paper for POL
Polygon will soon be replacing MATIC with a new and improved token holding the ticker POL
Polygon Proposes Token Switch From MATIC to POL for More Utility
Polygon Proposes Token Switch From MATIC to POL for More Utility
Polygon proposes upgrading MATIC tokens to become POL
Polygon Proposes Token Switch From MATIC to POL
Polygon to Launch POL Token in Latest Network Upgrade
VOX2.0 (Vox Finance 2.0) LIVE on Arbitrum 300k real market cap / Staking and Yield-farming platform with 3 years of experience in crypto APRs over 4,000% Join the next 100x gem now
Stake Protocol | Pinksale Fair Launch | We combine the best elements of Titano, Drip and Olympus Dao | Defi Lottery - Huge Earns | Faucet and Rebase Rewards up 3% Daily utilizing our unique Net Elastic Rebase Depletion (NERD) Protocol | Audited & KYC by Pinksale
Introducing $ESG - A Decentralized Ecosystem For Social Impact
👑 MidasDAO - New DeFI👑! Stealthily launched 📈 Insane high APY 🚀 Chart goin to MOON 🚀 Rebase every 8 hours - earn money by staking 🔥 Buy CROWN at a EXTRA discount thanks to MINTING 🔥 Trending on almost all sites! Top on CoinCost!
⚔️TemplarDAO⚔️ ($TEM) | ✅ Listed On CG/CMC | ROI 23%🚀| APY 350m% 🔥 | $8m MCAP | OhmFork on BSC 💎 | Giveaway🎁 | Frog Nation Supporter🐸
⚔️TemplarDAO⚔️ ($TEM) | ROI 24%🚀| APY 600m% 🔥 | $5m MCAP | Ohmfork on BSC 💎 | Treasury-Reverse Protocol 🐸 | Yields Goes to Holders!🏆
Decentralized Finance 3.0+: The Path To A New Financial System
⚔️TemplarDAO⚔️ ($TEM) | ROI 16%🚀 | APY 2.5m% 🔥 | $2.5m MCAP | OHMFORK on BSC 💎 | Weekly Buybacks 🚀| Treasury Yields Goes to Holders!🏆
⚔️🛡TemplarDAO🛡⚔️ $TEM | Best Ohmfork on bsc | ✅Listed on CG / CMC | ROI 16%🚀| APY 3.2m% 🔥 | $2.5m Mcap
⚔️TemplarDao ($TEM) | ohmfork on bsc | Earn Rebase rewards | Roi 16%| Apy 3.5m% | ⭐️BIG News soon | $2.5m mcap
Breaking down 'to good to be true' Defi rates – where's the money from, is it sustainable, and what's the catch?
: 155,241,000,131.700% APY 4x Rebase Rewards Event - | Templar DAO $TEM | BSC | 500 holders | 4 days old | Fair Launch | 2M$ MCap
Mentions
Exactly. As the largest market cap of the L2 tokens, POL has the most to gain.
So if it's in an exchange like Coinbase Matic will automatically make that switch to POL coin?
MATIC/POL. Not particular reason but i like the smooth transactions and the low fees. I also collect RCA and they are also on polygon network.
This is why I like Polygon PoS. Great for use and the Discord communities that use it like it when MATIC/POL price stays low.
I'm happy with MATIC/POL being cheap. I use Polygon PoS more than every other blockchain combined, and that keeps gas fees cheap. It's a utility token.
https://forum.polygon.technology/c/polygon-improvement-proposals/pips/81 Look for the ones related to POL and Polygon 2.0
It's already active. You can already use the contract to swap MATIC for POL, but I wouldn't recommend it since most dApps still use MATIC.
When POL token will be effective ?
It is already migrating to POL, which has 1-2% tail emissions.
MATIC is migrating to POL, which has an annual 1-2% inflation for validator rewards and ecosystem support. A good reminder that projects can easily cancel their supply cap once they run out.
I think you will stake POL to get coins dropped into your wallet because POL will secure multiple new project that will connected across various chains and those coins will be airdropped
I still don’t understand airdrops lol but yea it would be nice if POL would just stay over $1
Deflation-wise: The Protocol Owned Liquidity held by the DAO generates yield in the form of SALT - a default 45% of the SALT rewards received from this POL are burned. Also, expedited unstaking of xSALT results in users losing a portion of their original staked SALT. The lost portion of their SALT is then burned. Me: I'm originally a mobile app developer - who has created and developed in-house mobile apps which have had more than 30 million downloads. In crypto I previously wrote some private arbitrage and trading bots, and also created an NFT project called 200 Keys - the focus of which is collaborative creativity.
MATIC switching to POL to get declassified as a security. Even without that I m bulish based on how much I use it
I don't know about Hackathons, but these are the projects most developers are excited about: New: Ordinals, Runes on Ordinals, SEI, TIA, Eigan Layer, Blast (not out yet) Still going strong: ETH, SOL, AVAX, POL/MATIC On the fence: ADA, ICP Honorable mention: Kaspa. Kaspa has no smart contracts yet, but will absolutely explode when it does. It has the second most active mining community behind bitcoin itself.
Of that group, I'd only hold MATIC. But I'd definitely be reading up on MATIC's conversion to POL so I had a sense of what is happening.
ETH and POL will both work as gas on all AggLayer chains. I’m not sure about how it works if AVAX (for example) were to join the network. I think then you could use AVAX for gas anywhere on Polygon but I’m not 100% on that.
Interesting info, I googled it and found opposite Tweets like here : *Also, the maximum supply of POL will be 10 billion, just like MATIC, and the swap will be in a 1:1 ratio.* [*https://twitter.com/wiseadvicesumit/status/1718156770961743984*](https://twitter.com/wiseadvicesumit/status/1718156770961743984) But on Coinmarketcap, POLS actually does not show value on max supply. I'm confused, did I miss newer update ?
Polygon fucked up big moving to POL, they removed max supply and increased total supply, anyone still riding it will get diluted. Don't hold long term.
Does anyone know when the MATIC to POL conversion is supposed to occur?
Does anyone know when the MATIC to POL migration is supposed to occur?
Completely different fundamental purposes: * MATIC/POL is a utility commodity used for gas and for trading. * ARB and OP are governance tokens.
Polygon PoS: yes. 80% of the projects I interact with use it. I couldn't care less about the MATIC/POL token, but the sidechain itself it's vital to Ethereum.
Thanks for sharing this. I just migrated to POL :)
Their is a scam POL contract going around even with its own medium. This is the only offical pol contract and link to polygons X.0x455e53CBB86018Ac2B8092FdCd39d8444aFFC3F6 https://twitter.com/0xPolygonLabs/status/1717134336104038580?t=7pUmzE3Falm5pXgvTputNw&s=19
When I made the post, all I had read was one article about the polygon network upgrade in 2023 which created a new token for proof of liquidity called POL. This token WILL replace MATIC over the next 4 years. The article made it clear that self-custody MATIC holders would LOSE MATIC if they didn't convert via smart contract over the next 4 years. People here. Provided documentation that MATIC will continue to be the native token on polygon until the conversion is complete. Also that exchanges will automatically convert the tokens for us. Now I have no more concerns as I do not use self-custody wallets for anything other than transfers.
So my existing MATIC will be swapped to the new POL?
POLYGON updated the network creating a new token POL it is exchangeable but useless as of now. They are still using MATIC for smart contracts, transactions and such.
With this change, the gas fees are gonna be a lot cheaper for POL, right?
You really don’t have to do anything. MATIC will be convertible 4 years or more when the upgrade finally happens. Also, you can be sure almost all major exchanges will do this conversion for you or provide a means to do it for free when that happens. https://polygon.technology/blog/polygon-2-0-tokenomics Polygon PoS still uses matic for gas, staking to secure Polygon PoS also uses matic and until the upgrade, POL is kinda useless. The migration smart contract on ethereum even allows you to reverse the conversion or “unmigrate” as the function is aptly named. POL token: https://etherscan.io/token/0x455e53CBB86018Ac2B8092FdCd39d8444aFFC3F6 Migration contract: https://etherscan.io/address/0x29e7df7b6a1b2b07b731457f499e1696c60e2c4e TLDR: there’s no rush to convert, and POL is kinda pointless until the upgrade.
Thanks I was about to ask if we can even make transactions with POL yet.
It's too early to switch. I'd wait another several months. Most smart contracts and dApps still only support MATIC, not POL. If you're converting this early, you're going to end up shooting yourself in the foot.
Algorand has never failed any transactions, transactions are fast, and it has really low gas fees but the ecosystem kinda sucks. Polygon has a decent ecosystem, fast transactions, affordable gas fees but it has that upcoming migration to POL (Polygon 2.0) that will make it a coin with unlimited inflation and no cap. Ethereum Classic has moderately fast transactions (not too slow, not fast) but I've had alot of transactions get stuck in a "pending" loop and eventually time out or say transaction failed and I still got charged gas fees for failed transactions. Ethereum is notorious for high gas fees that only whales can afford during peak times. Solana is fast and cheap but has been known to have outages before and might be a bit too centralized if an outage can take out the whole blockchain.
> if users are forced to use centralized L2s. Luckily that won't be the case. Rollups and validiums are very centralized at the moment, but all are working towards decentralization as time goes on. It seems almost inevitable that L2 tokens such as ARB, OP and POL will end up being used as collateral for the operation of sequencers and proposers, and rollups like zkSync that don't yet have tokens will surely deploy one and follow this model as well. Fraud proofs will be permissionless, probably even to the point where multiple different clients are available to generate them in the same way that different clients can be used for Ethereum validators. We aren't there yet, but that is where development efforts are focused.
DOT, POL (matic), ADA, XRP
Thanks for the info although I now believe it’s either an error on the website* or it is like this until the migration from MATIC to POL happens. Either way I filled my bags. *If you go to the website and choose POL, and then look at the indicator “Emission: Token released to circulation within a selected period of time(Your local timezone).” Then choose 1 month and you will see inflation: 21.93% of circulating supply.
The new POL system has an annual inflation rate of 2% per year.1% going to the validators.and 1% to the Treasury. Anything other than that is an individual APY from that protocol. But the actual token will now have a static 2%
Price action has been comparatively weird. Had that run earlier and we still haven’t come close to that local high. We’re off the local low, but haven’t had much momentum. In terms of fundamentals, some gaming projects have left and gone to AVAX. The switch to POL has been confusing and there has been a lot of scam messaging around it. And honestly, there isn’t too much exciting happening in their DeFi ecosystem. I’m just holding my MATIC as stMATIC and can’t find anything better to do with it.
Thoughts on MATIC for this cycle? It does look like they’ve formed so many partnerships. But the conversion to POL is kinda concerning
Just keep the MATIC (soon to be POL) :)
Is MATIC being converted to POL?
The whole POL migration thing is confusing to would be investors. Is MATIC getting sunset?
I recommend reading up on MATIC and POL for yourself.
There's plenty of other projects with legitimate use cases, but still almost no one knows about them yet. Their main function for now is within their own systems though, not as speculative assets. But VET, BAT, OPCT, NANO, SC, XRP, XLM, HBAR and MATIC/POL all have legitimate projects with legitimate use cases.
Bullish on MATIC, but not renaming it, “POL”when the token is upgraded to Polyon 2.0.
Hello guys, I have been reading abot the necessity of swaping your MATIC for POL by sending them to the new POL contract. The thing is that I can't find where the fuck is this swapping contract. Anyone knows?
It will rival POL, not Matic.
Quick question guys. Do you need to do anything if you hold MATIC on the polygon network ? In anticipation for the new POL token.
Add in some DOT, POL (aka MATIC), & XRP.
I think POL will do very well during the next bull. I keep weekly auto purchases for it just rolling.
Matic->POL transition, I presume.
POL is the new matic rebranded token. So maybe they are adding the contract and all those tokens to the polygon network and it’s taking up all the bandwidth?
>Why? Because these coins have shown at least 2 cycles or more that they follow the parabolic moves of the market when btc and eth skyrocket. Does this not apply to a multitude of coins? Above that, coins that are more "established" than those that you have mentioned? What about ADA, LINK, POL etc. ?
Good advice! I think BTC and ETH are safe buys, and I am hoping MATIC (POL) will get closer to its ATH of $2.92 and beyond during the next bull-run. My average is at about $0.89 so I am getting closer! It’s all about getting in at a low price point and I am doing that consistently. Hopium is a strong drug..
When are they changing it to POL? And why lol?
POL is worth buying because it's a jack-of-all-trades and fits several possible narratives.
Love Matic. 2nd bag after BTC. Better get used to calling it POL 😉
MATIC (POL) about to crack $0.8
I think Matic will be, especially after it’s 2.0 POL upgrade
Do we need to switch MATIC for POL yet?
DOT, ADA, MATIC (soon to be POL), OP
It overcame my Eth the last few months when I read more into the POL 2.0 upgrade
Is there going to be a POL token on the Polygon network aswell? As the fees on Ethereum are still higher than most would like.
4 years is a lot of time so it is nice. Enough time to make good tutorials on how to do it in every scenario. For example, staking MATIC, do you need to unstake and convert it to POL or it is done automatically?
I'll just wait for the POL tokens to hit a major exchange and do a sell of MATIC and a buy of POL with the funds. Choosing MATIC as a token name for POLYGON in the first place was pretty dumb, but it's their brand now. I don't know why they're bothering to change.
tldr; Polygon has deployed new token contracts for its POL token on Ethereum. The POL token will replace the network's current MATIC token, and MATIC holders will have four years to migrate their holdings. The POL token is expected to play a critical role in the network's wider upgrade and will allow users to stake their holdings across multiple compatible chains. Polygon is also planning to move its PoS chain to a zkRollup and introduce a new interoperability standard for its various chains. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.
It was originally called Matic Network and then rebranded to Polygon but they kept the ticker of MATIC. I think POL rebranding is a good move. the 1% is used to fund dev stuffs. Seems okay to me.
BTC and ETH are what the mains should be in your portfolio. If you were to venture outside of this into alts, it would be MATIC (soon to be POL), DOT, and maybe ADA. I’d say not to bother with XRP, but do your own research. Safe bet for alts right now is MATIC. Again, do your own research, but you can’t go wrong sticking to the big two: BTC and ETH.
Yeah I'm gonna wait for matic to change to POL and if that all goes well, I'll buy in
True POL could go either way, I'm hoping up though
You could swing trade MATIC to POL before dumping your bag. Might be good profits
No, I've been holding MATIC for 2-3 years. I've bought some matic just because I'm using polygon ecosystem, adding liquidity on defi, buying selling nfts etc. It is not much, just 3% of my crypto portfolio. Btw, they're going to update the network and launch another token (POL) in the future, you should check it out before investing: [https://polygon.technology/blog/polygon-2-0-tokenomics](https://polygon.technology/blog/polygon-2-0-tokenomics). The network was great because it was too cheap and fast. It is still cheap but sometimes my transactions are failing, it is not stable nowadays.
Just a heads up though, MATIC staking is done via Ethereum network - so it's probably not worth it if you only have a small amount due to ETH gas fees. I wonder if this will change in the future when the upgrade to POL takes place
It's gonna be POL with their zkrollup update so I'm gonna say hopefully it does a 3-4x in the bullrun
We're gonna have to get used to calling it POL by next bull run!
I reckon that'll go well this bullrun, although it'll be POL by then
I never knew it was GON tbh, but yeah Matic is changing to POL by the end of the year
Really? It’s gone from GON to MATIC to POL?
Same sentiment, excited for the POL coin!
Well if I was to tag the cons is that despite the tech there aren't actually much dapps going on there Other than that, the transition to zkrollup MATIC to POL will be something to look forward to
I have an ongoing long position open on MATIC and I have zero idea what to do about it. If MATIC to POL is 1:1 then in theory the price should move in tandem in theory... That's my hope at least.
I think POL will have an infinite supply.
Is 93% of MATIC in circulation already (from 10 billion)? Will the new POL token be also capped or uncapped?
Yea. Looks like im need some matic in my life, or should i say POL. I still have ONE and ROSE hanging around probably gonna swap them out.
On polygon lol. Maybe that's why they're rebranding it to POL.
Will matic still be relevant with POL?
If Arb or OP manages their coins and ecosystem properly yeah I'm most bullish for MATIC and I believe it's gonna get bigger when they transition to POL with zkrollup tech
I've been accumulating MATIC Gonna have to get used to calling it POL some day
Their networks are fantastic scaling solutions, but I'm not sold on their token. But for something new, they are the ones worth looking into. Potential future tokens might include Starknet, Taiko, ZKSync Oh and MATIC is undergoing significant developments and will upgrade into POL - that could be a worthy investment too Plenty of things to fill your time researching!
That's weird. I guess POLY was already used or something but makes sense. MATIC was already a weird ticker for em from when it first started so I guess POL is more inline with their name tho.
Changing from the sidechain MATIC to layer 2 POL, polygon 2.0 in a sense
Matic is rebranding to POL soon 1:1 ratio
Changing to POL soon that'll be interesting