Polygon Labs proposes MATIC to pole: improved benefits, seamless conversion process and effects on the sustainability of the polygon ecosystem

Polygon Labs proposes MATIC to pole: improved benefits, seamless conversion process and effects on the sustainability of the polygon ecosystem
Polygon Labs has made the suggestion to replace his native token Matic with a new token called POL. This proposal is part of polygons roadmap 2.0, which aims to improve the platform and enable interoperability and multi-chain validation.
With the upgrade to Pol, the owners should be offered a higher benefit by becoming validators and can earn rewards in the polygon ecosystem. In contrast to non-productive tokens such as Bitcoin (BTC) or producer token such as Ethereum (ETH), POL is considered a hyper-productive token. This enables the validators to validate several chains at the same time and to take on different roles with corresponding rewards. This is intended to create incentives for an active participation of the token owners and promote a more robust and safer network.
The upgrade process is seamless and easy to carry out for the token owners. You must send your Matic to an updated smart contract, which automatically returns the corresponding amount to POL. This upgrade process has no deadline, token owners can update their tokens for at least four years.
If the proposal is accepted, Pol will serve as a uniform token for all polygon-based networks. This should consolidate the ecosystem and simplify the interactions. The validators can then support the operation of several chains with a single token.
With the upgrade, a Community treasury fairy is also introduced. Part of the pole emissions is distributed to ecosystem initiatives in order to promote the development of polygon-based projects. In addition, 1% of the Community Treasury Fee is used to reward the validators to encourage them to actively participate in securing the network.
polygon makes it clear that the proposal is not a direct reaction to regulatory events. The upgrade was already planned and is part of polygons Roadmap 2.0, which focuses on improving the platform and meeting the needs of users.
The proposal of polygon to update its native token is an important milestone in the development of the platform. It is expected that the upgrade will contribute to the growth of polygon by attracting more users and projects and at the same time building a sustainable future for blockchain technology.