Polygon Labs introduces revolutionary token pole - potential to replace MATIC and promote growth in the polygon network

Polygon Labs introduces revolutionary token pole - potential to replace MATIC and promote growth in the polygon network

Polygon Labs recently introduced an innovative token called POL that has the potential to replace the current native cryptocurrency Matic in the polygon ecosystem. This revolutionary digital token of the 3rd generation offers a variety of advantages for validers and users.

On July 13, 2023, Polygon Labs was introduced after a group of polygon founders and researchers published a white paper that describes the potential of Pol, the successor of Matic and play an important role in the polygon network.

pole differs from other tokens by its remarkable properties, in particular its ability to validate several blockchains. This attracts more validators that can receive additional rewards from certain polygon chains. These additional incentives can include different tokens such as pole, stable coins or native tokens.

A great advantage of pole is that stakers can not only collect rewards in pole, but also in other polygon networks. This offers the participants exciting opportunities for active participation in the ecosystem and promotes a living community of Validiers and users.

To make the transition from Matic to Pol, Polygon Labs has developed a simple process. Users who want to upgrade can easily send their MATIC token to a Smart Contract provided that automatically returns a corresponding amount of pole. This ensures a smooth and problem -free transition for everyone involved.

To support the acceptance of pole, Polygon Labs recommends a minimum exchange period of four years in which Matic owners can exchange their tokens for pole. This enables the polygon community to accept the new token at its own pace and to ensure seamless integration of the "hyper-productive" pole currency.

polygon is a cryptocurrency, known as Matic and a technology platform that combines and grows different blockchain networks. The platform works closely with the Ethereum blockchain and enables projects that build on Ethereum, connect and interact. Polygon offers a more flexible, more scalable and independent blockchain ecosystem and at the same time benefits from the security and compatibility of Ethereum blockchain.

The introduction of polygon labs marks a revolutionary milestone for the polygon blockchain network. As a token of the 3rd generation, pole has the potential to replace Matic as a native cryptocurrency and to reduce a new era of possibilities in the polygon ecosystem. The "hyperproductive" nature of pole enables validists to earn rewards from staking and collect rewards of polygon chains, which leads to a collaborative community. The user-friendly upgrade process, which enables Matic owners to seamlessly exchange their tokens for pole, underlines the engagement of polygon labs for simplicity and inclination.