Coinbase, a major US crypto exchange, is now supporting Polygon’s new token, POL. This follows the highly anticipated rebranding of the original MATIC token.
What’s the Deal with POL?
POL is the new native token for the Polygon ecosystem, designed to boost the network’s growth and interoperability. It will replace MATIC as the primary token for staking and gas fees.
Why the Change?
The change to POL is part of Polygon’s shift towards a more interconnected network. This means that different layers of the Polygon ecosystem will be able to work together seamlessly, sharing liquidity and resources.
Coinbase’s Take
Coinbase has added POL to its platform with an “experimental” label, meaning it could be volatile and have low trading volume. This is a common practice for new tokens.
What’s Next for POL?
The future of POL is still being determined. The Polygon community will decide on any potential expansions of its use cases.
Current Price
POL is currently trading at $0.37, down 4% in the last 24 hours.
Disclaimer:
This information is for educational purposes only and should not be considered investment advice. Always do your own research before making any investment decisions. /p>
