Post
Topic
Board Altcoin Discussion
Re: Polygon(Matic) is now POL
by
TastyChillySauce00
on 31/08/2024, 02:17:41 UTC
So what about the investors who have MATIC holdings?? Will it be converted to POL from the old version name Matic? Why did they change it? Is it because it is closer to the word "polygon"? Am I right? So they should remove the matic from the listing now, right?
They will swap it to POL at some point, binance and other exchanges planned to do that, but the confusing part is POL has been in the market for quite sometime, so there are two token that polygon is having, MATIC and POL. while POL in this case got additional feature such as restaking and ZK technology but it has low liquidity meanwhile MATIC which deemed inferior to POL still has significantly more liquidity than POL



it's 500k USD liquidity vs $250 million liquidity. the dev planned POL to replace MATIC in 4 years, but since the process is a really long process, I think there will be many turbulences caused by the migration and also confusions.