Post
Topic
Board Altcoin Discussion
Re: Polygon(Matic) is now POL
by
batang_bitcoin
on 01/09/2024, 22:58:33 UTC
Polygon is going through some upgrades that you prolly missing and might be surprised from matic became POL for its acronym.
I'll quote the important parts of this upgrade but you're free to read the entire article for your reference which is also included on this thread.
I feel like Matic is still matic and this one is a different thing? Am I mistaking it, someone can make it more clear and explain to us what is going on but at the moment I feel like this is just a token at the eth main chain and it is what Matic is using for the token and the movements in and out. Of course, I could also be wrong and that is understandable but that doesn't mean that we are going to see a ton of differences, this seems like a good enough situation without a doubt.
Yes, there's still matic because the upgrade is not yet completed. All of the explanations are there on the links that I've placed on the first post. They're making POL as a staking token and why they're making this upgrade. I also don't get it why they're on the ETH chain when they can make their own mainnet with this upgrade but maybe that's going to happen with their next update and it is for them to answer that soon. But for the meantime, those are the placed answers that they have why this is happening.

The reality is that even if the whole name changed, or if the name matic stayed but this is something else, in either case we need more information to make a decision about it, I believe I am right but lets see what happens first before we make a move.
I agree, everyone got used to matic already and now during this run they're changing it. And yes, we have to wait what will happen next.

I also agree with everyone's thought that there's not that much going to change with this upgrade regarding its price and it seems that the community doesn't like it but we can't do anything with that and we'll have to wait for its impact until it's completed.