⚠️Polygon announces the launch of the new POL token on the Goerli Testnet and presents three key governance proposals related to the future mainnet launch.
🔁POL is designed to replace MATIC as the native token of the Polygon ecosystem. Details of the transition have been proposed in PIP-17, PIP-19 and PIP-25.
📉MATIC has underperformed the market in 2023, but the CoinCodex algorithm expects a significant rise now that a 1:1 transition from MATIC to POL has been revealed.
🚀POL launches on Goerli, and three key governance proposals detail the transition from MATIC to POL on mainnet.
📜PIP-17, PIP-19 and PIP-25 are the key governance proposals related to the network transition to POL on Polygon Mainnet.
🔄PIP-17 proposes to mint 10 billion POL tokens, representing a 1:1 migration of MATIC. POL will be used to better facilitate the transfer of value on the Polygon 2.0 layer 2 blockchain network.
🔧PIP-19 proposes to make POL the native token for gas rates on the Polygon blockchain, replacing a core feature of MATIC.
📈PIP-25 proposes doubling the number of POL tokens minted during the launch of the mainnet contract, from 10 billion to 20 billion, with the goal of sending the additional tokens directly to the MATIC burn address.
🔮CoinCodex price prediction algorithm expects new all-time highs for MATIC in 2024, despite poor performance during 2023.
🔁POL is designed to replace MATIC as the native token of the Polygon ecosystem. Details of the transition have been proposed in PIP-17, PIP-19 and PIP-25.
📉MATIC has underperformed the market in 2023, but the CoinCodex algorithm expects a significant rise now that a 1:1 transition from MATIC to POL has been revealed.
🚀POL launches on Goerli, and three key governance proposals detail the transition from MATIC to POL on mainnet.
📜PIP-17, PIP-19 and PIP-25 are the key governance proposals related to the network transition to POL on Polygon Mainnet.
🔄PIP-17 proposes to mint 10 billion POL tokens, representing a 1:1 migration of MATIC. POL will be used to better facilitate the transfer of value on the Polygon 2.0 layer 2 blockchain network.
🔧PIP-19 proposes to make POL the native token for gas rates on the Polygon blockchain, replacing a core feature of MATIC.
📈PIP-25 proposes doubling the number of POL tokens minted during the launch of the mainnet contract, from 10 billion to 20 billion, with the goal of sending the additional tokens directly to the MATIC burn address.
🔮CoinCodex price prediction algorithm expects new all-time highs for MATIC in 2024, despite poor performance during 2023.