A significant development is unfolding in the crypto world. Matic coin, which has long powered the Polygon network, is now giving way to POL coin. This transition is part of the 2.0 roadmap that is shaping the future of Polygon. Here’s what you need to know about this major transformation:
What Should Matic Holders Do?
For Matic coin holders, the good news is that there is no need for manual action during this transition. Matic assets on the Polygon PoS network will automatically be converted to POL coins at a 1:1 ratio. This means 1 Matic will be swapped for 1 POL, ensuring a seamless process without impacting users’ existing assets.
What is POL Coin, and How Does it Differ from Matic?
POL retains Matic’s current structure and its 10 billion token supply. However, it’s more than just a name change. POL plays a crucial role in strengthening Polygon’s ecosystem. It will be central to Polygon 2.0, actively participating in core features like staking, community ownership, and governance.
When Did the Transition Take Place?
The transition from Matic to POL was completed on September 10, 2024. As of this date, tokens in Matic holders’ wallets were updated to POL, and no further action was required from users.
What is the Purpose of This Change?
This transformation aims to make the Polygon ecosystem more flexible and scalable. POL coin should not be seen as just a token swap but as the foundation of the innovative infrastructure of Polygon 2.0. This step is designed to boost both the technical capacity of Polygon and its ability to reach a wider user base.
The transition from Matic to POL marks a significant milestone for the Polygon network. This innovation is seen as a key step in contributing to Polygon’s future growth and development. However, it is important to remember that crypto investments always carry risks. Therefore, it’s crucial to conduct your own research and understand the risks before investing.
With Polygon 2.0, a new chapter is opening in the crypto world, and POL coin will play a leading role in this process.
#MATIC #POL #Polygon #PolygonNetwork #dyor

Ethereum co-founder is selling millions worth of ETH.
Many Web3 users call him a Scammer, but in reality...
Let Me Explain...
Vitalik Buterin has been called SCAMMER last days...
This FUD is caused by his huge $ETH sales.
But what's true, and did Vitalik really sell $1B worth of ETH?

1/➱ Who is Vitalik?

He is a coder and co-founder of Ethereum.
He learned about BTC from his father at 17, which flipped his life around.

2/➱ First crypto interaction (2011)

He became involved with crypto early on its start, co-founding Bitcoin Magazine.
Bitcoin Magazine has been influential in the crypto space, providing insights and fostering discussions about the future of digital currencies.

3/➱ Idea of Ether (2013)

Buterin realized that the Bitcoin blockchain had limited functionality for building dApps.
This year, he proposed Ethereum, a blockchain with a built-in Solidity language that would allow devs to create smart contracts.

4/➱ Ether ICO (2014)

The Ethereum ICO started on July 20.
The initial price of ETH was set at approximately $0.3 per ETH.
During ICO, 60M $ETH were sold to early investors, totaling ~66.5% of the supply.
The ICO raised ~$18M making it one of the largest of its time.

5/➱ Ethereum launch (2015)

Ethereum officially launched its first version, "Frontier," on July 30.
This minimal release was aimed at developers for testing and building.
It provided foundational infrastructure for ETH network and enabled experimentation with smart contracts.

His Wealth

Vitalik Buterin became wealthy from his early role in creating Ethereum, earning a lot of $ETH at the start.
As the value of $ETH increased, his wealth grew a lot over time.
Right now his net worth is valued from $530M to $600M.

Recent FUD

FUD around Vitalik started from his $2M worth of $ETH sale.
Some accused him of negatively impacting $ETH price by selling large amounts of it.
One particular complaint was that Buterin avoided discussing these sales with the community.
He recently responded, explaining that these sales have been solely for funding projects he believes are valuable.
He clarified that these sales were not for personal gain but to support initiatives he finds important.
Also, he stated he will no longer invest in other projects, including Layer 2 tokens, to avoid conflicts of interest.
All funds from ETH sales will continue funding public goods like Ethereum projects and charitable causes, ensuring no personal profit.
FUDing the dev of a token with $270B MC for selling $2M worth of it, is just absurd.
Nowadays, the media is trying to cancel the most influential people in crypto, like Durov, CZ, and now Vitalik.
All I can say is filter out what info you receive and think with your own head.

#ETH #Cryptohustle #VitalikButerin #dyor #Ethereum