In a recent development, Polygon Labs has unveiled a proposal to upgrade its native token, MATIC, to a new token called POL. The announcement, made through a blog post, introduces POL as a next generation protocol token that aims to become a major driving force for the coordination and growth of the ecosystem, positioning it as the Value Layer of the Internet.
POL's main features include:
1️⃣ Controlled inflation: Tokenomics ensure prudent inflation management, protecting the long term value of the token.
2️⃣ Commission burn: A portion of the commissions generated will be burned, reducing the supply and potentially increasing the value of the token.
3️⃣ Unlimited Supply: POL will have no supply limits, ensuring continuous accessibility.
4️⃣ Unlimited Scalability: Thanks to the powerful Polygon network, POL will be able to handle unprecedented transaction volumes, while keeping costs low.
5️⃣ Unified Liquidity: POL's ecosystem will be integrated with several decentralized platforms, ensuring a smooth and seamless experience for users.
