{"id":30987,"date":"2023-10-25T12:11:15","date_gmt":"2023-10-25T12:11:15","guid":{"rendered":"https:\/\/coingrafter.com\/index.php\/2023\/10\/25\/polygons-pol-token-contracts-goes-live-on-ethereum\/"},"modified":"2023-10-25T12:11:15","modified_gmt":"2023-10-25T12:11:15","slug":"polygons-pol-token-contracts-goes-live-on-ethereum","status":"publish","type":"post","link":"https:\/\/coingrafter.com\/index.php\/2023\/10\/25\/polygons-pol-token-contracts-goes-live-on-ethereum\/","title":{"rendered":"Polygon’s POL Token Contracts Goes Live On Ethereum"},"content":{"rendered":"

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Polygon Labs on Wednesday introduced that the POL token improve is now stay on the Ethereum mainnet as a part of the Polygon 2.0 roadmap. The POL token will exchange the MATIC token as Polygon\u2019s next-generation hyperproductive ecosystem which incorporates the principle Polygon blockchain, the Polygon zkEVM community, and numerous supernets.<\/p>\n

POL Token Contacts Is Live On Ethereum Mainnet<\/h2>\n

Polygon Labs in a press release<\/a> on October 25 revealed that POL token improve is now stay on the Ethereum mainnet. As a part of the Polygon 2.0 roadmap, the brand new POL token will exchange the MATIC token because the ecosystem\u2019s native token.<\/p>\n

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\u201cToday marks a major milestone on the Polygon 2.0 journey toward building the Value Layer of the Internet. The upgrade to POL has been initiated on Ethereum mainnet, after months of development, community consultation and a successful testnet launch.\u201d<\/p>\n<\/blockquote>\n

POL token will energy all Polygon networks \u2014 the principle Polygon blockchain, the Polygon zkEVM community, and numerous supernets.<\/p>\n

POL improve additionally prepares for the subsequent milestones within the Polygon 2.0 roadmap. It contains the launch of a brand new staking layer to energy Polygon L2, improve Polygon PoS to zkRollup, and implement a complicated, ZK-powered interoperability and shared liquidity protocol.<\/p>\n

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Also Read: Judge Torres Terminates Ripple Vs SEC Hearings, Orders New Deadline<\/a><\/strong><\/p>\n

Polygon Plan To Switch From MATIC To POL<\/h2>\n

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In September, Polygon initiated the migration of MATIC to POL token with the discharge of three Polygon Improvement Proposals (PIPs). PIP-18 had Phase 0 plans to construct a community of interconnected zero knowledge-powered L2 chains that scale Ethereum to the scale of the Internet.<\/p>\n

It will make important adjustments together with\u00a0upgrades from MATIC to POL token<\/a>\u00a0because the native token for Polygon PoS and staking token for Polygon PoS.<\/p>\n

MATIC value jumped 21% in per week, with the value presently buying and selling at $0.62. The value is down 4% previously 24 hours.<\/p>\n

Also Read: Binance Set Up HKVAEX To Gain Crypto License In Hong Kong<\/a><\/strong><\/p>\n

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