Polygon Prepares Big Improve, Switching From MATIC to Hyper-Productive POL

• Based on Polygon’s founder, the anticipated improve of the Layer-two blockchain will occur this 12 months.
• After upgrading, Polygon will swap from MATIC to POL as its native token.
• Polygon founder mentioned POL will likely be a multichain, hyper-productive token.

Based on Polygon Founder Sandeep Nailwal, the anticipated improve of the Layer-two blockchain will occur this 12 months. The improve would see Polygon change the ticker of its native token from MATIC to POL, amongst different options.

In a just lately uploaded video, Nailwal defined the traits of the upcoming POL token. Based on him, POL will likely be a multichain token, a high quality he thinks would make it related within the blockchain ecosystem. He famous that the inbuilt tokenomics of POL guarantee 1% inflation per 12 months.

Nailwal additional defined that POL’s inflation was a deliberate introduction to incentivize validators. He believes such incentivization would inspire them to maintain validating and securing the community. He famous that POL additionally has a 1% treasury reserved for rising the ecosystem.

Citing competitors within the blockchain trade, Nailwal famous that the majority protocols arrive with recent tokens and huge ecosystem treasuries. Nevertheless, he believes the innovation would support Polygon’s competitiveness within the blockchain trade. 

In the meantime, the Polygon founder famous that POL comes with a re-staking mechanism, making it a third-generation hyper-productive token. He defined POL’s hyper-productivity because the token’s potential to allow participation in operating a number of chains and different features, together with offering information availability companies.

Based on Nailwal, POL token holders can present proving companies to a number of chains in varied different use circumstances. He famous that it overcomes the constraints of blockchains like Bitcoin and Ethereum. 

Contemplating rewards, the founder defined that POL gives a number of income channels to customers. He famous that it permits holders to earn the bottom quantity of yield and earn rewards from transaction charges throughout the chain by providing completely different sorts of companies.