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Author Topic: Polygon(Matic) is now POL  (Read 559 times)
TastyChillySauce00
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September 25, 2024, 06:42:18 AM
 #41

I am also holding Matic coins on OK exchange and unfortunately it is not tradeable now which I am failing to understand why is so as migration to POL was supposed to be supported by all major exchanges. The Matic team should come forward and explain all these confusions, However, despite all these issues I am quite confident about positive impact of this migration on Matic price in the long term.

yeah the only turn off of this migration is the long process and migration and it's not even seamless  Roll Eyes.

it seems however the migration in the bigger exchange has proceeded successfully, it's just that in lesser known exchange it might take sometime.



the volume has finally migrated to POL and matic is nowhere to be seen. just wait it out I guess, since every exchange have different pace in taking care of the migration as it seems.

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September 25, 2024, 07:59:40 AM
 #42


I am also holding Matic coins on OK exchange and unfortunately it is not tradeable now which I am failing to understand why is so as migration to POL was supposed to be supported by all major exchanges. The Matic team should come forward and explain all these confusions, However, despite all these issues I am quite confident about positive impact of this migration on Matic price in the long term.

In the development of trading in the crypto market, many are influenced by various factors, as well as matic, I think in the long term there will definitely be an increase that meets hope, making it a choice for investors even though there are problems, at least it does not hinder movement in the future.

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September 25, 2024, 11:08:22 AM
 #43

Polygon is going through some upgrades that you prolly missing and might be surprised from matic became POL for its acronym.
I'll quote the important parts of this upgrade but you're free to read the entire article for your reference which is also included on this thread.


It was a historic event where Matic was rebranded to POL which is a multi-chain ecosystem. The goal of this change was to enhance utility of its token, and allowing it to secure and power multi-chain based polygon networks. I have held holding significant amount of Matic coins now converted to POL, for many years hoping good return on my investment Given the fact that Polygon is a popular network with one of the lowest transaction fees chain. I am optimistic, that addition of new features to its ecosystem, POL will perform now and potentially make all time high (ATH) in the next anticipated bullish market.

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September 25, 2024, 12:12:22 PM
 #44

yeah the only turn off of this migration is the long process and migration and it's not even seamless  Roll Eyes.


true, It was temporarily lost in the wallet on one of the exchanges that I usually store during the transition period, but after I confirmed with their exchange CS, my matic token was not lost and would be automatically swabbed by the exchange with the same number of tokens and it turned out to be exactly as stated a few days later matic changed its name to POL in my wallet.

If before the announcement was published if there were also users who sold it earlier, I think it would be even better, meaning the money could be used to buy other cheap ones and after there was a profit, just buy the POL again.

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September 25, 2024, 12:39:47 PM
 #45


I am also holding Matic coins on OK exchange and unfortunately it is not tradeable now which I am failing to understand why is so as migration to POL was supposed to be supported by all major exchanges. The Matic team should come forward and explain all these confusions, However, despite all these issues I am quite confident about positive impact of this migration on Matic price in the long term.

In the development of trading in the crypto market, many are influenced by various factors, as well as matic, I think in the long term there will definitely be an increase that meets hope, making it a choice for investors even though there are problems, at least it does not hinder movement in the future.

I think something really impressive in hype / shill / innovation should happen with the new MATIC (POL) for it to take what was lost due to migration Grin But that's my opinion.
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September 26, 2024, 07:51:25 AM
 #46

The migration seem to be just the change in name. I don't find any difference prior to being MATIC or now POL. They do provide some technical jargon but the real experience is not much different. The fees are are similar or more than other L2s and there's not much new things happening on the network. It's also a matter of hype but also of the technology involved that increases the speed and decreases the price. The hype war is being led by TON while technologically newer L2 like zksync, manta, Injective EVM seem to impress me.

Apparently, Polygon 2.0 (which changed from MATIC to POL) turned into a new kind of ZK-based chain (as in Zero Knowledge Proofs). Totally revolutionary, imo. If I'm right, that means Polygon will get higher scalability benefits with added privacy. Sort of what zksync does. I agree that all of the hype is on TON these days. But it won't last for long. Especially when Telegram's founder and CEO agreed to provide IP addresses and other personal information to the authorities upon request. The end of an era for privacy on Telegram, I'm afraid. If that's going to be the case with the instant messaging platform, what can you tell me about it's own Blockchain network (TON)? It'll probably do the same in the long run.

Polygon has better privacy and direct compatibility with the EVM. That's its main selling point. Someday people will notice its true benefits and drive market prices all the way to the moon. One can only imagine how high POL will go. Just buy, "hodl", and forget about the rest. Wink

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September 26, 2024, 09:10:47 AM
 #47

The migration seem to be just the change in name. I don't find any difference prior to being MATIC or now POL. They do provide some technical jargon but the real experience is not much different. The fees are are similar or more than other L2s and there's not much new things happening on the network. It's also a matter of hype but also of the technology involved that increases the speed and decreases the price. The hype war is being led by TON while technologically newer L2 like zksync, manta, Injective EVM seem to impress me.

Apparently, Polygon 2.0 (which changed from MATIC to POL) turned into a new kind of ZK-based chain (as in Zero Knowledge Proofs). Totally revolutionary, imo. If I'm right, that means Polygon will get higher scalability benefits with added privacy. Sort of what zksync does. I agree that all of the hype is on TON these days. But it won't last for long. Especially when Telegram's founder and CEO agreed to provide IP addresses and other personal information to the authorities upon request. The end of an era for privacy on Telegram, I'm afraid. If that's going to be the case with the instant messaging platform, what can you tell me about it's own Blockchain network (TON)? It'll probably do the same in the long run.

Polygon has better privacy and direct compatibility with the EVM. That's its main selling point. Someday people will notice its true benefits and drive market prices all the way to the moon. One can only imagine how high POL will go. Just buy, "hodl", and forget about the rest. Wink

Sounds good, just like what I would do with any other coin with the potential Grin
Though I am curious to read into it, I do think they have papers of sorts to read and dig your mind into.
TON is there to stay, in my opinion, though, after the mini-apps, the hype will die down around it.
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