What is Polygon Ecosystem Token (POL)?
The major upgrade from MATIC to POL is a major step forward for the Polygon Ecosystem towards Polygon 2.0. The transition has been completed with a 1:1 exchange ratio, meaning that all MATIC holders will receive the same amount of POL.
The Polygon Ecosystem’s announced Polygon 2.0 roadmap, the upgrade to POL expands its monetization potential and usability beyond MATIC. Previously, MATIC’s primary revenue stream came from gas and staking, but POL will add additional revenue streams, including:
- Staking to secure data availability: POL holders can earn fees by staking to ensure that data is available and verifiable in a decentralized system.
- Decentralizing a sequencer: This could involve using POL to help decentralize the process of sequencing transactions in the system, such as rollups, to generate revenue through fees during processing.
Whitepaper: https://whitepaper.io/document/646/polygon-whitepaper
Website: https://polygon.technology/
