matic: News of Polygon Ecosystem Token (POL) - August 2024 Price Update - 10% Breakout Crypto News and Analysis

Trade hard. Joy is coming

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Polygon announces the migration of $MATIC to $POL tokens on September will replace #MATIC as the native gas and staking token on the #Polygon PoS network and AggLayer.

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Polygon announces the migration of $MATIC to $POL tokens on September will replace #MATIC as the native gas and staking token on the #Polygon PoS network and AggLayer. POL will experience an annual emissions rate of 2%, with the ability to be adjusted by the community in the future This is self-sustaining fuel for Polygon, divided into two main categories: Validator rewards : To incentivize validators and ensure network security, 1% of the total POL supply will be allocated as staking rewards for validators. This is designed to encourage validator onboarding and retention by providing consistent rewards for their participation in securing the network.‍ Community Treasury : The other 1% of the POL emissions will be allocated to the Community Treasury. This fund is intended to support the development and growth of the Polygon ecosystem. The Community Treasury will be governed by the community and used for various initiatives such as protocol development, research, ecosystem grants, and adoption incentives

Full stack developer and a block chain specialist.

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There's a news that they migrated from matic to pol... CEX like Binance also posted the announcement

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Stand With Crypto in the UK announced pathnership with Polygon Labs creating a wider publicity about Pol as it's on stage of migration from matic and being their native coin This cause the sudden price spike

Owojori

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The price change is linked to the recent announcement of migration from matic to Pol which is self sustainable and aggregated network of Blockchain this migration will kick start by sept 4.. Major exchanges like binance are flaunty the news as well.

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