Polygon Ecosystem Token POL

1. Summary

Ranks

Liquidity

91

Developer

63

Social

100

Momentum (beta)

31

Stack Rank™

54

Price

$0.51 +2.7%

Market Cap

$115.75M (#354)

Supply

222.89M / 10.21B

Tags

Smart Contracts Ethereum Ecosystem Layer 2 (L2)

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Price
52W High price	$1.27
52W High date	14th Mar 2024 (4 months ago)
All Time High (ATH) Date	13th Mar 2024 (4 months ago)
ATH Price	$1.29
% From ATH	-60.96%
All Time Low (ATL) Date	5th Jul 2024 (3 weeks ago)
ATL Price	$0.43
% From ATL	16.16%

Supply & Trading Volume
Trading Volume (24h)	$420,485.00
Total Supply	10.21B
Circulating Supply	222.89M

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Description

Polygon Ecosystem Token (POL)

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Polygon Ecosystem Token (POL)

Polygon Ecosystem Token (POL) is the upgraded native token of the Polygon 2.0 protocol. This token is designed to become the major tool for coordination and growth within the Polygon ecosystem, with the long-term goal of creating the Value Layer of the Internet. The POL token is intended to improve Polygon’s infrastructure, ensuring exponential scalability without sacrificing security and user experience.

Key Features

• Ecosystem Security: POL introduces a highly decentralized pool of PoS (Proof-of-Stake) validators, enhancing the security and resilience of every Polygon chain.
• Infinite Scalability: The token supports exponential growth and mass adoption of the Polygon ecosystem.
• Ecosystem Support: POL offers a sustainable mechanism to support the ecosystem and the industry through continuous token emission and a self-sustainable ecosystem fund, the Community Treasury.
• No Friction: POL is designed to avoid introducing friction in the user and developer experience, unlike other blockchain protocols.
• Community Ownership: The token is meant to be utilized in governance frameworks, allowing holders to participate in decision-making processes and vote on proposals influencing the network’s direction.

Migration

The upgrade from MATIC to POL requires a simple technical action – sending MATIC to the upgrade smart contract, which will automatically return the equivalent amount of POL. Token holders will be given ample time to migrate, ensuring a seamless transition.

Supply and Utility

• Total Supply: 10 billion POL, with a yearly emission rate of 2% equally distributed between stakers and the Community Treasury.
• Circulating Supply: Varied, dependent on migration and market activity.
• Utility: Includes staking, governance, and access to exclusive services within the Polygon ecosystem.

POL's design aims to address the free rider problem in open-source projects and provide a sustainable mechanism for supporting the ecosystem and industry growth. The token's functionality and continuous emission ensure that the Polygon ecosystem will have enough resources for development, research, grants, and adoption incentives.

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