● MATIC token will change to POL ● Some users will have to take action before 4 September
The migration comes as a part of Polygon’s planned revamp laid out last year in its “Polygon 2.0” roadmap. The change was initially proposed in July 2023 to its community, and would make POL the main token for all Polygon networks.
Polygon Labs, the main developer firm behind the layer-2 network Polygon, said Wednesday that it will be performing the technical upgrade that swaps out its MATIC token for its new POL token starting on Sept. 4.
The migration comes as a part of Polygon’s planned revamp laid out last year in its “Polygon 2.0” roadmap. The change was initially proposed in July 2023 to its community, and would make POL the main token for all Polygon networks.
According to the Polygon team, MATIC holders on the Polygon PoS chain won’t have to do anything for this upgrade and their tokens will show up in POL.
For those using MATIC on Polygon’s zkEVM rollup, on centralized exchanges, or on the Ethereum blockchain, they will need to go through various steps, Polygon detailed in their blog post.
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