- In line with Polygon's founders, the anticipated Layer 2 blockchain improve will happen this yr.
- After the improve, Polygon will change from MATIC to POL as its native token.
- Polygon’s founder mentioned that POL shall be a multi-chain extremely productive token.
In line with Sandeep Nailwal, founding father of Polygon, the anticipated improve of layer 2 blockchain will happen this yr. The improve provides options comparable to altering the native token ticker from his MATIC to POL in Polygon.
In a just lately uploaded video, Nailwal defined the options of the upcoming POL token. In line with him, POL shall be a multi-chain token and by its nature he believes will probably be related to the blockchain ecosystem. He identified that the tokenomics constructed into POL ensures 1% annual inflation.
Nailwal additional defined that POL inflation was deliberately launched to incentivize validators. He believes such incentives will inspire individuals to keep up community validation and safety. He identified that POL has 1% funding put aside for the expansion of the ecosystem.
Citing the competitors within the blockchain trade, Nailwal identified that almost all protocols arrive with new tokens and huge ecosystem treasuries. Nevertheless, he believes this innovation will make Polygon extra aggressive within the blockchain trade.
In the meantime, the Polygon founder identified that POL has a re-staking mechanism, making it a extremely productive third-generation token. He described POL's excessive productiveness because the token's capacity to take part in operating a number of chains and performing different capabilities, together with offering knowledge availability providers.
In line with Nailwal, POL token holders can present proof providers to a number of chains for varied different use circumstances. He identified that it overcomes the restrictions of blockchains like Bitcoin and Ethereum.
Contemplating the rewards, the founder defined that POL presents a number of income channels for customers. He identified that holders can earn underlying yields and earn rewards from chain-wide transaction charges by offering several types of providers.
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