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Topic: Polygon(Matic) is now POL (Read 570 times)

copper member
Activity: 168
Merit: 4
September 26, 2024, 04:10:47 AM
#47
The migration seem to be just the change in name. I don't find any difference prior to being MATIC or now POL. They do provide some technical jargon but the real experience is not much different. The fees are are similar or more than other L2s and there's not much new things happening on the network. It's also a matter of hype but also of the technology involved that increases the speed and decreases the price. The hype war is being led by TON while technologically newer L2 like zksync, manta, Injective EVM seem to impress me.

Apparently, Polygon 2.0 (which changed from MATIC to POL) turned into a new kind of ZK-based chain (as in Zero Knowledge Proofs). Totally revolutionary, imo. If I'm right, that means Polygon will get higher scalability benefits with added privacy. Sort of what zksync does. I agree that all of the hype is on TON these days. But it won't last for long. Especially when Telegram's founder and CEO agreed to provide IP addresses and other personal information to the authorities upon request. The end of an era for privacy on Telegram, I'm afraid. If that's going to be the case with the instant messaging platform, what can you tell me about it's own Blockchain network (TON)? It'll probably do the same in the long run.

Polygon has better privacy and direct compatibility with the EVM. That's its main selling point. Someday people will notice its true benefits and drive market prices all the way to the moon. One can only imagine how high POL will go. Just buy, "hodl", and forget about the rest. Wink

Sounds good, just like what I would do with any other coin with the potential Grin
Though I am curious to read into it, I do think they have papers of sorts to read and dig your mind into.
TON is there to stay, in my opinion, though, after the mini-apps, the hype will die down around it.
legendary
Activity: 3220
Merit: 1363
www.Crypto.Games: Multiple coins, multiple games
September 26, 2024, 02:51:25 AM
#46
The migration seem to be just the change in name. I don't find any difference prior to being MATIC or now POL. They do provide some technical jargon but the real experience is not much different. The fees are are similar or more than other L2s and there's not much new things happening on the network. It's also a matter of hype but also of the technology involved that increases the speed and decreases the price. The hype war is being led by TON while technologically newer L2 like zksync, manta, Injective EVM seem to impress me.

Apparently, Polygon 2.0 (which changed from MATIC to POL) turned into a new kind of ZK-based chain (as in Zero Knowledge Proofs). Totally revolutionary, imo. If I'm right, that means Polygon will get higher scalability benefits with added privacy. Sort of what zksync does. I agree that all of the hype is on TON these days. But it won't last for long. Especially when Telegram's founder and CEO agreed to provide IP addresses and other personal information to the authorities upon request. The end of an era for privacy on Telegram, I'm afraid. If that's going to be the case with the instant messaging platform, what can you tell me about it's own Blockchain network (TON)? It'll probably do the same in the long run.

Polygon has better privacy and direct compatibility with the EVM. That's its main selling point. Someday people will notice its true benefits and drive market prices all the way to the moon. One can only imagine how high POL will go. Just buy, "hodl", and forget about the rest. Wink
jr. member
Activity: 70
Merit: 1
September 25, 2024, 07:39:47 AM
#45

I am also holding Matic coins on OK exchange and unfortunately it is not tradeable now which I am failing to understand why is so as migration to POL was supposed to be supported by all major exchanges. The Matic team should come forward and explain all these confusions, However, despite all these issues I am quite confident about positive impact of this migration on Matic price in the long term.

In the development of trading in the crypto market, many are influenced by various factors, as well as matic, I think in the long term there will definitely be an increase that meets hope, making it a choice for investors even though there are problems, at least it does not hinder movement in the future.

I think something really impressive in hype / shill / innovation should happen with the new MATIC (POL) for it to take what was lost due to migration Grin But that's my opinion.
sr. member
Activity: 1624
Merit: 341
Buzz App - Spin wheel, farm rewards
September 25, 2024, 07:12:22 AM
#44
yeah the only turn off of this migration is the long process and migration and it's not even seamless  Roll Eyes.


true, It was temporarily lost in the wallet on one of the exchanges that I usually store during the transition period, but after I confirmed with their exchange CS, my matic token was not lost and would be automatically swabbed by the exchange with the same number of tokens and it turned out to be exactly as stated a few days later matic changed its name to POL in my wallet.

If before the announcement was published if there were also users who sold it earlier, I think it would be even better, meaning the money could be used to buy other cheap ones and after there was a profit, just buy the POL again.
copper member
Activity: 1316
Merit: 715
Eloncoin.org - Mars, here we come!
September 25, 2024, 06:08:22 AM
#43
Polygon is going through some upgrades that you prolly missing and might be surprised from matic became POL for its acronym.
I'll quote the important parts of this upgrade but you're free to read the entire article for your reference which is also included on this thread.


It was a historic event where Matic was rebranded to POL which is a multi-chain ecosystem. The goal of this change was to enhance utility of its token, and allowing it to secure and power multi-chain based polygon networks. I have held holding significant amount of Matic coins now converted to POL, for many years hoping good return on my investment Given the fact that Polygon is a popular network with one of the lowest transaction fees chain. I am optimistic, that addition of new features to its ecosystem, POL will perform now and potentially make all time high (ATH) in the next anticipated bullish market.
member
Activity: 176
Merit: 34
SOL.BIOKRIPT.COM
September 25, 2024, 02:59:40 AM
#42

I am also holding Matic coins on OK exchange and unfortunately it is not tradeable now which I am failing to understand why is so as migration to POL was supposed to be supported by all major exchanges. The Matic team should come forward and explain all these confusions, However, despite all these issues I am quite confident about positive impact of this migration on Matic price in the long term.

In the development of trading in the crypto market, many are influenced by various factors, as well as matic, I think in the long term there will definitely be an increase that meets hope, making it a choice for investors even though there are problems, at least it does not hinder movement in the future.
legendary
Activity: 3010
Merit: 1028
Leading Crypto Sports Betting & Casino Platform
September 25, 2024, 01:42:18 AM
#41
I am also holding Matic coins on OK exchange and unfortunately it is not tradeable now which I am failing to understand why is so as migration to POL was supposed to be supported by all major exchanges. The Matic team should come forward and explain all these confusions, However, despite all these issues I am quite confident about positive impact of this migration on Matic price in the long term.

yeah the only turn off of this migration is the long process and migration and it's not even seamless  Roll Eyes.

it seems however the migration in the bigger exchange has proceeded successfully, it's just that in lesser known exchange it might take sometime.



the volume has finally migrated to POL and matic is nowhere to be seen. just wait it out I guess, since every exchange have different pace in taking care of the migration as it seems.
jr. member
Activity: 70
Merit: 1
September 25, 2024, 12:54:17 AM
#40
The migration seem to be just the change in name. I don't find any difference prior to being MATIC or now POL. They do provide some technical jargon but the real experience is not much different. The fees are are similar or more than other L2s and there's not much new things happening on the network. It's also a matter of hype but also of the technology involved that increases the speed and decreases the price. The hype war is being led by TON while technologically newer L2 like zksync, manta, Injective EVM seem to impress me.

Yep, due to mini-apps TON is now on the hype train, and I agree, there may be many jargon about what was done on the POL, but as I've seen on this thread, experience didn't change - that - much to the point that it was worth it to do the rebrand.
Only time will tell how it will go.
sr. member
Activity: 1932
Merit: 300
Vave.com - Crypto Casino
September 24, 2024, 11:11:13 PM
#39
altcoins has long become VC playground literally most of projects nowadays exist because VC funding otherwise the founder won't even bother creating projects, it's always money that they're after, this is why sometime people consider altcoin to be just VC coin and I think it's no different with this acquisition if it's really to be happening in the future.

that's why the true investment for crypto will always be bitcoin, even institutional investors know this and always put big chunk of money to bitcoin instead of diversifying to altcoins, they won't be buying things from altcoin because they know it's just VC's scheme.

And that's why 99% of altcoins are centralized. They're funded by VCs driven by their own interests. Do you think they'll support truly-decentralized projects with anonymous developers/founders? Of course not! It's why Bitcoin is so different from alts. The community has been maintaining it after Satoshi left the project. All without funding from the aforementioned entities (as far as I'm aware).

Polygon is no different from Ethereum and the others. It will put VCs' own interests above all else. This means sacrificing decentralization in favor of convenience (scalability). Despite the transition to POL, market prices have barely moved. All eyes are on BTC to reach a new ATH. Once it does, alts like POL and the likes will go to the moon. So there's that. With so many L2 projects built on ETH these days, I wonder if Polygon will have a future? Cheesy

The migration seem to be just the change in name. I don't find any difference prior to being MATIC or now POL. They do provide some technical jargon but the real experience is not much different. The fees are are similar or more than other L2s and there's not much new things happening on the network. It's also a matter of hype but also of the technology involved that increases the speed and decreases the price. The hype war is being led by TON while technologically newer L2 like zksync, manta, Injective EVM seem to impress me.
legendary
Activity: 3220
Merit: 1363
www.Crypto.Games: Multiple coins, multiple games
September 24, 2024, 09:01:12 PM
#38
altcoins has long become VC playground literally most of projects nowadays exist because VC funding otherwise the founder won't even bother creating projects, it's always money that they're after, this is why sometime people consider altcoin to be just VC coin and I think it's no different with this acquisition if it's really to be happening in the future.

that's why the true investment for crypto will always be bitcoin, even institutional investors know this and always put big chunk of money to bitcoin instead of diversifying to altcoins, they won't be buying things from altcoin because they know it's just VC's scheme.

And that's why 99% of altcoins are centralized. They're funded by VCs driven by their own interests. Do you think they'll support truly-decentralized projects with anonymous developers/founders? Of course not! It's why Bitcoin is so different from alts. The community has been maintaining it after Satoshi left the project. All without funding from the aforementioned entities (as far as I'm aware).

Polygon is no different from Ethereum and the others. It will put VCs' own interests above all else. This means sacrificing decentralization in favor of convenience (scalability). Despite the transition to POL, market prices have barely moved. All eyes are on BTC to reach a new ATH. Once it does, alts like POL and the likes will go to the moon. So there's that. With so many L2 projects built on ETH these days, I wonder if Polygon will have a future? Cheesy
full member
Activity: 856
Merit: 111
Buzz App - Spin wheel, farm rewards
September 22, 2024, 10:43:37 AM
#37
I have a huge amount of matic in one of my wallets. Do I have to do something to swap to the new token or I just have to chill and hope for an airdrop? I don't want to end up with a pile of useless tokens right now

I believe there is no issue with the Matic coin being held in wallet on polygon network as I have seen my own coin in my Metamask wallet have been successfully migrated to POL chain. However, I am also worried like you about my Matic coins in Bybit and OK exchanges accounts, where I an not able to trade or even withdraw them. The exchanges support teams along with Matic teams need to coordinate and resolve this pending issue once for ever , which is causing confusion among long term investors of Matiic coins.
Metamask upgraded Matic to POL on time but Trustwallet still not upgrade because i have seen my coins still showing in Matic network. But binance exchange completed migrated in POL and i got my coins. I don't why they delaying about migration in their wallet, a few days gone still they did not take any step of course it's confusing.
hero member
Activity: 3066
Merit: 536
Leading Crypto Sports Betting & Casino Platform
September 10, 2024, 07:20:05 PM
#36
I think no. Polygon or POL now must still be owned by the same team but may be yeah that they might be getting a buy offer because they are one of the best performing cryptos in this market and one of it might be ETH. I don't only think that POL will agree to it because like I said earlier, they are already doing well and are earning a great income. They can also earn more passive profits if they still have their project, than if they sell it and get one-time big-time amounts.

Anyway, my thoughts about Polygon is that it's great that they are continuing on improving their service to the public. This should give them another positive impression and can make their price rise more. I didn't really pay attention to what their update is all about but even if I do, I think I won't still understand it lol. The only thing that I can say is that it must be one of a kind that it leads them to change their name.

Isn't Polygon Labs a non-profit organization? Even if it was a company, the Ethereum Foundation is not. Since when crypto is all about companies? When you associate crypto with a CEO of a company, that's when you've forgotten about its true meaning. Crypto would be no different than traditional stocks. I'm afraid this is the way the industry is heading into. And we can all blame VCs and "Wall Street" for that. Polygon will still be Polygon no matter what. Assuming it stays true to the principles of decentralization and censorship-resistance.
altcoins has long become VC playground literally most of projects nowadays exist because VC funding otherwise the founder won't even bother creating projects, it's always money that they're after, this is why sometime people consider altcoin to be just VC coin and I think it's no different with this acquisition if it's really to be happening in the future.

that's why the true investment for crypto will always be bitcoin, even institutional investors know this and always put big chunk of money to bitcoin instead of diversifying to altcoins, they won't be buying things from altcoin because they know it's just VC's scheme.
sr. member
Activity: 1932
Merit: 300
Vave.com - Crypto Casino
September 10, 2024, 06:11:03 PM
#35
Been using Polygon for a while but didn't knew it changed its abbreviation. Most of the defi and dapps I use still use Matic so no confusion there. As of recently, the transactions on polygon have come to hault. Can't process any of transactions even when I use double the recommended fees. Not sure if its due to the migration or update. People uses Polygon as cheaper fee Defi coin. Staking my coins and creating LP are cheaper in Polygon than on any popular network. If they solve their ocassional transaction failure problem, they could get a good market share.
copper member
Activity: 1316
Merit: 715
Eloncoin.org - Mars, here we come!
September 10, 2024, 11:02:40 AM
#34
I have a huge amount of matic in one of my wallets. Do I have to do something to swap to the new token or I just have to chill and hope for an airdrop? I don't want to end up with a pile of useless tokens right now

I believe there is no issue with the Matic coin being held in wallet on polygon network as I have seen my own coin in my Metamask wallet have been successfully migrated to POL chain. However, I am also worried like you about my Matic coins in Bybit and OK exchanges accounts, where I an not able to trade or even withdraw them. The exchanges support teams along with Matic teams need to coordinate and resolve this pending issue once for ever , which is causing confusion among long term investors of Matiic coins.
copper member
Activity: 168
Merit: 4
September 10, 2024, 02:32:09 AM
#33
confusing rebranding in my honest opinion, both the ticker MATIC and POL still exist in CMC and both ticker have its own market with differing price (wtf?), there are many exchanges announcing delisting of MATIC and don't put additional effort to elaborate that it's not exactly delisting but just rebranding and switching ticker that it caused fear for the matic holder such as this headline Grin.



the polygon foundation should be better at explaining things, this long upgrade to POL is exhausting the holders and I personally find it annoying.
Not only kucoin but Binance and Matic are delisting.  Suddenly their decision has brought down the price of Matic a lot.  Such activity frustrates investors. And already many big investors have pulled out of Matic. I never support their activities and I will never be encouraged to invest in their POL tokens. It's really annoying when something like this is done to such a popular coin. And the desire to invest on that coin decreases

There will be a wave of going out, but with time, I think it will be forgotten, really.
Only time and effort from the team will tell if MATIC will do something that will get those who got discouraged - back.
sr. member
Activity: 546
Merit: 309
September 10, 2024, 02:30:15 AM
#32
confusing rebranding in my honest opinion, both the ticker MATIC and POL still exist in CMC and both ticker have its own market with differing price (wtf?), there are many exchanges announcing delisting of MATIC and don't put additional effort to elaborate that it's not exactly delisting but just rebranding and switching ticker that it caused fear for the matic holder such as this headline Grin.



the polygon foundation should be better at explaining things, this long upgrade to POL is exhausting the holders and I personally find it annoying.
Not only kucoin but Binance and Matic are delisting.  Suddenly their decision has brought down the price of Matic a lot.  Such activity frustrates investors. And already many big investors have pulled out of Matic. I never support their activities and I will never be encouraged to invest in their POL tokens. It's really annoying when something like this is done to such a popular coin. And the desire to invest on that coin decreases
copper member
Activity: 168
Merit: 4
September 10, 2024, 02:23:13 AM
#31
I have a huge amount of matic in one of my wallets. Do I have to do something to swap to the new token or I just have to chill and hope for an airdrop? I don't want to end up with a pile of useless tokens right now

As ibuddy said: "No need to panic—Binance will support the Polygon (MATIC) token swap to Polygon (POL). POL will replace MATIC, and the swap will be at a 1:1 ratio (1 MATIC = 1 POL)".

You don't need to do anything, as I got it.

It will be delisted.
newbie
Activity: 57
Merit: 0
September 10, 2024, 01:44:08 AM
#30
I have a huge amount of matic in one of my wallets. Do I have to do something to swap to the new token or I just have to chill and hope for an airdrop? I don't want to end up with a pile of useless tokens right now
copper member
Activity: 1316
Merit: 715
Eloncoin.org - Mars, here we come!
September 09, 2024, 07:25:37 PM
#29
confusing rebranding in my honest opinion, both the ticker MATIC and POL still exist in CMC and both ticker have its own market with differing price (wtf?), there are many exchanges announcing delisting of MATIC and don't put additional effort to elaborate that it's not exactly delisting but just rebranding and switching ticker that it caused fear for the matic holder such as this headline Grin.



the polygon foundation should be better at explaining things, this long upgrade to POL is exhausting the holders and I personally find it annoying.

So what about the investors who have MATIC holdings?? Will it be converted to POL from the old version name Matic? Why did they change it? Is it because it is closer to the word "polygon"? Am I right? So they should remove the matic from the listing now, right?

Oh, since this is POL now, and those who have matic holdings will probably automatically convert it to usdt or Polygon's POL ticker name itself. It is because so unfair if there is POL and Matic in the exchange, isn't right?

I am also holding Matic coins on OK exchange and unfortunately it is not tradeable now which I am failing to understand why is so as migration to POL was supposed to be supported by all major exchanges. The Matic team should come forward and explain all these confusions, However, despite all these issues I am quite confident about positive impact of this migration on Matic price in the long term.
legendary
Activity: 3220
Merit: 1363
www.Crypto.Games: Multiple coins, multiple games
September 09, 2024, 06:55:11 PM
#28
I think no. Polygon or POL now must still be owned by the same team but may be yeah that they might be getting a buy offer because they are one of the best performing cryptos in this market and one of it might be ETH. I don't only think that POL will agree to it because like I said earlier, they are already doing well and are earning a great income. They can also earn more passive profits if they still have their project, than if they sell it and get one-time big-time amounts.

Anyway, my thoughts about Polygon is that it's great that they are continuing on improving their service to the public. This should give them another positive impression and can make their price rise more. I didn't really pay attention to what their update is all about but even if I do, I think I won't still understand it lol. The only thing that I can say is that it must be one of a kind that it leads them to change their name.

Isn't Polygon Labs a non-profit organization? Even if it was a company, the Ethereum Foundation is not. Since when crypto is all about companies? When you associate crypto with a CEO of a company, that's when you've forgotten about its true meaning. Crypto would be no different than traditional stocks. I'm afraid this is the way the industry is heading into. And we can all blame VCs and "Wall Street" for that. Polygon will still be Polygon no matter what. Assuming it stays true to the principles of decentralization and censorship-resistance.

The transition from MATIC to POL is just a marketing strategy. Of course, there are some minor improvements for the chain. But the thing is, all of the attention is on Solana right now. Especially with all of the garbage "meme" coins and NFTs. Who cares about tech when there's money to be made with "shitcoins"? That's the harsh truth. I guess quality projects like Polygon and Polkadot will be overlooked by investors for long. ETH is lucky to be at the top of the altcoins market, especially when now it's a "centralized shitcoin". Only time will tell whenever POL will survive or not. Who knows what the future will bring? Cheesy
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