Polygon(Matic) is now POL - page 2. | Bitcointalksearch.org

ibuddy122505

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Quote from: shawonngp on September 09, 2024, 09:54:41 AM

When ticker change will be completed? my Matic is hold on binance exchange still not swap to Pol, I dont know about other centralized exchanges. But I see most of top exchanges disabled Matic trading pair and open Pol trading pair but only Binance still not stop Matic trading pair. Pol and Matic pirce is same no price changes, so what is this advantages of this token upgrade .

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).

Binance will delist MATIC on September 9th(this is the day) and switch to POL. There's nothing you need to do; your wallet will automatically update with the new coin. MATIC holders should just be aware of this change. And that's what i've read.

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Quote from: naira on September 01, 2024, 03:43:21 PM

Quote from: gunhell16 on August 30, 2024, 01:25:51 AM

Quote from: TastyChillySauce00 on August 29, 2024, 07:52:09 PM

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?

User balances on centralized exchanges holding Matic are temporarily frozen until the ticker change process is fully completed. The Matic network or now POL has nothing new. They are experiencing a decline in investor interest because there is not much of an updated ecosystem that they present, even some tokens on the POL network have not moved much in price.

When ticker change will be completed? my Matic is hold on binance exchange still not swap to Pol, I dont know about other centralized exchanges. But I see most of top exchanges disabled Matic trading pair and open Pol trading pair but only Binance still not stop Matic trading pair. Pol and Matic pirce is same no price changes, so what is this advantages of this token upgrade .

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Quote from: hugeblack on September 02, 2024, 01:13:42 AM

I think L2 has many more uses than just reducing fees. For example, decentralized exchanges, NFTs, games, and many things that are not considered transactions should be there. Here, the fees will be constantly low with the possibility of being able to be scalable in unnecessary directions.

Or we can rather say that they are an alternative because they don't reduce the fees for the other coins but it was them that has a cheaper fee. Not just there is a 'possibility' of them being scalable but they are really scalable. This is one of their advantages.

Quote from: ?? on ??

Ethereum bought or will buy Polygon in the nearest future

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.

batang_bitcoin

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Quote from: FortuneFollower on September 03, 2024, 05:31:11 AM

Quote from: ?? on ??

Ethereum bought or will buy Polygon in the nearest future

Why do you think so? Grin

Because it will be on ETHs mainnet, I think that's the reason for him. And if that's possible, it should have been done long ago when Polygon wasn't that big yet. But I think on its current state, it's quite big already and it's been noticed globally and the market share that it has got is quite good enough. Anyway, this is the crypto market we've seen acquisitions after acquisitions. And for a big crypto to purchase another project is possible but I don't think that it will happen anyway. As for this update[1] of Polygon, it's now live.

[1] MATIC to POL Migration Is Now Live. Everything You Need to Know.

Quote from: https://polygon.technology/blog/matic-to-pol-migration-is-now-live-everything-you-need-to-know

For users with MATIC on Ethereum, the Polygon Portal interface provides a 1:1 migration: https://portal.polygon.technology/pol-upgrade

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Quote from: ?? on ??

Ethereum bought or will buy Polygon in the nearest future

Why do you think so? Grin

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Quote from: hugeblack on September 02, 2024, 01:13:42 AM

I think L2 has many more uses than just reducing fees. For example, decentralized exchanges, NFTs, games, and many things that are not considered transactions should be there. Here, the fees will be constantly low with the possibility of being able to be scalable in unnecessary directions.

Let's not forget about L3s. It's the next big thing. Layers built on top of other layers. Just like how the Internet works today. Even Sony built its own L2 network on top of the Ethereum blockchain. Highly-scalable L1s like Solana and BSC might need L2s if they get plagued by network congestion. There's no such thing as "infinite scalability", though. If developers want to keep the main chain decentralized, moving certain transactions off-chain (L2) would be the way to go.

I think Polygon will still be relevant in the future. It's already fast, cheap, and highly-compatible with the EVM. It's even better than separate L2 solutions such as Arbitrum and Optimism. I've read that developers will be integrating ZKPs on the Polygon chain. It will make Polygon more scalable and private. The change from MATIC to POL is only a rebranding. But if the project keeps innovating, it might reach the top someday. Who knows if POL goes as far as surpassing SOL in market cap?

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Quote from: hugeblack on September 02, 2024, 01:13:42 AM

Quote from: logfiles on August 30, 2024, 06:58:46 PM

Quote from: hugeblack on August 30, 2024, 04:23:54 AM

Rebranding is a last resort if the token fails to rise, but if POL does not gain traction and popularity in the coming months, Polygon(Matic) will perform poorly during the current bull market.

I doubt if things will ever be the same again

Apparent the Ethereum gas fees have been dropping for a while so there will be no point of these layer 2 in the long run. Moreover, there are also very competitive layer 1 blockchains to Ethereum, such as Solana.

I think L2 has many more uses than just reducing fees. For example, decentralized exchanges, NFTs, games, and many things that are not considered transactions should be there. Here, the fees will be constantly low with the possibility of being able to be scalable in unnecessary directions.

There would be backup scalability of sorts put in place, whereas we don't see such in ETH itself Grin

Only time will tell how L2's will go through changes like that.

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Quote from: logfiles on August 30, 2024, 06:58:46 PM

Quote from: hugeblack on August 30, 2024, 04:23:54 AM

Rebranding is a last resort if the token fails to rise, but if POL does not gain traction and popularity in the coming months, Polygon(Matic) will perform poorly during the current bull market.

I doubt if things will ever be the same again

Apparent the Ethereum gas fees have been dropping for a while so there will be no point of these layer 2 in the long run. Moreover, there are also very competitive layer 1 blockchains to Ethereum, such as Solana.

I think L2 has many more uses than just reducing fees. For example, decentralized exchanges, NFTs, games, and many things that are not considered transactions should be there. Here, the fees will be constantly low with the possibility of being able to be scalable in unnecessary directions.

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Quote from: naira on September 01, 2024, 03:43:21 PM

User balances on centralized exchanges holding Matic are temporarily frozen until the ticker change process is fully completed. The Matic network or now POL has nothing new. They are experiencing a decline in investor interest because there is not much of an updated ecosystem that they present, even some tokens on the POL network have not moved much in price.

being the oldest L2 is rough when other exchange already implementing such groundbreaking technology that put them far ahead compared to polygon.
the newest chain got the benefit of just copying existing feature since pretty much the feature is being published and is open source so it only requires little tinkering while also have the leisure time to grow additional features.
but I think the L2 market as a whole is already having decline of investors, so the fault isn't completely on the polygon side.

people are more interested in new blockchain that actually matters, these L2 no matter how good they are, always become the side dish of the main blockchain which is L1 and people finally realizes that L2 are created every week.

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Quote from: justdimin on August 31, 2024, 11:31:25 PM

Quote from: batang_bitcoin on August 29, 2024, 09:21:12 AM

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.

I feel like Matic is still matic and this one is a different thing? Am I mistaking it, someone can make it more clear and explain to us what is going on but at the moment I feel like this is just a token at the eth main chain and it is what Matic is using for the token and the movements in and out. Of course, I could also be wrong and that is understandable but that doesn't mean that we are going to see a ton of differences, this seems like a good enough situation without a doubt.

Yes, there's still matic because the upgrade is not yet completed. All of the explanations are there on the links that I've placed on the first post. They're making POL as a staking token and why they're making this upgrade. I also don't get it why they're on the ETH chain when they can make their own mainnet with this upgrade but maybe that's going to happen with their next update and it is for them to answer that soon. But for the meantime, those are the placed answers that they have why this is happening.

Quote from: justdimin on August 31, 2024, 11:31:25 PM

The reality is that even if the whole name changed, or if the name matic stayed but this is something else, in either case we need more information to make a decision about it, I believe I am right but lets see what happens first before we make a move.

I agree, everyone got used to matic already and now during this run they're changing it. And yes, we have to wait what will happen next.

I also agree with everyone's thought that there's not that much going to change with this upgrade regarding its price and it seems that the community doesn't like it but we can't do anything with that and we'll have to wait for its impact until it's completed.

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Quote from: hugeblack on August 30, 2024, 04:23:54 AM

Rebranding is a last resort if the token fails to rise, but if POL does not gain traction and popularity in the coming months, Polygon(Matic) will perform poorly during the current bull market.

Aside from the ticker change, I don't think there are any major changes to Poloygon's infrastructure or ecosystem so I don't we'll see any major price action to the upwards unless the market goes full parabolic in the last 4 months of the year. Fingers crossed but the rebrand I'm actually betting on is FTM to S (Fantom to Sonic).

I won't be surprised if Polygon team intentionally delayed ticker change for years as last resort just like you said because they changed protocol name many years ago from "Matic network" to Polygon network but came the "MATIC" ticker for years.

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Quote from: gunhell16 on August 30, 2024, 01:25:51 AM

Quote from: TastyChillySauce00 on August 29, 2024, 07:52:09 PM

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?

User balances on centralized exchanges holding Matic are temporarily frozen until the ticker change process is fully completed. The Matic network or now POL has nothing new. They are experiencing a decline in investor interest because there is not much of an updated ecosystem that they present, even some tokens on the POL network have not moved much in price.

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I got an alert from my exchange about this. That is interesting but I can’t say I’m knowledgeable enough about the situation to know why it is necessary and how it affects things like NFTs on the (old?) chain. I played a bit on the Sandbox and earned some SAND and NFTs for example, so I guess I’ll have to learn how it effects those projects.

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Quote from: logfiles on August 30, 2024, 06:58:46 PM

I doubt if things will ever be the same again

Apparent the Ethereum gas fees have been dropping for a while so there will be no point of these layer 2 in the long run. Moreover, there are also very competitive layer 1 blockchains to Ethereum, such as Solana.

ETH gas fees won't stay low forever. Especially with the hype surrounding NFTs, "meme" tokens, and whatnot. Consider this as an opportunity to take advantage of low costs, before it's too late. L2s will always be necessary to help keep up with daily usage. Whenever the main blockchain network becomes congested, L2s will be there to save the day.

Polygon's move from MATIC to POL is no big change. It's just a marketing technique. The rebranding might help attract new investors into the project. But the hype will quickly fade away, as the majority are focused on faster chains such as Solana and BSC. Not even Polkadot had any success with "Polkadot 2.0". The chain with the largest ecosystem of dApps, tokens, and services will remain "King" forever. Don't expect ETH to lose ground anytime soon. Let's carry on, shall we? Cheesy

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Quote from: TastyChillySauce00 on August 29, 2024, 07:52:09 PM

..

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

The Kucoin article is somewhat clickbait and the same time effective, but all info regarding the "delist" can be read on the article content explaining everything about the migration. But yeah, it's really confusing especially to new users and first time hearing these news.

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Quote from: TastyChillySauce00 on August 29, 2024, 07:52:09 PM

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.

Right it's very confusing, i was confused and i sold my Matic token it's was panic sell when I see binance announced delist Matic i sold instant with loss.
If Pol is still not created and to swap matic still a few days left now how Pol is live and trading in several exchanges, Pol price is higher than Matic.

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Quote from: hugeblack on August 30, 2024, 04:23:54 AM

Rebranding is a last resort if the token fails to rise, but if POL does not gain traction and popularity in the coming months, Polygon(Matic) will perform poorly during the current bull market.

I tend to agree the more confusing it is for the mass amount of people to follow the harder the price will be to see it climb. When somebody doesn't understand the backend of what is happening and feel too nervous they won't put their money in it. I haven't followed for a little bit bit but I kmwo the last couple years that team has done so.e pretty cool stuff with the project.

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Quote from: batang_bitcoin on August 29, 2024, 09:21:12 AM

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.

I feel like Matic is still matic and this one is a different thing? Am I mistaking it, someone can make it more clear and explain to us what is going on but at the moment I feel like this is just a token at the eth main chain and it is what Matic is using for the token and the movements in and out. Of course, I could also be wrong and that is understandable but that doesn't mean that we are going to see a ton of differences, this seems like a good enough situation without a doubt.

The reality is that even if the whole name changed, or if the name matic stayed but this is something else, in either case we need more information to make a decision about it, I believe I am right but lets see what happens first before we make a move.

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Quote from: gunhell16 on August 30, 2024, 01:25:51 AM

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?

They will swap it to POL at some point, binance and other exchanges planned to do that, but the confusing part is POL has been in the market for quite sometime, so there are two token that polygon is having, MATIC and POL. while POL in this case got additional feature such as restaking and ZK technology but it has low liquidity meanwhile MATIC which deemed inferior to POL still has significantly more liquidity than POL

it's 500k USD 24h volume vs $250 million 24h volume. the dev planned POL to replace MATIC in 4 years, but since the process is a really long process, I think there will be many turbulences caused by the migration and also confusions. at least this is my understanding.

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Quote from: hugeblack on August 30, 2024, 04:23:54 AM

Rebranding is a last resort if the token fails to rise, but if POL does not gain traction and popularity in the coming months, Polygon(Matic) will perform poorly during the current bull market.

I doubt if things will ever be the same again

Apparent the Ethereum gas fees have been dropping for a while so there will be no point of these layer 2 in the long run. Moreover, there are also very competitive layer 1 blockchains to Ethereum, such as Solana.

Topic: Polygon(Matic) is now POL - page 2. (Read 570 times)