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
.
the polygon foundation should be better at explaining things, this long upgrade to POL is exhausting the holders and I personally find it annoying.
I agree, they should give more info in detail to inform every user that there's an upgrade that's happening. It's on the go and it may take sometime for it to be completed.
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?
AFAIK, they'll be automatically converted and just wait wherever your matic is deposited. If it's on exchanges, I guess that you have nothing to do anymore as they'll be the one to update your holdings. And it makes more sense to name it into POL than matic so you're right. You're mostly right in all that you've asked. But let's wait for the other updates soon.
Now what about token holders in exchange and in there various wallet what do they do to ensure they don't have worthless coin with them, now already they had stirred up fear in the eyes of holders and those who already trading it on their various trading platform.
I think there should be a proper way to handle this than just entire changing their ticker to POL, where as other exchange delisting their MATIC, and i'm mean to say is there no professional way to handle this like not delist instead of rebranding and changing names where either every traders and holds receives automatic equivalents of what they are holding in their possession both in exchange and in their respective wallets. This is a good news but could stir up a huge dump in their coin since most the exchange delisting them.
It's best to check all of your emails with where your matic's are deposited. They'll surely give the updates info about whether to sell or hold or whatever instruction that they have to give to its users so that they won't miss out this upgrade or if there's something that the holders has to do.
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 agree, I think that they have put it on timing and will see if this is going to work for this bull run.