| General information | |
|---|---|
| Global rank: | 31 |
| Name: |
POL (ex-MATIC) |
| Symbol: | POL |
| Current coin price (ZAR): | 7.51 R |
| Last hour: | arrow_upward0.870 % |
| Last 24 hours: | arrow_downward-4.04 % |
| Last 7 days: | -0.560 %trending_down |
| Capitalisation (ZAR): | 55 546 340 979.42 R |
| Volume 24h (ZAR): | 1 764 210 980.10 R |
| Available supply: | 7 393 325 182.00 POL |
| Total coin supply: | -1 POL |
| Start date: | 2022-10-25 |
POL (ex-MATIC)/South African Rand (POL/ZAR) price chart
POL (ex-MATIC)/South African Rand (POL/ZAR) capitalisation and volume charts
The Polygon Ecosystem Token (POL) is the new native token of the Polygon ecosystem. It is designed to gradually replace the current MATIC token over 4 years, as part of Polygon 2.0. Polygon 2.0 is an evolution of Polygon into a zkEVM validium with its own network of interoperable application-specific blockchains.
POL is designed for use in a wide range of activities and purposes within the Polygon ecosystem. It is being integrated into the core operations of major Polygon products and applications in the ecosystem. POL comes with added utility including restaking, where validators can restake their POL tokens to secure other chains in the Polygon supernet and earn additional rewards. It is also used for governance and gas, in addition to other utilities that will accompany the expanding Polygon ecosystem.
The POL token is a product of the Polygon development team and its community. Polygon co-founder Sandeep Nailwal has been involved in the evolution of the ecosystem and the transition from MATIC to POL.