Polygon's migration from its longstanding MATIC token to the new POL token is aimed at enhancing flexibility in token issuance and supporting the platform's evolving ecosystem.
The planned switchover is crucial as it marks a significant step in Polygon's '2.0' roadmap, with POL becoming the native token of its main chain and future chains.
According to Polygon, POL will dive into various functionalities, including block generation and participation in Data Availability Committees, enhancing its use within the ecosystem.
This community-driven upgrade represents a pivotal transformation point for Polygon, with broader implications for its operations and tokenomics, including updated emission rates for POL.
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