The Polygon Ecosystem Token (POL) is an upgrade from the existing MATIC token, forming part of the ambitious Polygon 2.0 roadmap. This transition is designed to significantly improve the network’s functionality, scalability, and infrastructure. POL will become integral to various network activities, such as enhancing security, facilitating governance, and enabling participation in validation processes.
One of the key features of POL is its role in network security through validator participation. Token holders can become validators by staking their POL tokens, which contributes to maintaining the network's integrity and preventing Sybil attacks. The staking process aligns the validators’ interests with the success of the ecosystem and includes punitive measures for any malicious behavior. Validators are rewarded with POL tokens through protocol emissions and transaction fees, offering incentives to support the network.
POL also introduces the ability to stake across multiple chains within the Polygon network, a concept known as multi-chain validation. This capability increases the network’s scalability by allowing validators to participate in securing multiple chains simultaneously. Validators can earn rewards not only from the core network but also from different chains, thus optimizing their returns and reinforcing network security.
In terms of governance, POL is designed to empower token holders with the ability to influence the future of the Polygon ecosystem. Holders will have governance rights, allowing them to participate in important decisions related to network upgrades, ecosystem development, and funding initiatives. This community-driven governance model aligns with the broader goals of decentralization within the Polygon network.
POL is also structured to support the ongoing development of the ecosystem through a predefined emission rate. A portion of the tokens will fund a Community Treasury, which will play a vital role in financing protocol development, ecosystem grants, and adoption initiatives. This treasury is intended to create a self-sustaining model, ensuring the Polygon network remains competitive and continues to evolve.
The migration from MATIC to POL is set to begin in September 2024, with the supply of POL matching that of MATIC at 10 billion tokens, ensuring a seamless transition for users. This migration will not only maintain token compatibility but also introduce new utilities for POL. While POL may be used for gas fees on some Polygon chains, the exact implementation of this feature will depend on the preferences of each chain within the ecosystem.
Overall, POL is designed to be more than just a replacement for MATIC. It is a "hyperproductive" token, intended to facilitate a wide range of activities within the Polygon network, including securing the network, governing its future, and supporting its expansion. Through this upgrade, Polygon aims to position itself as a leading solution in the blockchain space, fostering greater scalability, security, and decentralization.
The fastest, most convenient way to purchase Polygon is to purchase it on ICONOMI. We check Polygon live prices on 10+ crypto exchanges and buy it at the best market price.
You can buy Polygon by adding it to your private Crypto Strategy (crypto portfolio). You can also use our recurring buy feature that tends to level out cryptocurrency price volatility effects. You can find out more about how to benefit from smaller investments at regular intervals on our blog article.
We recommend you do your own research and cryptocurrency analysis. Experienced crypto traders use fundamental and technical analysis to evaluate if Polygon is a good buy/sell. Fundamental and technical analyses are the two most common types of analysis used in trading traditional assets (e.g. stocks and bonds).
If you are unfamiliar with analyzing cryptocurrency prices and want to buy Polygon, we recommend you read the next section, as copying might be a better approach.
If you are not skilled at these, consider a different approach to investing in cryptocurrencies. You can learn from and copy seasoned crypto traders on ICONOMI who regularly share their insights and manage their public Crypto Strategies. Go to the strategies page and use the “ticker” filter to find out which public Crypto Strategies have Polygon in their structure.
Here you can read and comment on all posts made by Strategists about Polygon POL. See all Polygon price predictions in real time and make the best use of their crypto knowledge.
🤟 Rebalancing Info 01.10.2024 🤟
Strategy Performance September: +22%🚀
Winner September: $SUI +91🚀
Loser September: $POL -7% 📉
Every month I rebalance the strategy back to 4% each of the Top25 crypto coins without Stablecoins or wrapped Token.
There has been 1 change in the Top25:
1x Out: $STX
24x Rebalanced
1x New: $REN
Everything is rebalanced back to 4% each.
🤟 www.crypto-index-25.de 🤟
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Assets Traded in past bull runs
$GHST, $HIGH, $YGG, $KDA, $POL, $ALPHA, $KSM, $LINK, $LTC, $POWR, $NULS, $BIFI, $BNB, $BTC, $ELF, $BNT, $DOGE, $DATA, $DODO, $OM, $DENT, $PUNDIX, $UNI, $ROSE, $SOL, $ONE, $SUN, $TRX, $BICO, $VITE, $WING, $ETH, $XTZ, $XRP, $MATIC, $NEXO, $BCH, $REI, $ADA, $AVAX, $POLS, $OCEAN, $RNDR
Learn more at sygnal.ai or follow us on Telegram!
Perennial Surge from SYGNAL is a sophisticated trading strategy that combines steady long-term holdings with tactical opportunistic trades. The strategy is designed to be continuously active in the market, holding significant positions in major cryptocurrencies such as $BTC, $ETH, $BNB, $SOL, and $AVAX . It capitalizes on market trends and corrections through a dynamic blend of position trading and mean reversion tactics.
In fluctuating or bear markets, Perennial Surge adjusts its strategy dynamically, increasing its holdings in stable cryptocurrencies to protect the portfolio and capture potential upswings efficiently.
Perennial Surge employs a dual-strategy approach:
This strategy benefits from hourly rebalancing, which fine-tunes the allocation between long-term positions and short-term opportunistic trades based on real-time market analysis. This frequent adjustment ensures the strategy is consistently positioned for optimal performance.
Assets Traded: $ADA, $ATOM, $AVAX, $BCH, $BNB, $BTC, $DOT, $ETC, $ETH, $FIL, $ICP, $INJ, $LINK, $LTC, $POL, $NEAR ,$SOL, $TRX, $UNI, $XLM, $XRP
Hello 🍂
happy to see You, my dear follower, not being agitated by the bear.
A couple of more weeks or maybe months and the worst is likely to be over. However who can't really tell with current state of the human world.
One thing is for certain, that after the rain comes sun and Moonity is preparing for the (value) decoupling of the legacy from the emerging (DeFi, ReFi, SoFi,...) markets!
Here's a swift explanation on the latest re.balance ⚖️
Removed
$WAVES (Cardano is becoming the go to smart contract / programmable validator) platform in 2023; $DNT(ETH L2 future uncertain due to PoS switch, only keeping high profile L2 assets in the strategy and $POLYmath (no longer supported on Iconomi)Increased
$ALGO due to recent huge SDK update that most likely will kick start development and interoperability $STORJ , $AR , $GRT& $ATOM in preparation of Moonity becoming an infrastructure focused strategy and those are the primary assets that'll be integratedHave a blessed harvest / autumn season, stay healthy in mind & body 🙏
