POL is the native token of Polygon that enables users to interact with tens of thousands of dApps across Polygon blockchains. It is also used to secure the network through staking.
Gas Token
POL is the lifeblood of Polygon PoS. When you conduct any transaction or use an application built on Polygon PoS, you'll pay a bit of gas in POL. This incentivizes validators to process and verify transactions, ensuring the network remains functional and secure.
Network Security
Polygon employs a proof-of-stake mechanism that uses staked POL to reach consensus across the network. By staking POL, you can secure Polygon PoS and earn rewards. Validators are disincentivized from engaging in malicious behavior, maintaining the network's integrity.
Governance
Validators play an even more special role on Polygon PoS. They implement Polygon Improvement Proposals (PIPs) and contribute to the decentralization of Polygon PoS, ensuring the network evolves based on community consensus.
Community Fuel
POL powers sustainable growth through a unique emissions model, with a portion of the emissions dedicated to funding community-driven initiatives. This supports ongoing development and innovation within the Polygon network.
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Hyperproductive Token
POL introduces the concept of a hyperproductive token, enabling validators to secure multiple chains and participate in diverse roles across the Polygon aggregated network of blockchains. This approach enhances security, scalability, and overall productivity.
Where to buy & sell MATIC?
MATIC is available on many of the leading centralized and decentralized exchanges around the world.
Tokenomics Blogs
Keep your MATIC safe
Protect your MATIC in a wallet
If you plan on buying a lot of MATIC you may want to keep it in a wallet you control, not an exchange. That's because an exchange is a likely target for hackers. If a hacker gains access, you could lose your funds. Alternatively, only you have control of your wallet.
Keep your MATIC safe
When you download a wallet it will create a public ETH address for you. Here's what one looks like:
0x0125e2478d69eXaMpLe81766fef5c120d30fb53f
Think of this like your email address, but instead of mail it can receive ETH. If you want to transfer ETH from an exchange to your wallet, use your address as the destination. Be sure to always double check before you send!
Follow wallet instructions
If you lose access to your wallet, you’ll lose access to your funds. Your wallet should give you instructions on protecting against this. Be sure to follow them carefully – in most cases, no one can help you if you lose access to your wallet.
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