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Crypto

Polygon POL Token Sets Sights on Everyday Digital Payments

Guavy AI Editorial Team
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ETH MATIC POL
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The Polygon POL token is the primary cryptocurrency in the Polygon blockchain network, designed to be more cost-efficient and faster than Ethereum.

In 2024, Polygon replaced the MATIC token with POL as part of its upgraded Polygon 2.0 network.

Like Ethereum's gas fees, POL is used for paying fees on Polygon, but it also has other uses: validators stake POL to help secure the network and earn rewards.

The same staked POL can protect multiple chains at once, making it a 'hyperproductive' token according to Polygon.

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