Buy Polygon (POL)
What is POL (ex-MATIC)?
POL, or the Polygon Ecosystem Token, is the next-generation protocol token designed to be the primary tool for coordination, growth, and development of the Polygon ecosystem. It is an upgrade and renaming of the MATIC token, aimed at improving scalability, security, and governance within the network.
How does POL (ex-MATIC) work?
POL is used to govern and secure the Polygon network, pay network transaction fees, and enable users to validate multiple chains, stake tokens to earn rewards, and participate in the network’s decision-making processes. It supports a vast number of chains without sacrificing security or speed, making Polygon a scalable platform for developers and users.
What are the potential use cases for POL (ex-MATIC)?
POL has diverse use cases across various industries, including Decentralised Finance (DeFi), gaming, and enterprise applications. It enables high-speed, low-cost transactions, making it a preferred platform for many DeFi projects and blockchain-based games. Additionally, it supports supply chain management, data verification, and identity management solutions for enterprises.
What is the history of POL (ex-MATIC)?
POL (ex-MATIC) originated as the Matic Network in 2017, co-founded by Jaynti Kanani, Sandeep Nailwal, Anurag Arjun, and Mihailo Bjelic. The project underwent significant transformations, including an initial exchange offering on Binance in 2020 and a rebranding to Polygon, focusing on Web3 application development. The most recent significant update includes the token upgrade from MATIC to POL, part of the Polygon 2.0 roadmap initiated in 2023.
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Frequently Asked Questions (FAQs)
What is the current price of Polygon (POL)?
The Polygon price is $0.80572906 AUD, representing a +14.16% from the day prior.
Where is the best place to buy Polygon (POL) in Australia?
The best place to buy Polygon (POL) in Australia is right here! Coinstash is one of Australia's leading and most trusted cryptocurrency exchanges. Built by investors, for investors - Coinstash offers a secure and user-friendly platform to buy and sell Polygon (POL) and over 1,000 other cryptocurrencies. Enjoy low fees, excellent customer support and access to an array of powerful trading tools and investing features.
What is the daily trading volume of Polygon (POL)?
The trading volume of Polygon (POL) is $430.6M AUD in the last 24hrs, representing a +14.16% from the day prior.
How can I buy Polygon (POL)?
Polygon (POL) can be purchased on Coinstash with AUD or by trading other cryptocurrencies for it. Coinstash offers various AUD deposit methods including bank transfers, POLi and PayID.
What is the market cap of Polygon (POL)?
The current market cap of Polygon (POL) is $6.8B AUD.
Can I convert Polygon (POL) to cash?
Yes - With Coinstash you can convert your Polygon (POL) to AUD instantly. You can also withdraw AUD to your Australian bank account instantly and for free with no withdrawal fees.
How many Polygon (POL) are there?
The current circulating supply of Polygon (POL) is 8.4B.
Is Coinstash a safe place to buy Polygon (POL) in Australia?
Yes - Coinstash is one of Australia's safest and most trusted platforms for buying and selling Polygon (POL) and other cryptocurrencies. Coinstash's industry-leading security practices provide the highest level of protection for your investments. Coinstash is licensed, compliant and AUSTRAC registered in Australia. You can learn more about our security practices.