Polygon Proposes Token Switch From MATIC to POL for More Utility

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Polygon Proposes Token Switch From MATIC to POL for More Utility
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.0xPolygon developers today proposed a token upgrade to POL from MATIC in a move that's said to provide better utility for token holders and a more unified ecosystem of Polygon-based networks. By shauryamalwa

A group of Polygon founders and researchers proposed a token upgrade that would replace the network's MATIC token with POL in a move that lets POL function as a single token for all Polygon-based networks.

The proposal lifted MATIC, which added as much as 2.6% to $0.747 in the first three minutes after the announcement.

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