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Polygon Plans to Replace MATIC by Unveiling POL Token Contract on Ethereum
In an announcement on Wednesday, October 25, Polygon Labs announced the launch of its new Polygon Token, POL, on the Ethereum blockchain network. The POL token’s purpose is to succeed the MATIC token as the next-generation, highly efficient ecosystem for Polygon. This ecosystem encompasses the primary Polygon blockchain, the Polygon zkEVM network, and several supernets.
In its press release, Polygon Labs said that this is a major milestone in its journey for Polygon 2.0. “Today marks a major milestone on the Polygon 2.0 journey toward building the Value Layer of the Internet. The upgrade to POL has been initiated on the Ethereum mainnet, after months of development, community consultation and a successful testnet launch,” said Polygon Labs.
The POL token upgrade is now live on Ethereum mainnet.
Polygon 2.0, released this summer, is a roadmap for scaling Ethereum to build the Value Layer of the
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