Polygon price today.
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How the value of Polygon evolves
On September 4, 2024, during the first phase of the transition, POL replaced MATIC as the native token of the Polygon PoS network. In the following phases, POL will take on a key role within AggLayer, solidifying its position as a fundamental element in the Polygon ecosystem.
3 reasons to choose Polygon
1
Gas token
POL is the essential token of Polygon. Every time you make a transaction on its blockchain, you pay the usage fee, or Gas, in POL. This mechanism incentivizes validators to verify transactions and contributes to the overall security of the system.
2
Network Security
Polygon uses a proof-of-stake (PoS) mechanism that employs delegated POL to achieve consensus across the network. By delegating your POL tokens, you contribute to the security of the Polygon PoS network and, in return, can earn rewards.
3
Governance
Validators play a crucial role in Polygon PoS. Not only do they implement Polygon Improvement Proposals (PIPs), but they also contribute to the decentralization of the network, ensuring that its evolution is based on community consensus.
