The Polygon Foundation has set the date for its highly anticipated transition from MATIC to the POL token. However, analysts believe POL’s full functionality will likely only come sometime in 2025 when Polygon’s multichain staking layer goes live. As a result, most MATIC holders are turning to ETFSwap (ETFS), which already offers full functionality and significant profit.
Polygon’s MATIC To Transition To POL Token
Over the past year, Polygon Labs has introduced a new roadmap aimed at adopting an aggregated chain architecture to infinitely scale Ethereum by horizontally connecting as many chains as possible on top of Layer 1. In line with this roadmap, the team has outlined plans for significant changes to the Polygon network, including an upgrade to its token to better support the envisioned multichain ecosystem.
After months of anticipation, the team has announced that the mainnet migration for the token will take place on September 4. This POL migration marks the first phase in MATIC’s evolution into what Polygon Labs describes as a “hyperproductive token,” allowing holders to stake it to validate transactions across multiple chains within Polygon’s aggregated blockchain network and earn rewards.
In this initial phase, POL will simply replace MATIC as the native gas and staking token for the Polygon Proof-of-Stake network. For those unfamiliar, POL differs from MATIC primarily in its inflationary nature. While MATIC has a capped supply of 10 billion tokens, POL will inflate by 2% annually to accommodate the scaling needs of an infinite number of chains. What does this development mean for matic holders; For holders of MATIC on Polygon PoS, there is no required action. The token will automatically upgrade to POL.
For holders of MATIC on Ethereum, Polygon zkEVM, or centralized exchanges (CEXes), upgrading to POL is optional. A migration contract will allow holders to convert MATIC to POL on Ethereum at their convenience. However, there is currently no deadline for this upgrade. Lastly, to ensure a smooth transition, Polygon started a testnet migration on July 17th to identify and address potential issues before the mainnet upgrade.
ETFSwap (ETFS): Empowering Investors MATIC Holders With Functionality And Financial Freedom
Considering that the full functionality of POL is projected to be realized only by 2025, platforms like ETFSwap (ETFS) offer investors a compelling alternative. Unlike POL, the ETFSwap token, ETFS, is already fully operational, serving as a deflationary asset designed to withstand market volatility and perform effectively alongside major cryptocurrencies. By owning this native ERC-20 token, investors benefit from low transaction fees and exclusive investment opportunities in ETFs.
They also have access to governance and voting rights which allow them a say in the development of the ecosystem. As a decentralized finance (DeFi) platform, ETFSwap (ETFS) offers investors access to a wide range of ETFs, and also provides borderless and permissionless trading services globally. The platform equips users with advanced ETF trading features, ensuring they have the necessary tools and resources for seamless and efficient trading.
ETFSwap (ETFS) elevates high-value trading by utilizing sophisticated AI algorithms to deliver optimal ETF recommendations based on market trends and historical data. The platform offers up to 10x leverage, customized trading strategies, and ETF management services, helping users amplify their trades while managing risks effectively.
In terms of security, ETFSwap (ETFS) maintains a highly secure trading environment that has undergone a successful audit and KYC verification by Solidproof, a leading smart contract security auditing company. Unsurprisingly, ETFSwap’s presale has seen over 380 million tokens sold, raising more than $3 million in just a few weeks.
Is Buying The ETFSwap (ETFS) Token Worth It?
Most ERC-20 tokens on the Ethereum blockchain are experiencing instability due to Polygon’s MATIC migration to POL. However, ETFSwap (ETFS), is generating significant buzz with its unique functionality, standing out as the most compelling investment opportunity in the current market. Investors are encouraged to participate in the ongoing presale to acquire ETFS tokens at the discounted price of $0.01831 before the price rises to $0.03846 in the next stage.
For more information about the ETFS Presale:
